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REGISTERED NUMBER: 02806578 (England and Wales)









Unaudited Financial Statements

for the Period

1 January 2023 to 30 June 2024

for

Carville Limited

Carville Limited (Registered number: 02806578)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carville Limited

Company Information
for the Period 1 January 2023 to 30 June 2024







DIRECTORS: G R Campbell
A J Cox
M A Ratcliffe
S M Ratcliffe
S K Pauling


SECRETARY: S K Pauling


REGISTERED OFFICE: Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF


REGISTERED NUMBER: 02806578 (England and Wales)


ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF


BANKERS: National Westminster Bank Plc
14 High Street
Dorking
Surrey
RH4 1AX

Carville Limited (Registered number: 02806578)

Balance Sheet
30 June 2024

30.6.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 790,000 1,484,773
Investments 5 2 2
790,002 1,484,775

CURRENT ASSETS
Stocks - 629,377
Debtors 6 1,084,067 446,751
Cash at bank 2,463,978 442,422
3,548,045 1,518,550
CREDITORS
Amounts falling due within one year 7 951,239 591,452
NET CURRENT ASSETS 2,596,806 927,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,386,808

2,411,873

CREDITORS
Amounts falling due after more than one year 8 - (251,759 )

PROVISIONS FOR LIABILITIES 10 - (84,866 )
NET ASSETS 3,386,808 2,075,248

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Revaluation reserve 12 145,127 145,127
Retained earnings 12 3,231,681 1,920,121
SHAREHOLDERS' FUNDS 3,386,808 2,075,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Carville Limited (Registered number: 02806578)

Balance Sheet - continued
30 June 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 29 August 2024 and were signed on its behalf by:





A J Cox - Director


Carville Limited (Registered number: 02806578)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 June 2024

1. STATUTORY INFORMATION

Carville 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the basis that the company is no longer a going concern.

Turnover
Turnover is derived from the precision manufacturing of plastic materials. Turnover is recognised when the goods are dispatched or are available for collection by the customer.

Tangible fixed assets
Depreciation is provided at the annual rates shown below in order to write off each asset over its expected useful life. Depreciation is charged on a monthly basis from the date of acquisition.

Freehold property - in accordance with the property. Land has an indefinite useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

With the exception of freehold property, tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.Freehold land and buildings are shown in the balance sheet at deemed cost resulting from a previous GAAP valuation in accordance with the transitional provisions of FRS102 Section 1A.

At the balance sheet date the remaining fixed assets have been reviewed for impairment and stated at the lower of cost or valuation and anticipated net sale value.

Stocks
All stock has been sold by the balance sheet date.

Taxation
Taxation for the period 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.


Carville Limited (Registered number: 02806578)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 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 period 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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases under hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The creditor has been fully paid at the balance sheet date.

Rentals payable under operating leases are charged to the profit and loss account

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 period was 44 (2022 - 58 ) .

Carville Limited (Registered number: 02806578)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Computer,
Freehold Plant and fixtures Motor
property machinery & fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 790,000 2,846,437 200,496 4,395 3,841,328
Additions - 55,643 - - 55,643
Disposals - (2,856,601 ) (200,496 ) (4,395 ) (3,061,492 )
At 30 June 2024 790,000 45,479 - - 835,479
DEPRECIATION
At 1 January 2023 - 2,164,661 189,605 2,289 2,356,555
Charge for period - 208,329 8,877 1,646 218,852
Eliminated on disposal - (2,327,511 ) (198,482 ) (3,935 ) (2,529,928 )
At 30 June 2024 - 45,479 - - 45,479
NET BOOK VALUE
At 30 June 2024 790,000 - - - 790,000
At 31 December 2022 790,000 681,776 10,891 2,106 1,484,773

Cost or valuation at 30 June 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 1997 145,127 - 145,127
Cost 644,873 45,479 690,352
790,000 45,479 835,479

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.6.24 31.12.22
£    £   
Cost 644,873 644,873

Freehold land and buildings were valued on an open market basis on 21 October 1997 by Hurst Warne, RICS .

Carville Limited (Registered number: 02806578)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 January 2023 708,256
Disposals (708,256 )
At 30 June 2024 -
DEPRECIATION
At 1 January 2023 248,810
Charge for period 106,050
Eliminated on disposal (354,860 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 31 December 2022 459,446

The assets held under hire purchase and finance lease have been capitalised in accordance with accounting policies. The legal title of the asset under the agreement is held by the creditor however the rights and obligations of ownership vest with the company. All hire purchase agreements were settled during the financial period.

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023
and 30 June 2024 2
NET BOOK VALUE
At 30 June 2024 2
At 31 December 2022 2

Carville Limited (Registered number: 02806578)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Carville Diffusion Bonding Limited
Registered office: Station Road, Dorking, Surrey RH4 1HQ
Nature of business: Dormant
%
Class of shares: holding
Ordinary £1 100.00
30.6.24 31.12.22
£    £   
Aggregate capital and reserves 2 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.12.22
£    £   
Trade debtors 320,739 380,808
Other debtors 738,003 -
Prepayments 25,325 65,943
1,084,067 446,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.12.22
£    £   
Bank loans and overdrafts - 50,000
Hire purchase contracts (see note 9) - 134,357
Trade creditors 30,189 232,603
Amounts owed to group undertakings 2 2
Tax 565,003 -
Social security and other taxes 30,868 47,128
VAT 183,349 17,016
Other creditors 141,689 80,449
Accrued expenses 139 29,897
951,239 591,452

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 31.12.22
£    £   
Bank loans 2-5 years - 117,347
Hire purchase contracts (see note 9) - 134,412
- 251,759

On 1st May 2020 the company took out a loan of £250,000, under the CBIL Scheme, with National Westminster Bank. The loan was repayable over 72 months. Interest was charged at 2.42% over base rate. The interest rate in the first 12 months was 0%. The loan was repaid in full on the 22nd March 2024.

Carville Limited (Registered number: 02806578)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.24 31.12.22
£    £   
Net obligations repayable:
Within one year - 134,357
Between one and five years - 134,412
- 268,769

10. PROVISIONS FOR LIABILITIES
30.6.24 31.12.22
£    £   
Deferred tax - 84,866

Deferred
tax
£   
Balance at 1 January 2023 84,866
Credit to Income Statement during period (84,866 )
Balance at 30 June 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 31.12.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 1,920,121 145,127 2,065,248
Profit for the period 1,311,560 - 1,311,560
At 30 June 2024 3,231,681 145,127 3,376,808

13. RELATED PARTY DISCLOSURES

ExTangent Limited
M A Ratcliffe and S M Ratcliffe are directors, and S M Ratcliffe is a 50% shareholder of ExTangent Limited which owns 50% of the share capital of Carville Limited. ExTangent Limited is in voluntary liquidation at the date of approval of these financial statements..

Carville Limited (Registered number: 02806578)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

14. POST BALANCE SHEET EVENTS

Subsequent to the balance sheet date the property has been sold and the company will start the process of a Members Voluntary Liquidation in September 2024.