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REGISTERED NUMBER: 06902040 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

David Carr (Durham) Limited

David Carr (Durham) Limited (Registered number: 06902040)






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


David Carr (Durham) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Carr





REGISTERED OFFICE: Kepier House
Belmont Business Park
DURHAM
DH1 1TW





REGISTERED NUMBER: 06902040 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

David Carr (Durham) Limited (Registered number: 06902040)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 603,868 799,674
603,868 799,674

CURRENT ASSETS
Debtors 6 119,445 155,099
Cash at bank 346,800 435,532
466,245 590,631
CREDITORS
Amounts falling due within one year 7 743,436 848,571
NET CURRENT LIABILITIES (277,191 ) (257,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,677

541,734

CREDITORS
Amounts falling due after more than one
year

8

(91,705

)

(330,292

)

PROVISIONS FOR LIABILITIES 11 (148,255 ) (196,580 )
NET ASSETS 86,717 14,862

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 86,617 14,762
SHAREHOLDERS' FUNDS 86,717 14,862

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 his 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.

David Carr (Durham) Limited (Registered number: 06902040)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





D Carr - Director


David Carr (Durham) Limited (Registered number: 06902040)

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

1. STATUTORY INFORMATION

David Carr (Durham) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Turnover from the provision of services is recognised at the point of the service having been provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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, machinery and equipment - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


David Carr (Durham) Limited (Registered number: 06902040)

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

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
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.

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. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

David Carr (Durham) Limited (Registered number: 06902040)

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

5. TANGIBLE FIXED ASSETS
Plant,
machinery Fixtures
and and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,259,539 46,533 332,677 1,638,749
Additions 11,845 - - 11,845
Disposals (126,075 ) - - (126,075 )
At 31 December 2023 1,145,309 46,533 332,677 1,524,519
DEPRECIATION
At 1 January 2023 531,472 31,055 276,548 839,075
Charge for year 169,214 3,303 25,682 198,199
Eliminated on disposal (116,623 ) - - (116,623 )
At 31 December 2023 584,063 34,358 302,230 920,651
NET BOOK VALUE
At 31 December 2023 561,246 12,175 30,447 603,868
At 31 December 2022 728,067 15,478 56,129 799,674

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant,
machinery
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 January 2023 1,023,749 107,243 1,130,992
Transfer to ownership (133,279 ) - (133,279 )
At 31 December 2023 890,470 107,243 997,713
DEPRECIATION
At 1 January 2023 347,007 51,115 398,122
Charge for year 133,570 25,682 159,252
Transfer to ownership (96,627 ) - (96,627 )
At 31 December 2023 383,950 76,797 460,747
NET BOOK VALUE
At 31 December 2023 506,520 30,446 536,966
At 31 December 2022 676,742 56,128 732,870

David Carr (Durham) Limited (Registered number: 06902040)

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

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors - 36,082
Prepayments and accrued income 2,061 1,633
2,061 37,715

Amounts falling due after more than one year:
Trade debtors 117,384 117,384

Aggregate amounts 119,445 155,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 228,587 229,290
Trade creditors 99,869 193,115
Taxation and social security 310,398 317,579
Other creditors 220 -
Directors' loan accounts 4,090 8,002
Accruals and deferred income 90,272 90,585
743,436 848,571

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
Hire purchase contracts (see note 9) 76,705 305,292
91,705 330,292

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 228,587 229,290
Between one and five years 76,705 305,292
305,292 534,582

David Carr (Durham) Limited (Registered number: 06902040)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 305,292 534,582

Hire purchase contracts are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 148,255 196,580

Deferred
tax
£   
Balance at 1 January 2023 196,580
Unused amounts reversed during year (48,325 )
Accelerated capital allowances
Balance at 31 December 2023 148,255

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

13. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2023 2022
£ £
Amounts due to director 4,090 8,002

No interest has been charged.