Carrot Sprout Ltd 13875197 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of renting out of own property. Digita Accounts Production Advanced 6.30.9574.0 true 13875197 2023-02-01 2024-01-31 13875197 2024-01-31 13875197 bus:OrdinaryShareClass1 2024-01-31 13875197 core:CurrentFinancialInstruments 2024-01-31 13875197 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13875197 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 13875197 core:LandBuildings 2024-01-31 13875197 bus:SmallEntities 2023-02-01 2024-01-31 13875197 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13875197 bus:FilletedAccounts 2023-02-01 2024-01-31 13875197 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13875197 bus:RegisteredOffice 2023-02-01 2024-01-31 13875197 bus:Director1 2023-02-01 2024-01-31 13875197 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13875197 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13875197 core:LandBuildings 2023-02-01 2024-01-31 13875197 countries:EnglandWales 2023-02-01 2024-01-31 13875197 2023-01-31 13875197 core:LandBuildings 2023-01-31 13875197 2022-01-27 2023-01-31 13875197 2023-01-31 13875197 bus:OrdinaryShareClass1 2023-01-31 13875197 core:CurrentFinancialInstruments 2023-01-31 13875197 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13875197 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 13875197 core:LandBuildings 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13875197

Carrot Sprout Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Carrot Sprout Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Carrot Sprout Ltd

Company Information

Director

Mr James Downs

Registered office

C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Carrot Sprout Ltd

(Registration number: 13875197)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

313,290

313,290

Current assets

 

Debtors

5

(3,000)

(2,500)

Cash at bank and in hand

 

7,435

65,787

 

4,435

63,287

Creditors: Amounts falling due within one year

6

(133,344)

(188,986)

Net current liabilities

 

(128,909)

(125,699)

Total assets less current liabilities

 

184,381

187,591

Creditors: Amounts falling due after more than one year

6

(170,243)

(187,186)

Net assets

 

14,138

405

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

14,038

305

Shareholders' funds

 

14,138

405

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 March 2024
 

.........................................
Mr James Downs
Director

 

Carrot Sprout Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX
United Kingdom

These financial statements were authorised for issue by the director on 18 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Carrot Sprout Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

NIL

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Carrot Sprout Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Carrot Sprout Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2023

313,290

313,290

At 31 January 2024

313,290

313,290

Depreciation

Carrying amount

At 31 January 2024

313,290

313,290

At 31 January 2023

313,290

313,290

Included within the net book value of land and buildings above is £313,290 (2023 - £313,290) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

(3,000)

(2,500)

 

(3,000)

(2,500)

 

Carrot Sprout Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

17,273

16,322

Taxation and social security

 

4,691

1,285

Other creditors

 

111,380

171,379

 

133,344

188,986

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

170,243

187,186

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100