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COMPANY REGISTRATION NUMBER: 13380668
CARTER OHMS LIMITED
Filleted Unaudited Abridged Financial Statements
For the period ended
31 May 2023
CARTER OHMS LIMITED
Abridged Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
£
Current assets
Debtors
9,425
4,114
Cash at bank and in hand
553
44
-------
-------
9,978
4,158
Creditors: amounts falling due within one year
9,868
4,058
-------
-------
Net current assets
110
100
----
----
Total assets less current liabilities
110
100
----
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
109
99
----
----
Shareholders funds
110
100
----
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 May 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.
CARTER OHMS LIMITED
Abridged Statement of Financial Position (continued)
31 May 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 21 March 2024 , and are signed on behalf of the board by:
Mr J Sutcliffe
Director
Company registration number: 13380668
CARTER OHMS LIMITED
Notes to the Abridged Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 4, Collier Court, Cambridge Drive, Lee, London, SE12 8AG, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents work completed during the year.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J Sutcliffe
4,114
5,311
9,425
-------
-------
-------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J Sutcliffe
4,114
4,114
----
-------
-------
5. Related party transactions
Included in debtors at the period end 31 May 2023 is an amount of £9,425 (2022:£4,114) owing by the director to the company. During the year dividends of £26,200 (2022:£14,800) were paid to the director.