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REGISTERED NUMBER: 11555743 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CARVECO LTD

CARVECO LTD (REGISTERED NUMBER: 11555743)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARVECO LTD

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: T Buck
C D Murray
D Moulder
R A Newman





REGISTERED OFFICE: Pheasant Oak Barn
Hob Lane
Balsall Common
Coventry
West Midlands
CV7 7GX





REGISTERED NUMBER: 11555743 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

CARVECO LTD (REGISTERED NUMBER: 11555743)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,977 9,024

CURRENT ASSETS
Debtors 5 272,404 83,767
Cash at bank 690,500 764,638
962,904 848,405
CREDITORS
Amounts falling due within one year 6 716,298 541,336
NET CURRENT ASSETS 246,606 307,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,583

316,093

PROVISIONS FOR LIABILITIES - 1,714
NET ASSETS 266,583 314,379

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 266,483 314,279
266,583 314,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CARVECO LTD (REGISTERED NUMBER: 11555743)

BALANCE SHEET - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by:





D Moulder - Director


CARVECO LTD (REGISTERED NUMBER: 11555743)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Carveco Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

CARVECO LTD (REGISTERED NUMBER: 11555743)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 October 2022 7,562 16,829 24,391
Additions 9,666 12,598 22,264
Disposals - (4,789 ) (4,789 )
At 30 September 2023 17,228 24,638 41,866
DEPRECIATION
At 1 October 2022 5,225 10,142 15,367
Charge for year 4,307 7,004 11,311
Eliminated on disposal - (4,789 ) (4,789 )
At 30 September 2023 9,532 12,357 21,889
NET BOOK VALUE
At 30 September 2023 7,696 12,281 19,977
At 30 September 2022 2,337 6,687 9,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 200,222 67,259
Amounts owed by group undertakings 188 188
Amounts owed by participating interests 1,782 1,482
Other debtors 70,212 14,838
272,404 83,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 433,485 317,754
Taxation and social security 9,338 51,820
Other creditors 273,475 171,762
716,298 541,336

CARVECO LTD (REGISTERED NUMBER: 11555743)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


7. RELATED PARTY DISCLOSURES

At 30 September 2023 other creditors include loans made to the company by its directors as follows:

2023 2022
£    £   

T Buck 744 692
D Moulder 364 312
C D Murray 744 692
R A Newman 643 331

The loans are interest free with no fixed date for repayment.


Some of the directors are also directors in other UK registered limited companies, Those companies have been paid for services made to the company as follows:

2023 2022
£    £   

Buckyboo Limited 62,267 98,550
Since 74 Limited 62,267 94,306
Chrimogen Limited 62,267 100,880
Zalex Group Limited 88,786 107,674

At 30 September 2023 no amounts were owed to any of the above companies. (2022 £nil).

8. CONTROLLING PARTY

The controlling party is the directors.

The ultimate controlling party is Mactra Limited.

The company is a wholly owned subsidiary of Mactra Limited of which the directors of the company are shareholders. Mactra Limited is a company register in England and Wales.