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REGISTERED NUMBER: 03925746 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Carter & Co Accountants Ltd
T/A
Carter & Co.

Carter & Co Accountants Ltd (Registered number: 03925746)
T/A Carter & Co.






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carter & Co Accountants Ltd
T/A Carter & Co.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J H Carter
N A E Davis





SECRETARY: Mrs C L Carter





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 03925746 (England and Wales)





ACCOUNTANTS: Carter & Co.
Accountants & Taxation Advisors
19 Warren Park Way
The Warrens Business Park
Enderby
Leicester
LE19 4SA

Carter & Co Accountants Ltd (Registered number: 03925746)
T/A Carter & Co.

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,500 40,204
32,500 40,204

CURRENT ASSETS
Debtors 6 100,880 98,565
Cash at bank 51,114 95,610
151,994 194,175
CREDITORS
Amounts falling due within one year 7 134,547 149,096
NET CURRENT ASSETS 17,447 45,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,947

85,283

PROVISIONS FOR LIABILITIES 7,576 7,610
NET ASSETS 42,371 77,673

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 42,369 77,671
SHAREHOLDERS' FUNDS 42,371 77,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Carter & Co Accountants Ltd (Registered number: 03925746)
T/A Carter & Co.

Balance Sheet - continued
31 March 2024


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 22 April 2024 and were signed on its behalf by:




J H Carter - Director



N A E Davis - Director


Carter & Co Accountants Ltd (Registered number: 03925746)
T/A Carter & Co.

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Carter & Co Accountants 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of five years.

Intangible assets
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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 12 (2023 - 12 ) .

Carter & Co Accountants Ltd (Registered number: 03925746)
T/A Carter & Co.

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 6,000
AMORTISATION
At 1 April 2023
and 31 March 2024 6,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 138,567
Additions 1,588
At 31 March 2024 140,155
DEPRECIATION
At 1 April 2023 98,363
Charge for year 9,292
At 31 March 2024 107,655
NET BOOK VALUE
At 31 March 2024 32,500
At 31 March 2023 40,204

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 83,187 75,805
Prepayments 17,693 22,760
100,880 98,565

Carter & Co Accountants Ltd (Registered number: 03925746)
T/A Carter & Co.

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 16,772 21,937
Tax 27,969 30,071
Social security and other taxes 4,293 2,311
VAT 45,903 41,874
Other creditors 4,458 13,743
Directors' current accounts 34,542 38,264
Accrued expenses 610 896
134,547 149,096

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
20 Ordinary £0.10 2 2

9. ULTIMATE CONTROLLING PARTY

At the balance sheet date the company was controlled by Mr J H Carter and Mrs C Carter (Husband and Wife) by virtue of their 55% holding of the issued share capital.