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REGISTERED NUMBER: 02032121 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CARPENTER & LOWE LIMITED

CARPENTER & LOWE LIMITED (REGISTERED NUMBER: 02032121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARPENTER & LOWE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R J Carpenter





REGISTERED OFFICE: 2 Station Road West
Oxted
Surrey
RH8 9EP





REGISTERED NUMBER: 02032121 (England and Wales)





ACCOUNTANTS: McKenzies
Chartered Accountants
2 Station Road West
Oxted
Surrey
RH8 9EP

CARPENTER & LOWE LIMITED (REGISTERED NUMBER: 02032121)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,279 2,353

CURRENT ASSETS
Debtors 5 9,064 7,148
Cash at bank and in hand 46,160 36,605
55,224 43,753
CREDITORS
Amounts falling due within one year 6 8,553 10,388
NET CURRENT ASSETS 46,671 33,365
TOTAL ASSETS LESS CURRENT LIABILITIES 47,950 35,718

PROVISIONS FOR LIABILITIES 7 170 358
NET ASSETS 47,780 35,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,680 35,260
SHAREHOLDERS' FUNDS 47,780 35,360

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 23 August 2024 and were signed by:





R J Carpenter - Director


CARPENTER & LOWE LIMITED (REGISTERED NUMBER: 02032121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Carpenter & Lowe 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 represents amounts receivable for services rendered stated net of value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CARPENTER & LOWE LIMITED (REGISTERED NUMBER: 02032121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 49,518
DEPRECIATION
At 1 July 2023 47,165
Charge for year 1,074
At 30 June 2024 48,239
NET BOOK VALUE
At 30 June 2024 1,279
At 30 June 2023 2,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,064 7,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 643 729
Taxation and social security 5,840 7,749
Other creditors 2,070 1,910
8,553 10,388

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 170 358

Deferred
tax
£   
Balance at 1 July 2023 358
Provided during year (188 )
Balance at 30 June 2024 170

8. RELATED PARTY DISCLOSURES

The director has given a personal guarantee up to the value of £15,000 in respect of bank overdraft facilities.

CARPENTER & LOWE LIMITED (REGISTERED NUMBER: 02032121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R.J.Carpenter, the director of the company.