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REGISTERED NUMBER: 02754325 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CARTERBENCH PRODUCT DEVELOPMENT LIMITED

CARTERBENCH PRODUCT DEVELOPMENT LIMITED (REGISTERED NUMBER: 02754325)






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


CARTERBENCH PRODUCT DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M A Clarke
Mr R M Worthington
Ms S Robinson
Mr S Gidion
Mr J Keenan





SECRETARY: Mr R M Worthington





REGISTERED OFFICE: 11 King Edward Street
Macclesfield
Cheshire
SK10 1AQ





REGISTERED NUMBER: 02754325 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

CARTERBENCH PRODUCT DEVELOPMENT LIMITED (REGISTERED NUMBER: 02754325)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,775 8,281
Investments 6 - 1,051
7,775 9,332

CURRENT ASSETS
Debtors 7 150,038 162,795
Cash at bank and in hand 229,997 308,707
380,035 471,502
CREDITORS
Amounts falling due within one year 8 13,305 199,900
NET CURRENT ASSETS 366,730 271,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,505

280,934

PROVISIONS FOR LIABILITIES 1,366 1,438
NET ASSETS 373,139 279,496

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 372,889 279,246
373,139 279,496

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.

CARTERBENCH PRODUCT DEVELOPMENT LIMITED (REGISTERED NUMBER: 02754325)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr R M Worthington - Director


CARTERBENCH PRODUCT DEVELOPMENT LIMITED (REGISTERED NUMBER: 02754325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Carterbench Product Development Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02754325 and its registered office is at 11 King Edward Street, Macclesfield, SK10 1AQ.

2. ACCOUNTING POLICIES

Going concern
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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost

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

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.

Research and development
Development costs incurred are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on the straight line basis over the anticipated life of the benefits arising from the completed product or project.

Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the Profit and loss account.

CARTERBENCH PRODUCT DEVELOPMENT LIMITED (REGISTERED NUMBER: 02754325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 252,037
AMORTISATION
At 1 January 2023
and 31 December 2023 252,037
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 120,948
Additions 3,017
At 31 December 2023 123,965
DEPRECIATION
At 1 January 2023 112,667
Charge for year 3,523
At 31 December 2023 116,190
NET BOOK VALUE
At 31 December 2023 7,775
At 31 December 2022 8,281

CARTERBENCH PRODUCT DEVELOPMENT LIMITED (REGISTERED NUMBER: 02754325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1 January 2023 211,261 1 211,262
Disposals (211,261 ) (1 ) (211,262 )
At 31 December 2023 - - -
PROVISIONS
At 1 January 2023 210,211 - 210,211

Eliminated on disposal (210,211 ) - (210,211 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 1,050 1 1,051

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,863 33,398
Other debtors 132,175 129,397
150,038 162,795

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,995 5,729
Taxation and social security 4,402 7,671
Other creditors 6,908 186,500
13,305 199,900

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 13,300 10,293
Between one and five years 49,875 -
63,175 10,293