IRIS Accounts Production v24.2.0.383 03724755 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037247552023-03-31037247552024-03-31037247552023-04-012024-03-31037247552022-03-31037247552022-04-012023-03-31037247552023-03-3103724755ns15:EnglandWales2023-04-012024-03-3103724755ns14:PoundSterling2023-04-012024-03-3103724755ns10:Director12023-04-012024-03-3103724755ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103724755ns10:SmallEntities2023-04-012024-03-3103724755ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103724755ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103724755ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103724755ns10:FullAccounts2023-04-012024-03-3103724755ns10:OrdinaryShareClass12023-04-012024-03-3103724755ns10:Director22023-04-012024-03-3103724755ns10:CompanySecretary12023-04-012024-03-3103724755ns10:RegisteredOffice2023-04-012024-03-3103724755ns5:CurrentFinancialInstruments2024-03-3103724755ns5:CurrentFinancialInstruments2023-03-3103724755ns5:Non-currentFinancialInstruments2024-03-3103724755ns5:Non-currentFinancialInstruments2023-03-3103724755ns5:ShareCapital2024-03-3103724755ns5:ShareCapital2023-03-3103724755ns5:RetainedEarningsAccumulatedLosses2024-03-3103724755ns5:RetainedEarningsAccumulatedLosses2023-03-3103724755ns5:PlantMachinery2023-03-3103724755ns5:FurnitureFittings2023-03-3103724755ns5:MotorVehicles2023-03-3103724755ns5:ComputerEquipment2023-03-3103724755ns5:PlantMachinery2023-04-012024-03-3103724755ns5:FurnitureFittings2023-04-012024-03-3103724755ns5:MotorVehicles2023-04-012024-03-3103724755ns5:ComputerEquipment2023-04-012024-03-3103724755ns5:PlantMachinery2024-03-3103724755ns5:FurnitureFittings2024-03-3103724755ns5:MotorVehicles2024-03-3103724755ns5:ComputerEquipment2024-03-3103724755ns5:PlantMachinery2023-03-3103724755ns5:FurnitureFittings2023-03-3103724755ns5:MotorVehicles2023-03-3103724755ns5:ComputerEquipment2023-03-3103724755ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103724755ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103724755ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3103724755ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3103724755ns5:DeferredTaxation2023-03-3103724755ns5:DeferredTaxation2023-04-012024-03-3103724755ns5:DeferredTaxation2024-03-3103724755ns10:OrdinaryShareClass12024-03-3103724755ns10:Director222023-03-3103724755ns10:Director222022-03-3103724755ns10:Director222023-04-012024-03-3103724755ns10:Director222022-04-012023-03-3103724755ns10:Director222024-03-3103724755ns10:Director222023-03-31
REGISTERED NUMBER: 03724755 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

K J CARTER LIMITED

K J CARTER LIMITED (REGISTERED NUMBER: 03724755)






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


K J CARTER LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr K J Carter





SECRETARY: Mrs E J Carter





REGISTERED OFFICE: 4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





REGISTERED NUMBER: 03724755 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

K J CARTER LIMITED (REGISTERED NUMBER: 03724755)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,774 51,518

CURRENT ASSETS
Stocks 5 60,261 31,870
Debtors 6 2,141,807 1,517,635
Cash at bank 74,814 693,308
2,276,882 2,242,813
CREDITORS
Amounts falling due within one year 7 432,653 461,498
NET CURRENT ASSETS 1,844,229 1,781,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,888,003

1,832,833

CREDITORS
Amounts falling due after more than one
year

8

(24,057

)

(28,830

)

PROVISIONS FOR LIABILITIES 9 (5,601 ) (5,556 )
NET ASSETS 1,858,345 1,798,447

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,858,245 1,798,347
SHAREHOLDERS' FUNDS 1,858,345 1,798,447

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.

K J CARTER LIMITED (REGISTERED NUMBER: 03724755)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





Mrs E J Carter - Director


K J CARTER LIMITED (REGISTERED NUMBER: 03724755)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

K J Carter 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and Machinery - 20% reducing balance
Computer Equipment - 20% reducing balance
Fixtures and Fittings - 20% reducing balance
Motor Vehicles - between 12.5% and 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

K J CARTER LIMITED (REGISTERED NUMBER: 03724755)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

K J CARTER LIMITED (REGISTERED NUMBER: 03724755)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 29,922 5,559 98,006 13,626 147,113
DEPRECIATION
At 1 April 2023 29,338 3,544 51,456 11,257 95,595
Charge for year 117 403 6,750 474 7,744
At 31 March 2024 29,455 3,947 58,206 11,731 103,339
NET BOOK VALUE
At 31 March 2024 467 1,612 39,800 1,895 43,774
At 31 March 2023 584 2,015 46,550 2,369 51,518

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 2,000 2,000
Work-in-progress 58,261 29,870
60,261 31,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 194,591 253,917
Other debtors 1,932,390 1,256,790
Value added tax 6,476 3,877
Prepayments 8,350 3,051
2,141,807 1,517,635

K J CARTER LIMITED (REGISTERED NUMBER: 03724755)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,031 5,031
Trade creditors 29,564 36,359
Taxation 44,004 40,462
Social security and other taxes 14,422 18,362
Other creditors 6,695 2,188
Directors' current accounts 137,171 164,435
Accruals 195,766 194,661
432,653 461,498

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 24,057 28,830

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 5,601 5,556

Deferred
tax
£   
Balance at 1 April 2023 5,556
Provided during year 45
Balance at 31 March 2024 5,601

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

K J CARTER LIMITED (REGISTERED NUMBER: 03724755)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr K J Carter
Balance outstanding at start of year - 499,773
Amounts repaid - (499,773 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -