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Registered number: 07370637
Carlisle Lodge Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07370637
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 195,000 227,500
Tangible Assets 5 33,501 28,368
228,501 255,868
CURRENT ASSETS
Stocks 6 510 310
Debtors 7 158,318 64,980
Cash at bank and in hand 37,273 1,803
196,101 67,093
Creditors: Amounts Falling Due Within One Year 8 (176,049 ) (98,079 )
NET CURRENT ASSETS (LIABILITIES) 20,052 (30,986 )
TOTAL ASSETS LESS CURRENT LIABILITIES 248,553 224,882
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,939 ) (4,138 )
NET ASSETS 241,614 220,744
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 240,614 219,744
SHAREHOLDERS' FUNDS 241,614 220,744
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs D Lawson
Director
09/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Carlisle Lodge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07370637 . The registered office is 103 Carlisle Road, Eastbourne, BN20 7TD.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Paragraph 19.23(a) of FRS 102 states that goodwill shall be considered to have a finite useful life and in the exceptional cases when an entity is unable to make a reliable estimate of the useful life, the life shall not exceed 10 years. In 2010, the company decided that in accordance with FRSSE the goodwill had an economic life of 20 years. At 31 March 2024 the carrying amount for the goodwill is therefore £195,000 and has a remaining useful life of 6 years. The company considers there is evidence to support the remaining useful economic life of 6 years and provides adequate evidence to support this. It is therefore not required to adjust the expected amortisation profile.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:
Plant & Machinery 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33.33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 32 (2023: 32)
32 32
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 650,000
As at 31 March 2024 650,000
Amortisation
As at 1 April 2023 422,500
Provided during the period 32,500
As at 31 March 2024 455,000
Net Book Value
As at 31 March 2024 195,000
As at 1 April 2023 227,500
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 144,217 27,401 7,434 179,052
Additions 12,770 429 1,297 14,496
As at 31 March 2024 156,987 27,830 8,731 193,548
Depreciation
As at 1 April 2023 128,055 16,588 6,041 150,684
Provided during the period 5,786 2,188 1,389 9,363
As at 31 March 2024 133,841 18,776 7,430 160,047
Net Book Value
As at 31 March 2024 23,146 9,054 1,301 33,501
As at 1 April 2023 16,162 10,813 1,393 28,368
6. Stocks
2024 2023
£ £
Stock 510 310
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 148,604 50,787
Other debtors - 4,991
Prepayments 9,714 9,202
158,318 64,980
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 27,678 14,355
Corporation tax 42,858 -
Other taxes and social security 13,585 12,809
...CONTINUED
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Other creditors 79,289 58,100
Accruals and deferred income 12,463 12,695
Director's loan account 176 120
176,049 98,079
9. Pension Commitments
The company operates a defined contribution pension scheme for the employess of the company. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,597 (2023 - £2,212) were due to the fund. They are included in Other Creditors.
10. Related Party Transactions
During the year the director introduced funds to the company totalling £56 (2023 - (£90)). At the year end the balance due to the director amounted to £176 (2023 - £120). This loan is interest free and repayable on demand.
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