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REGISTERED NUMBER: 04069776 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

CARROLLS LTD

CARROLLS LTD (REGISTERED NUMBER: 04069776)






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


CARROLLS LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J J Carroll
Mrs C Carroll





SECRETARY: J J Carroll





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 04069776 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

CARROLLS LTD (REGISTERED NUMBER: 04069776)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,700 154,891

CURRENT ASSETS
Stocks 13,600 11,250
Debtors 5 191,869 177,145
Cash at bank and in hand 324,129 291,115
529,598 479,510
CREDITORS
Amounts falling due within one year 6 296,301 269,295
NET CURRENT ASSETS 233,297 210,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,997

365,106

CREDITORS
Amounts falling due after more than one
year

7

(69,753

)

(79,746

)

PROVISIONS FOR LIABILITIES (16,840 ) (13,833 )
NET ASSETS 294,404 271,527

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 294,400 271,523
SHAREHOLDERS' FUNDS 294,404 271,527

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.

CARROLLS LTD (REGISTERED NUMBER: 04069776)

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 11 April 2024 and were signed on its behalf by:





J J Carroll - Director


CARROLLS LTD (REGISTERED NUMBER: 04069776)

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

1. STATUTORY INFORMATION

Carrolls 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - over the remainder of the lease term
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CARROLLS LTD (REGISTERED NUMBER: 04069776)

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

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2022 77,749 88,596 41,778
Additions - - -
At 31 July 2023 77,749 88,596 41,778
DEPRECIATION
At 1 August 2022 8,333 68,466 34,662
Charge for year 926 4,026 1,423
At 31 July 2023 9,259 72,492 36,085
NET BOOK VALUE
At 31 July 2023 68,490 16,104 5,693
At 31 July 2022 69,416 20,130 7,116

CARROLLS LTD (REGISTERED NUMBER: 04069776)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 165,165 7,013 380,301
Additions 18,600 - 18,600
At 31 July 2023 183,765 7,013 398,901
DEPRECIATION
At 1 August 2022 109,547 4,402 225,410
Charge for year 18,554 862 25,791
At 31 July 2023 128,101 5,264 251,201
NET BOOK VALUE
At 31 July 2023 55,664 1,749 147,700
At 31 July 2022 55,618 2,611 154,891

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 21,140
Transfer to ownership (21,140 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 13,894
Transfer to ownership (13,894 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 7,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 186,026 163,511
VAT 5,843 13,634
191,869 177,145

CARROLLS LTD (REGISTERED NUMBER: 04069776)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,994 12,306
Hire purchase contracts - 1,616
Trade creditors 158,566 136,259
Tax 22,315 19,513
Social security and other taxes 3,939 4,720
Other creditors 2,217 2,139
Directors' current accounts 96,270 89,742
Accrued expenses 3,000 3,000
296,301 269,295

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans repayable within 1-2 years 10,247 9,994
Bank loans repayable within 2-5 years 10,506 20,752
Bank loans repayable in more than 5 years
otherwise than by instalments

49,000

49,000
69,753 79,746

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans repayable in more than 5 years
otherwise than by instalments

49,000

49,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
4 Ordinary £1 4 4