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Registration number: 06274773

Carrington Fleet Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Carrington Fleet Holdings Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

Carrington Fleet Holdings Limited

(Registration number: 06274773)
Statement of Financial Position as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Investments

4

1,318,332

1,318,332

Creditors: Amounts falling due within one year

5

(1,308,332)

(1,308,332)

Net assets

 

10,000

10,000

Capital and reserves

 

Called up share capital

10,000

10,000

Shareholders' funds

 

10,000

10,000

For the financial year ending 31 August 2023 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 23 January 2024
 

.........................................
Mr RA Moyle
Director

 

Carrington Fleet Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

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:
Bee Hive Industrial Estate
Crescent Road
Lostock
Bolton
Lancashire
BL6 4BU
United Kingdom

These financial statements were authorised for issue by the director on 23 January 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements that affect the amounts reported. These judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no key judgements required in preparing the financial statements.

 

Carrington Fleet Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of Fixed asset
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exists. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely inde[endent of the cash inflows from other assets or groups of assets.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Current asset investments

2023
£

2022
£

Shares in group undertakings

1,318,332

1,318,332

The company owns 100% of the ordinary share capital of Carrington Fleet Textiles Limited, a private company limited by shares, registered in England and Wales.

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6

1,239,932

1,232,724

Other creditors

 

68,400

75,608

 

1,308,332

1,308,332

6

Related party transactions

Summary of transactions with subsidiaries

The amount due to Carrington Fleet Textiles Limited, a subsidiary company, at the year end was £1,239,932 (2022: £1,232,724).
 No interest is charged on this outstanding balance and there is no set dates of repayment.