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REGISTERED NUMBER: 07306505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Jeff Carter Limited

Jeff Carter Limited (Registered number: 07306505)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jeff Carter Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J Carter
A Carter





REGISTERED OFFICE: 24 The Square
Winchester
Hampshire
SO23 9EX





REGISTERED NUMBER: 07306505 (England and Wales)





ACCOUNTANTS: P D Accountancy Services Ltd
77 Whites Road
Bitterne
Southampton
Hampshire
SO19 7NR

Jeff Carter Limited (Registered number: 07306505)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 182 2,708
182 2,708

CURRENT ASSETS
Debtors 6 65,356 82,495
Cash at bank 6,375 46,601
71,731 129,096
CREDITORS
Amounts falling due within one year 7 7,298 25,145
NET CURRENT ASSETS 64,433 103,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,615

106,659

CREDITORS
Amounts falling due after more than one
year

8

-

26,723
NET ASSETS 64,615 79,936

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,515 79,836
SHAREHOLDERS' FUNDS 64,615 79,936

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Jeff Carter Limited (Registered number: 07306505)

Balance Sheet - continued
31 July 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 29 February 2024 and were signed on its behalf by:





J Carter - Director


Jeff Carter Limited (Registered number: 07306505)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Jeff Carter 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 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Jeff Carter Limited (Registered number: 07306505)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 August 2022 12,000
Disposals (12,000 )
At 31 July 2023 -
AMORTISATION
At 1 August 2022 12,000
Eliminated on disposal (12,000 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 36,431 21,580 2,141 60,152
Additions - 108 88 196
Disposals (36,431 ) (21,688 ) (1,992 ) (60,111 )
At 31 July 2023 - - 237 237
DEPRECIATION
At 1 August 2022 36,431 19,621 1,392 57,444
Charge for year - 504 194 698
Eliminated on disposal (36,431 ) (20,125 ) (1,531 ) (58,087 )
At 31 July 2023 - - 55 55
NET BOOK VALUE
At 31 July 2023 - - 182 182
At 31 July 2022 - 1,959 749 2,708

Jeff Carter Limited (Registered number: 07306505)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 3,071
Other debtors 62,035 63,560
Tax - 7,606
VAT 554 -
Deferred tax asset 2,767 475
Prepayments - 7,783
65,356 82,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 11,093
Trade creditors 6,833 6,833
Social security and other taxes - 441
VAT - 4,934
Directors' current accounts 105 1,399
Accrued expenses 360 445
7,298 25,145

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years - 26,723

9. RELATED PARTY DISCLOSURES

During the year in question the director received dividends to the value of £5,200 (2022 £6,000).

10. ULTIMATE CONTROLLING PARTY

J Carter holds the controlling interest in Jeff Carter Limited by virtue of his 100% interested in the issued share capital of the company.