IRIS Accounts Production v24.2.0.383 12160356 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121603562023-02-28121603562024-02-29121603562023-03-012024-02-29121603562021-08-31121603562021-09-012023-02-28121603562023-02-2812160356ns15:EnglandWales2023-03-012024-02-2912160356ns14:PoundSterling2023-03-012024-02-2912160356ns10:Director12023-03-012024-02-2912160356ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2912160356ns10:SmallEntities2023-03-012024-02-2912160356ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2912160356ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2912160356ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912160356ns10:FullAccounts2023-03-012024-02-2912160356ns10:OrdinaryShareClass12023-03-012024-02-2912160356ns10:Director22023-03-012024-02-2912160356ns10:RegisteredOffice2023-03-012024-02-2912160356ns5:CurrentFinancialInstruments2024-02-2912160356ns5:CurrentFinancialInstruments2023-02-2812160356ns5:ShareCapital2024-02-2912160356ns5:ShareCapital2023-02-2812160356ns5:RetainedEarningsAccumulatedLosses2024-02-2912160356ns5:RetainedEarningsAccumulatedLosses2023-02-2812160356ns5:ComputerEquipment2023-03-012024-02-2912160356ns5:ComputerEquipment2023-02-2812160356ns5:ComputerEquipment2024-02-2912160356ns5:ComputerEquipment2023-02-2812160356ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2912160356ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2812160356ns5:DeferredTaxation2023-02-2812160356ns5:DeferredTaxation2024-02-2912160356ns10:OrdinaryShareClass12024-02-29
















CARITAS VIOLINS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






CARITAS VIOLINS LIMITED (REGISTERED NUMBER: 12160356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARITAS VIOLINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: D Allen
Miss L G Dearing





REGISTERED OFFICE: 57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 12160356 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

CARITAS VIOLINS LIMITED (REGISTERED NUMBER: 12160356)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,177 1,888

CURRENT ASSETS
Stocks 149,991 45,687
Debtors 5 1,859 -
Cash at bank 3,111 1,998
154,961 47,685
CREDITORS
Amounts falling due within one year 6 107,481 43,793
NET CURRENT ASSETS 47,480 3,892
TOTAL ASSETS LESS CURRENT LIABILITIES 49,657 5,780

PROVISIONS FOR LIABILITIES 7 400 400
NET ASSETS 49,257 5,380

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 49,157 5,280
SHAREHOLDERS' FUNDS 49,257 5,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CARITAS VIOLINS LIMITED (REGISTERED NUMBER: 12160356)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





D Allen - Director


CARITAS VIOLINS LIMITED (REGISTERED NUMBER: 12160356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Caritas Violins 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CARITAS VIOLINS LIMITED (REGISTERED NUMBER: 12160356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 2,054
Additions 1,040
At 29 February 2024 3,094
DEPRECIATION
At 1 March 2023 166
Charge for year 751
At 29 February 2024 917
NET BOOK VALUE
At 29 February 2024 2,177
At 28 February 2023 1,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,640 -
Other debtors 219 -
1,859 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 492 -
Amounts owed to associates - 3,151
Taxation and social security 26,499 16,913
Other creditors 80,490 23,729
107,481 43,793

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 400 400

Deferred
tax
£   
Balance at 1 March 2023 400
Balance at 29 February 2024 400

CARITAS VIOLINS LIMITED (REGISTERED NUMBER: 12160356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CALLED UP SHARE CAPITAL

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