1 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03143887 2023-02-01 2024-01-31 03143887 2024-01-31 03143887 2023-01-31 03143887 2022-02-01 2023-01-31 03143887 2023-01-31 03143887 2022-01-31 03143887 core:IntangibleAssetsOtherThanGoodwill 2023-02-01 2024-01-31 03143887 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 03143887 core:MotorVehicles 2023-02-01 2024-01-31 03143887 bus:RegisteredOffice 2023-02-01 2024-01-31 03143887 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 03143887 bus:Director1 2023-02-01 2024-01-31 03143887 core:IntangibleAssetsOtherThanGoodwill 2023-01-31 03143887 core:IntangibleAssetsOtherThanGoodwill 2024-01-31 03143887 core:FurnitureFittingsToolsEquipment 2023-01-31 03143887 core:MotorVehicles 2023-01-31 03143887 core:FurnitureFittingsToolsEquipment 2024-01-31 03143887 core:MotorVehicles 2024-01-31 03143887 core:WithinOneYear 2024-01-31 03143887 core:WithinOneYear 2023-01-31 03143887 core:AfterOneYear 2024-01-31 03143887 core:AfterOneYear 2023-01-31 03143887 core:ShareCapital 2024-01-31 03143887 core:ShareCapital 2023-01-31 03143887 core:RetainedEarningsAccumulatedLosses 2024-01-31 03143887 core:RetainedEarningsAccumulatedLosses 2023-01-31 03143887 core:IntangibleAssetsOtherThanGoodwill 2023-01-31 03143887 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 03143887 core:Non-currentFinancialInstruments 2024-01-31 03143887 core:Non-currentFinancialInstruments 2023-01-31 03143887 core:FurnitureFittingsToolsEquipment 2023-01-31 03143887 core:MotorVehicles 2023-01-31 03143887 bus:SmallEntities 2023-02-01 2024-01-31 03143887 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03143887 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03143887 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03143887 bus:FullAccounts 2023-02-01 2024-01-31 03143887 1 2023-02-01 2024-01-31
Company registration number: 03143887
Carrington Projects Limited
Unaudited filleted financial statements
31 January 2024
Carrington Projects Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Carrington Projects Limited
Directors and other information
Director L. J. Carrington
Company number 03143887
Registered office Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Business address 13 Park Avenue
Northampton
Northamptonshire
NN3 2BX
Accountants Hill Allen (Wickford) Ltd
Office 1 Riverside Court
24 Lower Southend Road
Wickford
Essex
SS11 8AW
Bankers Barclays Bank plc
Basildon Branch
Leiceser
LE87 2BB
Carrington Projects Limited
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 901 1,209
Tangible assets 6 4,785 6,380
Investments 7 200 200
_______ _______
5,886 7,789
Current assets
Stocks 250 2,695
Debtors 8 832 3,366
Cash at bank and in hand 780 4,302
_______ _______
1,862 10,363
Creditors: amounts falling due
within one year 9 ( 28,410) ( 17,588)
_______ _______
Net current liabilities ( 26,548) ( 7,225)
_______ _______
Total assets less current liabilities ( 20,662) 564
Creditors: amounts falling due
after more than one year 10 ( 4,600) ( 7,600)
_______ _______
Net liabilities ( 25,262) ( 7,036)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 25,264) ( 7,038)
_______ _______
Shareholder deficit ( 25,262) ( 7,036)
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 September 2024 , and are signed on behalf of the board by:
L. J. Carrington
Director
Company registration number: 03143887
Carrington Projects Limited
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in UK. The address of the registered office is Office 1 Riverside Court, 24 Lower Southend Road, Wickford, SS11 8AW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents & Trademarks - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research and development expenditure is written off in the year in which it is incurred.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 February 2023 and 31 January 2024 3,085 3,085
_______ _______
Amortisation
At 1 February 2023 1,876 1,876
Charge for the year 308 308
_______ _______
At 31 January 2024 2,184 2,184
_______ _______
Carrying amount
At 31 January 2024 901 901
_______ _______
At 31 January 2023 1,209 1,209
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2023 and 31 January 2024 13,675 14,500 28,175
_______ _______ _______
Depreciation
At 1 February 2023 13,004 8,791 21,795
Charge for the year 168 1,427 1,595
_______ _______ _______
At 31 January 2024 13,172 10,218 23,390
_______ _______ _______
Carrying amount
At 31 January 2024 503 4,282 4,785
_______ _______ _______
At 31 January 2023 671 5,709 6,380
_______ _______ _______
7. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 February 2023 and 31 January 2024 200 200
_______ _______
Impairment
At 1 February 2023 and 31 January 2024 - -
_______ _______
Carrying amount
At 31 January 2024 200 200
_______ _______
At 31 January 2023 200 200
_______ _______
8. Debtors
2024 2023
£ £
Trade debtors 109 -
Other debtors 723 3,366
_______ _______
832 3,366
_______ _______
9. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Trade creditors 12,865 14,139
Social security and other taxes 115 223
Other creditors 12,430 226
_______ _______
28,410 17,588
_______ _______
10. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 4,600 7,600
_______ _______
11. Controlling party
The company is controlled by the director L Carrington by reason of his shareholding.