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REGISTERED NUMBER: 07131430 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

I D CARTER LIMITED

I D CARTER LIMITED (REGISTERED NUMBER: 07131430)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I D CARTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I D Carter





SECRETARY: Mrs G L Carter





REGISTERED OFFICE: Brookville
Ramsgate
CAMBORNE
Cornwall
TR14 0RQ





REGISTERED NUMBER: 07131430 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

I D CARTER LIMITED (REGISTERED NUMBER: 07131430)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,040 23,363
23,040 23,363

CURRENT ASSETS
Debtors 6 5,220 36,069
Prepayments and accrued income 192 192
Cash at bank 77,735 68,419
83,147 104,680
CREDITORS
Amounts falling due within one year 7 118,772 65,936
NET CURRENT (LIABILITIES)/ASSETS (35,625 ) 38,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,585

)

62,107

PROVISIONS FOR LIABILITIES 4,378 4,439
NET (LIABILITIES)/ASSETS (16,963 ) 57,668

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (16,965 ) 57,666
SHAREHOLDERS' FUNDS (16,963 ) 57,668

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

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

I D CARTER LIMITED (REGISTERED NUMBER: 07131430)

BALANCE SHEET - continued
31 MARCH 2024


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 11 September 2024 and were signed by:





I D Carter - Director


I D CARTER LIMITED (REGISTERED NUMBER: 07131430)

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

1. STATUTORY INFORMATION

I D Carter 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 33% on cost

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.

Going concern
The company has net liabilities and is reliant upon the continued support of its director.

I D CARTER LIMITED (REGISTERED NUMBER: 07131430)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 38,500
AMORTISATION
At 1 April 2023
and 31 March 2024 38,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 35,286 27,123 150 62,559
Additions 2,453 - - 2,453
Disposals (389 ) - - (389 )
At 31 March 2024 37,350 27,123 150 64,623
DEPRECIATION
At 1 April 2023 22,975 16,171 50 39,196
Charge for year 1,460 1,095 49 2,604
Eliminated on disposal (217 ) - - (217 )
At 31 March 2024 24,218 17,266 99 41,583
NET BOOK VALUE
At 31 March 2024 13,132 9,857 51 23,040
At 31 March 2023 12,311 10,952 100 23,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors - 11,015
Amounts to be billed - 23,480
Other debtors 5 98
Tax 1,593 -
VAT 3,622 1,476
5,220 36,069

I D CARTER LIMITED (REGISTERED NUMBER: 07131430)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 7,757 16,980
Tax - 5,161
Other creditors 9,286 9,125
Directors' current accounts 100,989 33,975
Accrued expenses 740 695
118,772 65,936