Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05337210 J K Illingworth R M Finch the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05337210 2023-01-31 05337210 2024-01-31 05337210 2023-02-01 2024-01-31 05337210 frs-core:CurrentFinancialInstruments 2024-01-31 05337210 frs-core:Non-currentFinancialInstruments 2024-01-31 05337210 frs-core:ShareCapital 2024-01-31 05337210 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05337210 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05337210 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05337210 frs-bus:SmallEntities 2023-02-01 2024-01-31 05337210 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05337210 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05337210 1 2023-02-01 2024-01-31 05337210 frs-bus:Director1 2023-02-01 2024-01-31 05337210 frs-bus:Director2 2023-02-01 2024-01-31 05337210 frs-countries:EnglandWales 2023-02-01 2024-01-31 05337210 2022-01-31 05337210 2023-01-31 05337210 2022-02-01 2023-01-31 05337210 frs-core:CurrentFinancialInstruments 2023-01-31 05337210 frs-core:Non-currentFinancialInstruments 2023-01-31 05337210 frs-core:ShareCapital 2023-01-31 05337210 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05337210
Carlton Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05337210
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 244,374 244,374
Debtors 5 1,000 1,930
Cash at bank and in hand 11,177 10,133
256,551 256,437
Creditors: Amounts Falling Due Within One Year 6 (5,878 ) (5,018 )
NET CURRENT ASSETS (LIABILITIES) 250,673 251,419
TOTAL ASSETS LESS CURRENT LIABILITIES 250,673 251,419
Creditors: Amounts Falling Due After More Than One Year 7 (223,490 ) (223,490 )
NET ASSETS 27,183 27,929
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 27,083 27,829
SHAREHOLDERS' FUNDS 27,183 27,929
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 22 September 2024 and were signed on its behalf by:
J K Illingworth
Director
22nd September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Carlton Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05337210 . The registered office is Unit 8 Wheatcroft Business Park Landmere Lane, Edwalton, Nottingham, NG12 4DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Stock 244,374 244,374
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,000 1,930
1,000 1,930
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 5,878 5,018
5,878 5,018
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 223,490 223,490
223,490 223,490
8. Related Party Transactions
As at 31 January 2024 the company owed £5,172 to the directors (2023: £4,268).
9. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of the issued share capital in the company.
Page 3