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Registered number: 08962927
Carrington Foods Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
48 Castle Street
Canterbury
Kent
CT1 2PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08962927
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 161
- 161
CURRENT ASSETS
Stocks 5 5,623 11,436
Debtors 6 2,339 1,067
Cash at bank and in hand 11,920 3,942
19,882 16,445
Creditors: Amounts Falling Due Within One Year 7 (1,640 ) (1,100 )
NET CURRENT ASSETS (LIABILITIES) 18,242 15,345
TOTAL ASSETS LESS CURRENT LIABILITIES 18,242 15,506
NET ASSETS 18,242 15,506
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium account 6,000 6,000
Profit and Loss Account 12,142 9,406
SHAREHOLDERS' FUNDS 18,242 15,506
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
On behalf of the board
Dominic Winter
Director
19 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Carrington Foods Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08962927 . The registered office is Poplar Hall, Goodnestone, Faversham, ME13 9BU.
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
Computer Equipment 3 years straight line
2.4. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable 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 year 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.
Current 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 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: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,438 483 1,921
As at 31 March 2024 1,438 483 1,921
Depreciation
As at 1 April 2023 1,438 322 1,760
Provided during the period - 161 161
As at 31 March 2024 1,438 483 1,921
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - 161 161
5. Stocks
2024 2023
£ £
Finished goods 5,623 11,436
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 364 66
Prepayments and accrued income 790 378
VAT 1,185 623
2,339 1,067
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 355 420
Corporation tax 852 57
Accruals and deferred income 325 325
Director's loan account 108 298
1,640 1,100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Dominic Winter 1,000 2,000
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