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REGISTERED NUMBER: 10054536 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CARTER REVIVALS LIMITED

CARTER REVIVALS LIMITED (REGISTERED NUMBER: 10054536)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARTER REVIVALS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs R C H Charles





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 10054536 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

CARTER REVIVALS LIMITED (REGISTERED NUMBER: 10054536)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,609 20,060

CURRENT ASSETS
Debtors 5 216,481 308,963
Cash at bank 180,861 98,156
397,342 407,119
CREDITORS
Amounts falling due within one year 6 176,204 289,727
NET CURRENT ASSETS 221,138 117,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,747

137,452

CREDITORS
Amounts falling due after more than one
year

7

(22,447

)

(36,586

)

PROVISIONS FOR LIABILITIES 8 (4,652 ) (3,811 )
NET ASSETS 212,648 97,055

CAPITAL AND RESERVES
Called up share capital 5 4
Retained earnings 212,643 97,051
SHAREHOLDERS' FUNDS 212,648 97,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CARTER REVIVALS LIMITED (REGISTERED NUMBER: 10054536)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





Mrs R C H Charles - Director


CARTER REVIVALS LIMITED (REGISTERED NUMBER: 10054536)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Carter Revivals 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

CARTER REVIVALS LIMITED (REGISTERED NUMBER: 10054536)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 5,438 20,025 25,463
Additions 2,845 - 2,845
At 31 December 2023 8,283 20,025 28,308
DEPRECIATION
At 1 January 2023 1,478 3,925 5,403
Charge for year 1,156 3,140 4,296
At 31 December 2023 2,634 7,065 9,699
NET BOOK VALUE
At 31 December 2023 5,649 12,960 18,609
At 31 December 2022 3,960 16,100 20,060

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 20,025
DEPRECIATION
At 1 January 2023 3,925
Charge for year 3,140
At 31 December 2023 7,065
NET BOOK VALUE
At 31 December 2023 12,960
At 31 December 2022 16,100

CARTER REVIVALS LIMITED (REGISTERED NUMBER: 10054536)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,232 274,023
Jaco Property Ltd 115,004 34,940
Charles Piton Ltd 6,245 -
216,481 308,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,141 9,891
Hire purchase contracts 4,005 4,005
Trade creditors 67,942 21,579
Tax 45,173 6,330
Social security and other taxes 598 598
VAT 35,273 43,631
Other creditors 204 204
Charles Piton Ltd - 200,000
Directors' loan accounts 10,368 1,489
Accrued expenses 2,500 2,000
176,204 289,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,398 10,142
Bank loans - 2-5 years 4,373 14,763
Hire purchase contracts 7,676 11,681
22,447 36,586

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,652 3,811

Deferred
tax
£   
Balance at 1 January 2023 3,811
Accelerated capital allowances 841
Balance at 31 December 2023 4,652

CARTER REVIVALS LIMITED (REGISTERED NUMBER: 10054536)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

In the year under review, the company rendered services totalling £349,242 (2022: £182,671) to
Charles Piton Limited.

The company also rendered services totalling £184,543 (2022: £31,298) to
Charles Piton (London&Kent) Limited.

All companies are under the common control and traded on normal commercial terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R C H Charles.