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REGISTERED NUMBER: 08963848 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Carters Electrical Limited

Carters Electrical Limited (Registered number: 08963848)






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


Carters Electrical Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Carter





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 08963848 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Carters Electrical Limited (Registered number: 08963848)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,847 28,186

CURRENT ASSETS
Stocks 8,000 8,500
Debtors 5 65,682 48,003
Cash at bank 11,286 7,316
84,968 63,819
CREDITORS
Amounts falling due within one year 6 42,005 72,685
NET CURRENT ASSETS/(LIABILITIES) 42,963 (8,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,810

19,320

CREDITORS
Amounts falling due after more than one
year

7

(78,343

)

(30,198

)

PROVISIONS FOR LIABILITIES (5,291 ) (4,055 )
NET LIABILITIES (12,824 ) (14,933 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (12,924 ) (15,033 )
SHAREHOLDERS' FUNDS (12,824 ) (14,933 )

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 director acknowledges his 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.

Carters Electrical Limited (Registered number: 08963848)

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 director and authorised for issue on 11 June 2024 and were signed by:





J Carter - Director


Carters Electrical Limited (Registered number: 08963848)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Carters Electrical 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.

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.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

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 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.

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.

Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. The assumption depends upon the ability of the director to maintain the necessary financial support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Carters Electrical Limited (Registered number: 08963848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 54,206
Additions 13,995
Disposals (20,995 )
At 31 March 2024 47,206
DEPRECIATION
At 1 April 2023 26,020
Charge for year 7,192
Eliminated on disposal (13,853 )
At 31 March 2024 19,359
NET BOOK VALUE
At 31 March 2024 27,847
At 31 March 2023 28,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,666 10,130
Other debtors 9,200 9,114
Directors' current accounts 51,371 27,003
Prepayments 1,445 1,756
65,682 48,003

.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,499 -
Trade creditors 5,437 7,388
Tax 644 14,949
Social security and other taxes 2,867 14,448
VAT 27,786 34,792
Other creditors 922 238
Accrued expenses 850 870
42,005 72,685

Carters Electrical Limited (Registered number: 08963848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 20,471 30,198
Hire purchase contracts 7,872 -
Other creditors 50,000 -
78,343 30,198

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1.00 100 100

9. GOING CONCERN

As explained in the accounting policies, the accounts have been prepared on a going concern basis. The ability to trade depends substantially on the continued support of the company's director. We have accepted management assurances that the director will maintain the financial support outlined above.