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2023-12-31
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No description of principal activities is disclosed
2022-09-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
12167879
2022-09-01
2023-12-31
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2023-12-31
12167879
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2023-12-31
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2023-12-31
12167879
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2023-12-31
12167879
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2022-08-31
12167879
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2021-09-01
2022-08-31
12167879
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2022-09-01
2023-12-31
12167879
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2023-12-31
12167879
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2022-08-31
12167879
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2023-12-31
12167879
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2022-08-31
12167879
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2023-12-31
12167879
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2022-08-31
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2021-08-31
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2021-08-31
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12167879
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12167879
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2022-08-31
12167879
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2022-08-31
12167879
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2022-08-31
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12167879
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2023-12-31
Company registration number:
12167879
Carousel Car Parts Limited
Unaudited filleted financial statements
31 December 2023
Carousel Car Parts Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Carousel Car Parts Limited
Directors and other information
|
|
|
|
|
Directors |
Mr. Artiom Samoilov |
(Resigned 31 January 2024) |
|
|
Mr Joshua Luke Sharp |
(Appointed 12 March 2024) |
|
|
Mr Jevggenij Lyzko |
(Appointed 31 January 2024) |
|
|
|
|
|
|
|
|
|
Company number |
12167879 |
|
|
|
|
|
|
|
|
|
|
Registered office |
73 St. James Mill Road |
|
|
|
Northampton |
|
|
|
England |
|
|
|
NN5 5JP |
|
|
|
|
|
|
|
|
|
|
Accountants |
Ace Accounts & Tax Limited |
|
|
|
2 Whittle Court |
|
|
|
Knowlhill |
|
|
|
Milton Keynes |
|
|
|
MK5 8FT |
|
|
|
|
|
Carousel Car Parts Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Carousel Car Parts Limited
Period ended 31 December 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 December 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Ace Accounts & Tax Limited
Chartered Certified Accountants
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
8 August 2024
Carousel Car Parts Limited
Statement of financial position
31 December 2023
|
|
|
31/12/23 |
|
|
|
31/08/22 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
25,564 |
|
|
|
43,253 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
25,564 |
|
|
|
43,253 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
2,664,846 |
|
|
|
2,379,108 |
|
|
Debtors |
|
6 |
148,288 |
|
|
|
398,323 |
|
|
Cash at bank and in hand |
|
|
8,095 |
|
|
|
15,081 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
2,821,229 |
|
|
|
2,792,512 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
2,711,517) |
|
|
|
(
2,760,206) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
109,712 |
|
|
|
32,306 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
135,276 |
|
|
|
75,559 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
14,167) |
|
|
|
(
27,500) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
121,109 |
|
|
|
48,059 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
121,009 |
|
|
|
47,959 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
121,109 |
|
|
|
48,059 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the period 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 period 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 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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 August 2024
, and are signed on behalf of the board by:
Mr Joshua Luke Sharp
Director
Carousel Car Parts Limited
Statement of changes in equity
Period ended 31 December 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 September 2021 |
|
100 |
|
26,867 |
26,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period |
|
|
|
91,092 |
91,092 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the period |
|
- |
|
91,092 |
91,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
70,000) |
(
70,000) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
70,000) |
(
70,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2022 and 1 September 2022 |
|
100 |
|
47,959 |
48,059 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period |
|
|
|
73,050 |
73,050 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the period |
|
- |
|
73,050 |
73,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
|
100 |
|
121,009 |
121,109 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carousel Car Parts Limited
Notes to the financial statements
Period ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 73 St. James Mill Road, Northampton, England, NN5 5JP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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 |
- |
25 % |
straight line |
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
Computer equipment |
- |
33.33 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Staff costs
The average number of persons employed by the company during the period amounted to
24
(2022:
17
).
The aggregate payroll costs incurred during the period were:
|
|
|
Period |
Year |
|
|
|
ended |
ended |
|
|
|
31/12/23 |
31/08/22 |
|
|
|
£ |
£ |
|
Wages and salaries |
|
450,817 |
232,575 |
|
Social security costs |
|
33,180 |
13,972 |
|
Other pension costs |
|
5,098 |
3,519 |
|
|
|
_______ |
_______ |
|
|
|
489,095 |
250,066 |
|
|
|
_______ |
_______ |
|
|
|
|
|
5.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Computer equipment |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 September 2022 |
895 |
48,366 |
13,405 |
11,525 |
74,191 |
|
|
|
Additions |
- |
2,425 |
- |
3,447 |
5,872 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2023 |
895 |
50,791 |
13,405 |
14,972 |
80,063 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 September 2022 |
373 |
16,806 |
6,426 |
7,333 |
30,938 |
|
|
|
Charge for the year |
298 |
16,029 |
4,077 |
3,157 |
23,561 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2023 |
671 |
32,835 |
10,503 |
10,490 |
54,499 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2023 |
224 |
17,956 |
2,902 |
4,482 |
25,564 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 August 2022 |
522 |
31,560 |
6,979 |
4,192 |
43,253 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
31/12/23 |
31/08/22 |
|
|
|
£ |
£ |
|
Trade debtors |
|
15,517 |
103,233 |
|
Other debtors |
|
132,771 |
295,090 |
|
|
|
_______ |
_______ |
|
|
|
148,288 |
398,323 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
31/12/23 |
31/08/22 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
86,619 |
47,960 |
|
Trade creditors |
|
1,813,388 |
2,509,705 |
|
Corporation tax |
|
39,899 |
12,602 |
|
Social security and other taxes |
|
286,659 |
112,694 |
|
Other creditors |
|
484,952 |
77,245 |
|
|
|
_______ |
_______ |
|
|
|
2,711,517 |
2,760,206 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
31/12/23 |
31/08/22 |
|
|
|
£ |
£ |
|
Other creditors |
|
14,167 |
27,500 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the period the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period ended 31/12/23 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr. Artiom Samoilov |
(
3,444) |
40,879 |
(
37,435) |
- |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
Year ended 31/08/22 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr. Artiom Samoilov |
(
5,471) |
95,680 |
(
93,653) |
(
3,444) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|