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REGISTERED NUMBER: 10963018 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30th September 2023

for

R M Carson Limited

R M Carson Limited (Registered number: 10963018)






Contents of the Financial Statements
For The Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R M Carson Limited

Company Information
For The Year Ended 30th September 2023







DIRECTOR: R M Carson





SECRETARY: S A Carson





REGISTERED OFFICE: 11 Showfield Drive
Easingwold
York
North Yorkshire
YO61 3GD





REGISTERED NUMBER: 10963018 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

R M Carson Limited (Registered number: 10963018)

Balance Sheet
30th September 2023

30.9.23 30.9.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 63,445 72,190
63,445 72,190

CURRENT ASSETS
Stocks 94,719 232,081
Debtors 7 94,624 89,784
Cash at bank 1,158,064 807,196
1,347,407 1,129,061
CREDITORS
Amounts falling due within one year 8 653,524 631,669
NET CURRENT ASSETS 693,883 497,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,328

569,582

PROVISIONS FOR LIABILITIES 9 15,800 16,100
NET ASSETS 741,528 553,482

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 741,428 553,382
SHAREHOLDERS' FUNDS 741,528 553,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R M Carson Limited (Registered number: 10963018)

Balance Sheet - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th March 2024 and were signed by:





R M Carson - Director


R M Carson Limited (Registered number: 10963018)

Notes to the Financial Statements
For The Year Ended 30th September 2023

1. STATUTORY INFORMATION

R M Carson 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. STATEMENT OF COMPLIANCE

These financial statements were prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") as issued in August 2014. The financial statements have been prepared under the historical cost convention.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

Turnover
The turnover represents net invoiced sales of construction services, excluding value added tax.

Turnover is measured at the fair value of the consideration received for services provided, net of any VAT and any discounts. Turnover is recognised when the amount of turnover can be measured reliably, it is probable the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually the date valuation applications of work completed are submitted.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of 4 years.

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.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Computer equipment 25% straight line

Stocks
Stocks are valued at the lower of costs and net realisable value after taking into account obsolete items and are allocated on a first in first out method.

Contract work in progress is valued at the cost plus attributable profit or net realisable value. Attributable profit is that part of the total profit on the contract which fairly reflects the work performed at the balance sheet date and which can be assessed with reasonable certainty.


R M Carson Limited (Registered number: 10963018)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

3. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account, unless the asset is carried at a revalued amount and the impairment loss is a decrease to a previous revaluation.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Interest receivable
Interest income is recognised using the effective interest method.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
A basic financial liability that is a loan from a person who is a director and a shareholder is recorded at the initial transaction price and is not measured at fair value.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

R M Carson Limited (Registered number: 10963018)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st October 2022
and 30th September 2023 11,000
AMORTISATION
At 1st October 2022
and 30th September 2023 11,000
NET BOOK VALUE
At 30th September 2023 -
At 30th September 2022 -

6. TANGIBLE FIXED ASSETS
Computer &
Plant and Commercial office
machinery vehicles equipment Totals
£ £ £ £
COST
At 1st October 2022 107,568 34,123 1,759 143,450
Additions 5,740 - 1,171 6,911
Disposals (3,277 ) - (643 ) (3,920 )
At 30th September 2023 110,031 34,123 2,287 146,441
DEPRECIATION
At 1st October 2022 57,096 12,830 1,334 71,260
Charge for year 8,223 5,324 397 13,944
Eliminated on disposal (1,886 ) - (322 ) (2,208 )
At 30th September 2023 63,433 18,154 1,409 82,996
NET BOOK VALUE
At 30th September 2023 46,598 15,969 878 63,445
At 30th September 2022 50,472 21,293 425 72,190

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade debtors 73,684 43,902
Other debtors 18,069 45,035
Prepayments 2,871 847
94,624 89,784

R M Carson Limited (Registered number: 10963018)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade creditors 85,147 161,899
Corporation Tax 66,234 -
Social security and other taxes 5,551 15,503
Other creditors 6,423 2,992
Directors' current accounts 485,369 446,775
Accrued expenses 4,800 4,500
653,524 631,669

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£ £
Deferred tax 15,800 16,100

Deferred tax
£
Balance at 1st October 2022 16,100
Decrease due to a reduction in
accelerated capital allowances (2,200 )
Increase in provision re
brought forward losses
utilisation 1,900
Balance at 30th September 2023 15,800

The provision for the deferred tax liability has arisen due to the net book value of fixed assets being significantly higher than the tax written down value of assets for capital allowance purposes.
The difference in these values is expected to reduce in future periods and as a result the provision for deferred tax is due to a temporary timing difference and the provision will reduce in future periods.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £ £
100 Ordinary shares £1 100 100

11. CAPITAL COMMITMENTS
30.9.23 30.9.22
£ £
Contracted but not provided for in the
financial statements 27,900 -

12. ULTIMATE CONTROLLING PARTY

The controlling party is R M Carson.