REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023 |
FOR |
AD AND CARM LTD |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023 |
FOR |
AD AND CARM LTD |
AD AND CARM LTD (Registered number: 12447433) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 MARCH 2022 TO 31 MARCH 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
AD AND CARM LTD |
COMPANY INFORMATION |
for the Period 1 MARCH 2022 TO 31 MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Annexe |
Minerva House |
Bordyke |
Tonbridge |
Kent |
TN9 1NR |
AD AND CARM LTD (Registered number: 12447433) |
REPORT OF THE DIRECTORS |
for the Period 1 MARCH 2022 TO 31 MARCH 2023 |
The directors present their report with the financial statements of the company for the period 1 March 2022 to 31 March 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of Property Developers. |
DIVIDENDS |
No dividends will be distributed for the period ended 31 March 2023. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report. |
ON BEHALF OF THE BOARD: |
AD AND CARM LTD (Registered number: 12447433) |
INCOME STATEMENT |
for the Period 1 MARCH 2022 TO 31 MARCH 2023 |
Period |
1.3.22 |
to | Year Ended |
31.3.23 | 28.2.22 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT |
Interest payable and similar expenses |
(LOSS)/PROFIT BEFORE TAXATION | ( |
) |
Tax on (loss)/profit | 4 |
(LOSS)/PROFIT FOR THE FINANCIAL PERIOD |
( |
) |
AD AND CARM LTD (Registered number: 12447433) |
BALANCE SHEET |
31 MARCH 2023 |
31.3.23 | 28.2.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
AD AND CARM LTD (Registered number: 12447433) |
BALANCE SHEET - continued |
31 MARCH 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
AD AND CARM LTD (Registered number: 12447433) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 MARCH 2022 TO 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
AD AND CARM LTD is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - |
AD AND CARM LTD (Registered number: 12447433) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 MARCH 2022 TO 31 MARCH 2023 |
4. | TAXATION |
Analysis of the tax charge |
The tax charge on the loss for the period was as follows: |
Period |
1.3.22 |
to | Year Ended |
31.3.23 | 28.2.22 |
£ | £ |
Current tax: |
UK corporation tax |
in respect of previous years | 205 | (18 | ) |
Tax on (loss)/profit |
UK corporation tax has been charged at 19% (2022 - 19%). |
5. | TANGIBLE FIXED ASSETS |
Freehold |
Property |
£ |
COST |
At 1 March 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 28 February 2022 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 28.2.22 |
£ | £ |
Corporation Tax |
Directors Loan Account | 86,293 | 89,943 |
Accrued Expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 28.2.22 |
£ | £ |
Bank loans (see note 8) |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loan more than 5 Years | 206,232 | 206,232 |
AD AND CARM LTD (Registered number: 12447433) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 MARCH 2022 TO 31 MARCH 2023 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.3.23 | 28.2.22 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loan more than 5 Years | 206,232 | 206,232 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 28.2.22 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2022 |
Deficit for the period | ( |
) |
At 31 March 2023 |