IRIS Accounts Production v24.2.0.383 09180851 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091808512023-03-31091808512024-03-31091808512023-04-012024-03-31091808512022-03-31091808512022-04-012023-03-31091808512023-03-3109180851ns15:EnglandWales2023-04-012024-03-3109180851ns14:PoundSterling2023-04-012024-03-3109180851ns10:Director12023-04-012024-03-3109180851ns10:Director22023-04-012024-03-3109180851ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109180851ns10:SmallEntities2023-04-012024-03-3109180851ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109180851ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109180851ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109180851ns10:FullAccounts2023-04-012024-03-310918085112023-04-012024-03-3109180851ns10:OrdinaryShareClass12023-04-012024-03-3109180851ns10:OrdinaryShareClass22023-04-012024-03-3109180851ns10:OrdinaryShareClass32023-04-012024-03-3109180851ns10:Director32023-04-012024-03-3109180851ns10:Director42023-04-012024-03-3109180851ns10:Director52023-04-012024-03-3109180851ns10:RegisteredOffice2023-04-012024-03-3109180851ns5:CurrentFinancialInstruments2024-03-3109180851ns5:CurrentFinancialInstruments2023-03-3109180851ns5:Non-currentFinancialInstruments2024-03-3109180851ns5:Non-currentFinancialInstruments2023-03-3109180851ns5:ShareCapital2024-03-3109180851ns5:ShareCapital2023-03-3109180851ns5:SharePremium2024-03-3109180851ns5:SharePremium2023-03-3109180851ns5:RevaluationReserve2024-03-3109180851ns5:RevaluationReserve2023-03-3109180851ns5:RetainedEarningsAccumulatedLosses2024-03-3109180851ns5:RetainedEarningsAccumulatedLosses2023-03-3109180851ns5:NetGoodwill2023-04-012024-03-3109180851ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109180851ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-012024-03-3109180851ns5:FurnitureFittings2023-04-012024-03-3109180851ns5:MotorVehicles2023-04-012024-03-3109180851ns5:ComputerEquipment2023-04-012024-03-3109180851ns5:NetGoodwill2023-03-3109180851ns5:IntangibleAssetsOtherThanGoodwill2023-03-3109180851ns5:NetGoodwill2024-03-3109180851ns5:IntangibleAssetsOtherThanGoodwill2024-03-3109180851ns5:NetGoodwill2023-03-3109180851ns5:IntangibleAssetsOtherThanGoodwill2023-03-3109180851ns5:FurnitureFittings2023-03-3109180851ns5:MotorVehicles2023-03-3109180851ns5:ComputerEquipment2023-03-3109180851ns5:FurnitureFittings2024-03-3109180851ns5:MotorVehicles2024-03-3109180851ns5:ComputerEquipment2024-03-3109180851ns5:FurnitureFittings2023-03-3109180851ns5:MotorVehicles2023-03-3109180851ns5:ComputerEquipment2023-03-3109180851ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109180851ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109180851ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3109180851ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3109180851ns5:WithinOneYear2024-03-3109180851ns5:WithinOneYear2023-03-3109180851ns5:BetweenOneFiveYears2024-03-3109180851ns5:BetweenOneFiveYears2023-03-3109180851ns5:AllPeriods2024-03-3109180851ns5:AllPeriods2023-03-3109180851ns10:OrdinaryShareClass12024-03-3109180851ns10:OrdinaryShareClass22024-03-3109180851ns10:OrdinaryShareClass32024-03-3109180851ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 09180851 (England and Wales)















CARTER OSBORNE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CARTER OSBORNE LIMITED (REGISTERED NUMBER: 09180851)






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


CARTER OSBORNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A W Evans
Mr A J Gibson
Mr R Veja
Mr L A Muir
Mr N J Clark





REGISTERED OFFICE: 59 Midland Road
Wellingborough
Northamptonshire
NN8 1HF





REGISTERED NUMBER: 09180851 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

CARTER OSBORNE LIMITED (REGISTERED NUMBER: 09180851)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 266,770 402,030
Tangible assets 5 102,247 57,439
369,017 459,469

CURRENT ASSETS
Debtors 6 324,343 269,759
Cash at bank and in hand 145,471 199,788
469,814 469,547
CREDITORS
Amounts falling due within one year 7 389,360 283,169
NET CURRENT ASSETS 80,454 186,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,471

645,847

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(21,645

)

PROVISIONS FOR LIABILITIES (18,967 ) (7,280 )
NET ASSETS 418,837 616,922

CAPITAL AND RESERVES
Called up share capital 10 390 390
Share premium 25,955 25,955
Revaluation reserve 11 265,520 398,280
Retained earnings 126,972 192,297
SHAREHOLDERS' FUNDS 418,837 616,922

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 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.

CARTER OSBORNE LIMITED (REGISTERED NUMBER: 09180851)

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 Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:




Mr A J Gibson - Director



Mr L A Muir - Director


CARTER OSBORNE LIMITED (REGISTERED NUMBER: 09180851)

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

1. STATUTORY INFORMATION

Carter Osborne 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1 sterling .

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from legal services are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured over time.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Goodwill acquired in 2017 is being amortised over its estimated useful life of five 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

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.


CARTER OSBORNE LIMITED (REGISTERED NUMBER: 09180851)

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

2. ACCOUNTING POLICIES - continued
Deferred taxation
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.

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 24 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 1,352,800 10,000 1,362,800
AMORTISATION
At 1 April 2023 954,520 6,250 960,770
Charge for year 132,760 2,500 135,260
At 31 March 2024 1,087,280 8,750 1,096,030
NET BOOK VALUE
At 31 March 2024 265,520 1,250 266,770
At 31 March 2023 398,280 3,750 402,030

Cost or valuation at 31 March 2024 is represented by:

Other
intangible
Goodwill assets Totals
£    £    £   
Valuation in 2018 663,800 - 663,800
Cost 689,000 10,000 699,000
1,352,800 10,000 1,362,800

CARTER OSBORNE LIMITED (REGISTERED NUMBER: 09180851)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 43,108 32,500 11,699 87,307
Additions 3,511 70,820 10,248 84,579
Disposals (12,099 ) - (2,238 ) (14,337 )
At 31 March 2024 34,520 103,320 19,709 157,549
DEPRECIATION
At 1 April 2023 21,759 4,740 3,369 29,868
Charge for year 3,071 22,879 5,406 31,356
Eliminated on disposal (4,889 ) - (1,033 ) (5,922 )
At 31 March 2024 19,941 27,619 7,742 55,302
NET BOOK VALUE
At 31 March 2024 14,579 75,701 11,967 102,247
At 31 March 2023 21,349 27,760 8,330 57,439

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 238,668 225,968
Amounts recoverable on contract 67,049 23,216
Other debtors 1,381 4,947
Staff Loans 2,050 8,175
Tax - 440
Prepayments and accrued income 15,195 7,013
324,343 269,759

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,212 16,956
Other loans 162 6,162
Trade creditors 79,753 28,222
Tax 161,479 129,428
Social security and other taxes 14,744 12,357
VAT 79,254 75,138
Other creditors 2,230 1,629
Directors' current accounts 92 782
Accruals and deferred income 11,434 12,495
389,360 283,169

CARTER OSBORNE LIMITED (REGISTERED NUMBER: 09180851)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 11,667 21,645

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,665 16,665
Between one and five years 53,295 53,295
69,960 69,960

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary A £1 150 150
150 Ordinary B £1 150 150
90 Ordinary C £1 90 90
390 390

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023 398,280
Amortisation (132,760 )

At 31 March 2024 265,520

12. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors Mr A J Gibson and Mr L A Muir.