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REGISTERED NUMBER: 11512972 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Carless & Adams Limited

Carless & Adams Limited (Registered number: 11512972)






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


Carless & Adams Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs M L Magee





REGISTERED OFFICE: 6 Progress Business Centre
Whittle Parkway
Bath Road
Slough
Berkshire
SL1 6DQ





REGISTERED NUMBER: 11512972 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Carless & Adams Limited (Registered number: 11512972)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 35,822 37,864

CURRENT ASSETS
Stocks 44,993 45,999
Debtors 5 243,976 253,713
Cash at bank 224,498 275,767
513,467 575,479
CREDITORS
Amounts falling due within one year 6 (284,265 ) (300,660 )
NET CURRENT ASSETS 229,202 274,819
TOTAL ASSETS LESS CURRENT LIABILITIES 265,024 312,683

CREDITORS
Amounts falling due after more than one year 7 (45,660 ) (89,365 )

PROVISIONS FOR LIABILITIES (8,577 ) (9,466 )
NET ASSETS 210,787 213,852

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 210,687 213,752
210,787 213,852

Carless & Adams Limited (Registered number: 11512972)

Balance Sheet - continued
31 March 2024


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 director acknowledges her 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.

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 director and authorised for issue on 31 July 2024 and were signed by:





Mrs M L Magee - Director


Carless & Adams Limited (Registered number: 11512972)

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

1. STATUTORY INFORMATION

Carless & Adams 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
The turnover shown in the profit and loss account represents the value of all services delivered during the year, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Tangible assets are included at cost less depreciation and impairment.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

The work in progress figure represents the percentage of work that has been completed based on the quoted fee against what has already been invoiced.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except
for investments in non-convertible preference and non-puttable preference and ordinary shares, which
are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments
are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.


Carless & Adams Limited (Registered number: 11512972)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 64,321
Additions 15,966
At 31 March 2024 80,287
DEPRECIATION
At 1 April 2023 26,457
Charge for year 18,008
At 31 March 2024 44,465
NET BOOK VALUE
At 31 March 2024 35,822
At 31 March 2023 37,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 223,093 241,968
Other debtors 20,883 11,745
243,976 253,713

Carless & Adams Limited (Registered number: 11512972)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 43,589 40,888
Trade creditors 9,988 18,650
Taxation and social security 156,934 132,495
Other creditors 73,754 108,627
284,265 300,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 45,660 89,365

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 38,780 36,841
Between one and five years 155,120 147,364
In more than five years 138,962 168,855
332,862 353,060

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M L Magee.