0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 285,000 110,000 395,000 395,000 285,000 xbrli:pure xbrli:shares iso4217:GBP 00756539 2023-01-01 2023-12-31 00756539 2023-12-31 00756539 2022-12-31 00756539 2022-01-01 2022-12-31 00756539 2022-12-31 00756539 2021-12-31 00756539 bus:Director2 2023-01-01 2023-12-31 00756539 bus:Director3 2023-01-01 2023-12-31 00756539 core:WithinOneYear 2023-12-31 00756539 core:WithinOneYear 2022-12-31 00756539 core:AfterOneYear 2023-12-31 00756539 core:AfterOneYear 2022-12-31 00756539 core:ShareCapital 2023-12-31 00756539 core:ShareCapital 2022-12-31 00756539 core:RevaluationReserve 2023-12-31 00756539 core:RevaluationReserve 2022-12-31 00756539 core:RetainedEarningsAccumulatedLosses 2023-12-31 00756539 core:RetainedEarningsAccumulatedLosses 2022-12-31 00756539 core:LandBuildings 2023-12-31 00756539 core:LandBuildings 2022-12-31 00756539 core:LandBuildings 2022-12-31 00756539 core:LandBuildings 2023-01-01 2023-12-31 00756539 bus:SmallEntities 2023-01-01 2023-12-31 00756539 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00756539 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00756539 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00756539 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 00756539
Carlisle Bros. (Sandiacre)
Filleted Unaudited Financial Statements
31 December 2023
Carlisle Bros. (Sandiacre)
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
395,000
285,000
Current assets
Debtors
5
3,000
7,000
Cash at bank and in hand
5
1,876
-------
-------
3,005
8,876
Creditors: amounts falling due within one year
6
78,903
76,858
--------
--------
Net current liabilities
75,898
67,982
---------
---------
Total assets less current liabilities
319,102
217,018
Creditors: amounts falling due after more than one year
7
27,215
35,900
Provisions
Taxation including deferred tax
53,965
---------
---------
Net assets
237,922
181,118
---------
---------
Capital and reserves
Called up share capital
3,000
3,000
Revaluation reserve
269,407
193,372
Profit and loss account
( 34,485)
( 15,254)
---------
---------
Shareholders funds
237,922
181,118
---------
---------
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.
For the year 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 year 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 .
Carlisle Bros. (Sandiacre)
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 30 April 2024 , and are signed on behalf of the board by:
Mr S Carlisle
Mrs E Fish
Director
Director
Company registration number: 00756539
Carlisle Bros. (Sandiacre)
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents received, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Land and buildings
£
Cost or valuation
At 1 January 2023
285,000
Revaluations
110,000
---------
At 31 December 2023
395,000
---------
Depreciation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
395,000
---------
At 31 December 2022
285,000
---------
5. Debtors
2023
2022
£
£
Other debtors
3,000
7,000
-------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,050
9,500
Amounts owed to group undertakings and undertakings in which the company has a participating interest
66,884
64,814
Corporation tax
1,119
1,694
Other creditors
850
850
--------
--------
78,903
76,858
--------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
27,215
35,900
--------
--------