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REGISTERED NUMBER: 02529416 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

R A CARNELL LIMITED

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R A CARNELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







Directors: Mrs P A Carnell
Mr R A Carnell
Ms T Carnell





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 02529416 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 121,934 125,595
Investments 5 1 1
121,935 125,596

Current assets
Debtors 6 6,408 23,220
Cash at bank 47,291 30,428
53,699 53,648
Creditors
Amounts falling due within one year 7 (80,705 ) (83,465 )
Net current liabilities (27,006 ) (29,817 )
Total assets less current liabilities 94,929 95,779

Creditors
Amounts falling due after more than one
year

8

(48,682

)

(58,099

)
Net assets 46,247 37,680

Capital and reserves
Called up share capital 10 100 100
Retained earnings 46,147 37,580
Shareholders' funds 46,247 37,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 2 September 2024 and were signed on its behalf by:





Mr R A Carnell - Director


R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

R A Carnell 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.

Preparation of consolidated financial statements
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - straight line over 3 years
Fixtures and fittings - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less provision for any impairments.

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.

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 4 (2023 - 4 ) .

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
Cost
At 1 February 2023
and 31 January 2024 154,520 11,855 1,949 168,324
Depreciation
At 1 February 2023 30,321 11,828 580 42,729
Charge for year 3,090 27 544 3,661
At 31 January 2024 33,411 11,855 1,124 46,390
Net book value
At 31 January 2024 121,109 - 825 121,934
At 31 January 2023 124,199 27 1,369 125,595

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
Cost
At 1 February 2023
and 31 January 2024 1
Net book value
At 31 January 2024 1
At 31 January 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 3,648 13,900
Social security and other taxes 1,923 3,612
Tax - 1,567
Prepayments and accrued income 837 4,141
6,408 23,220

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans 11,316 11,316
Trade creditors 1,462 139
Tax 9,487 7,484
VAT 18,846 8,293
Other creditors 4,346 3,692
Directors' loan accounts 24,979 52,541
Accrued expenses 10,269 -
80,705 83,465

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 11,316 11,316
Bank loans - 2-5 years 37,366 46,783
48,682 58,099

The bank loan is secured by a fixed and floating charge over the assets of the company, including a first legal charge over the freehold property.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Mortgage 40,870 43,831
Bank loan 6,250 7,750
47,120 51,581

Debentures

The bank holds a debenture providing a fixed and floating charge against the assets and book debts of the company. The debenture covers all liabilities of the company, present and future to the bank.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
Mr R A Carnell
Balance outstanding at start of year (52,541 ) (34,282 )
Amounts advanced 59,311 38,000
Amounts repaid (31,749 ) (56,259 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,979 ) (52,541 )