Company Registration No. 12100946 (England and Wales)
Made By Carricks Ltd
Unaudited accounts
for the year ended 31 July 2023
Made By Carricks Ltd
Unaudited accounts
Contents
Made By Carricks Ltd
Company Information
for the year ended 31 July 2023
Company Number
12100946 (England and Wales)
Registered Office
11 Picardy Close
Battle
East Sussex
TN33 0AZ
Accountants
TRP Accountancy Ltd
Bumpkin Shaw Yard
Rock Lane
Hastings
East Sussex
TN35 4NY
Made By Carricks Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
24,511
536
Cash at bank and in hand
28,419
59,720
Creditors: amounts falling due within one year
(81,145)
(74,908)
Net current assets
83,503
82,171
Called up share capital
1
1
Profit and loss account
108,013
82,706
Shareholders' funds
108,014
82,707
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2024 and were signed on its behalf by
Glen Carrick
Director
Company Registration No. 12100946
Made By Carricks Ltd
Notes to the Accounts
for the year ended 31 July 2023
Made By Carricks Ltd is a private company, limited by shares, registered in England and Wales, registration number 12100946. The registered office is 11 Picardy Close, Battle, East Sussex, TN33 0AZ. The principal place of business is Unit 1, Martins Farm, Russells Green, Ninfield, East Sussex, TN33 9EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing and completion.
Accounting standards requires the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that they consider that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has positive reserves, cash balances and the ongoing support of the director.
Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Made By Carricks Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
-
-
1,072
1,072
Additions
18,434
12,319
751
31,504
At 31 July 2023
18,434
12,319
1,823
32,576
At 1 August 2022
-
-
536
536
Charge for the year
4,609
2,464
456
7,529
At 31 July 2023
4,609
2,464
992
8,065
At 31 July 2023
13,825
9,855
831
24,511
At 31 July 2022
-
-
536
536
Amounts falling due within one year
Trade debtors
118,613
85,402
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
34,008
13,855
Taxes and social security
10,446
18,937
Loans from directors
31,721
37,369
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Made By Carricks Ltd
Notes to the Accounts
for the year ended 31 July 2023
8
Transactions with related parties
The company was under the control of Glen Carrick throughout the current financial year. Glen Carrick is both the managing director and sole owner of shares to which voting rights are attached.
Nature of control
Ownership of shares – 75% or more
Ownership of voting rights - 75% or more
Right to appoint or remove directors
As at the balance sheet date the company owed the director £31,721 (2022: £37,369).
The ultimate controlling party is Glen Carrick.
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).