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COMPANY REGISTRATION NUMBER: 03856002
Messrs. Cartmel Limited
Filleted Unaudited Financial Statements
31 December 2023
Messrs. Cartmel Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
4
416
416
Tangible assets
5
25,974
26,542
------------
------------
26,390
26,958
Current assets
Stocks
22,743
24,539
Debtors
6
4,750
898
Cash at bank and in hand
25,900
42,222
------------
------------
53,393
67,659
Creditors: amounts falling due within one year
7
( 162,180)
( 168,501)
------------
------------
Net current liabilities
( 108,787)
( 100,842)
------------
------------
Total assets less current liabilities
( 82,397)
( 73,884)
------------
------------
Net liabilities
( 82,397)
( 73,884)
------------
------------
Messrs. Cartmel Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 82,399)
( 73,886)
------------
------------
Shareholders deficit
( 82,397)
( 73,884)
------------
------------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These 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 W S Cartmel
Director
Company registration number: 03856002
Messrs. Cartmel Limited
Notes to the Financial Statements
Year ended 31 December 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 High Low Hall Farm, Hensingham, Whitehaven, Cumbria, CA28 8XZ, United Kingdom.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
4. Intangible assets
Quota
£
Cost
At 1 January 2023 and 31 December 2023
416
------------
Amortisation
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
416
------------
At 31 December 2022
416
------------
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
22,897
34,411
10,622
10,250
78,180
------------
------------
------------
------------
------------
Depreciation
At 1 January 2023
31,011
10,560
10,067
51,638
Charge for the year
510
12
46
568
------------
------------
------------
------------
------------
At 31 December 2023
31,521
10,572
10,113
52,206
------------
------------
------------
------------
------------
Carrying amount
At 31 December 2023
22,897
2,890
50
137
25,974
------------
------------
------------
------------
------------
At 31 December 2022
22,897
3,400
62
183
26,542
------------
------------
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
3,580
141
Other debtors
1,170
757
------------
------------
4,750
898
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
162,180
168,501
------------
------------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A Cartmel
( 90,211)
2,673
( 87,538)
Mr W S Cartmel
( 75,176)
2,673
( 72,503)
------------
------------
------------
( 165,387)
5,346
( 160,041)
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A Cartmel
( 91,929)
1,718
( 90,211)
Mr W S Cartmel
( 76,894)
1,718
( 75,176)
------------
------------
------------
( 168,823)
3,436
( 165,387)
------------
------------
------------
9. Related party transactions
The company was under the control of Messrs W & A Cartmel throughout the current and previous year who are the managing directors and majority shareholders. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.