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REGISTERED NUMBER: 09677621 (England and Wales)









C R CAREY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






C R CAREY LIMITED (REGISTERED NUMBER: 09677621)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C R CAREY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr C Fairweather





REGISTERED OFFICE: 114 High Street
Billingshurst
West Sussex
RH14 9QS





REGISTERED NUMBER: 09677621 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

C R CAREY LIMITED (REGISTERED NUMBER: 09677621)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 201,500 217,000
Tangible assets 5 83,220 85,198
284,720 302,198

CURRENT ASSETS
Debtors 6 78,659 45,989
Cash at bank and in hand 39,633 81,979
118,292 127,968
CREDITORS
Amounts falling due within one year 7 63,379 54,537
NET CURRENT ASSETS 54,913 73,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,633

375,629

CREDITORS
Amounts falling due after more than one
year

8

(172,430

)

(200,514

)

PROVISIONS FOR LIABILITIES 10 (19,576 ) (15,341 )
NET ASSETS 147,627 159,774

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 147,527 159,674
SHAREHOLDERS' FUNDS 147,627 159,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

C R CAREY LIMITED (REGISTERED NUMBER: 09677621)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 9 February 2024 and were signed by:





Dr C Fairweather - Director


C R CAREY LIMITED (REGISTERED NUMBER: 09677621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

C R Carey Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


C R CAREY LIMITED (REGISTERED NUMBER: 09677621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 310,000
AMORTISATION
At 1 April 2022 93,000
Charge for year 15,500
At 31 March 2023 108,500
NET BOOK VALUE
At 31 March 2023 201,500
At 31 March 2022 217,000

C R CAREY LIMITED (REGISTERED NUMBER: 09677621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 69,475 80,935 21,511 5,360 177,281
Additions - 11,745 - - 11,745
At 31 March 2023 69,475 92,680 21,511 5,360 189,026
DEPRECIATION
At 1 April 2022 8,269 60,145 18,491 5,178 92,083
Charge for year 1,389 11,231 998 105 13,723
At 31 March 2023 9,658 71,376 19,489 5,283 105,806
NET BOOK VALUE
At 31 March 2023 59,817 21,304 2,022 77 83,220
At 31 March 2022 61,206 20,790 3,020 182 85,198

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 32,089
DEPRECIATION
At 1 April 2022
and 31 March 2023 32,089
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,803 32,461
Other debtors 40,856 13,528
78,659 45,989

C R CAREY LIMITED (REGISTERED NUMBER: 09677621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,392 22,850
Hire purchase contracts 4,692 4,692
Trade creditors 6,717 5,987
Taxation and social security 24,932 17,132
Other creditors 3,646 3,876
63,379 54,537

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 161,091 184,483
Hire purchase contracts 11,339 16,031
172,430 200,514

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 80,247 94,769

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 184,483 207,333

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,576 15,341

Deferred
tax
£   
Balance at 1 April 2022 15,341
Accelerated capital allowances 4,235
Balance at 31 March 2023 19,576

C R CAREY LIMITED (REGISTERED NUMBER: 09677621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Ordinary £1 - 100
80 Ordinary A £1 80 -
20 Ordinary B £1 20 -
100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Dr C Fairweather
Balance outstanding at start of year 12,047 (3,435 )
Amounts advanced 237,989 206,679
Amounts repaid (210,855 ) (191,197 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,181 12,047

13. ULTIMATE CONTROLLING PARTY

The controlling party is Dr C Fairweather.