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REGISTERED NUMBER: SC235839 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Carlyle Associates Limited

Carlyle Associates Limited (Registered number: SC235839)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Carlyle Associates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Carlyle
Mrs C-A Searles
F James-Martin





REGISTERED OFFICE: 32 Charlotte Square
Edinburgh
Midlothian
EH2 4ET





REGISTERED NUMBER: SC235839 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Carlyle Associates Limited (Registered number: SC235839)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,172 158,700
Investments 5 70,000 70,000
194,172 228,700

CURRENT ASSETS
Debtors 6 593,275 516,251
Cash at bank 1,054,894 597,471
1,648,169 1,113,722
CREDITORS
Amounts falling due within one year 7 696,953 356,766
NET CURRENT ASSETS 951,216 756,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,145,388

985,656

CREDITORS
Amounts falling due after more than one
year

8

-

(39,344

)

PROVISIONS FOR LIABILITIES (31,043 ) (30,153 )
NET ASSETS 1,114,345 916,159

CAPITAL AND RESERVES
Called up share capital 106 107
Share premium 59,310 71,606
Retained earnings 1,054,929 844,446
SHAREHOLDERS' FUNDS 1,114,345 916,159

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 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.

Carlyle Associates Limited (Registered number: SC235839)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




D Carlyle - Director F James-Martin - Director




Mrs C-A Searles - Director


Carlyle Associates Limited (Registered number: SC235839)

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

1. STATUTORY INFORMATION

Carlyle Associates Limited is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost
Computer equipments - 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party tothe contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , whenthere is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2022 - 13 ) .

Carlyle Associates Limited (Registered number: SC235839)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipments Totals
£    £    £    £   
COST
At 1 January 2023 31,365 171,818 93,510 296,693
Additions - - 2,491 2,491
At 31 December 2023 31,365 171,818 96,001 299,184
DEPRECIATION
At 1 January 2023 26,925 38,155 72,913 137,993
Charge for year 2,116 24,104 10,799 37,019
At 31 December 2023 29,041 62,259 83,712 175,012
NET BOOK VALUE
At 31 December 2023 2,324 109,559 12,289 124,172
At 31 December 2022 4,440 133,663 20,597 158,700

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 70,000
NET BOOK VALUE
At 31 December 2023 70,000
At 31 December 2022 70,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 544,249 476,219
Other debtors 347 4,578
Prepayments and accrued income 48,679 35,454
593,275 516,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 9) 39,344 10,462
Trade creditors 129,557 88,152
Tax 174,742 104,570
Social security and other taxes - 19,068
VAT 87,666 80,254
Other creditors 47,399 50,985
Directors' current accounts 93,101 -
Accrued expenses 125,144 3,275
696,953 356,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 9) - 39,344

Carlyle Associates Limited (Registered number: SC235839)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

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

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 39,344 10,462
Between one and five years - 39,344
39,344 49,806