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Company registration number: 11808736
Charlton and Caster Limited
Unaudited filleted financial statements
31 March 2024
Charlton and Caster Limited
Contents
Balance sheet
Notes to the financial statements
Charlton and Caster Limited
Balance sheet
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 24,878 25,926
Cash at bank and in hand 22,094 18,480
_______ _______
46,972 44,406
Creditors: amounts falling due
within one year 6 ( 38,420) ( 29,300)
_______ _______
Net current assets 8,552 15,106
_______ _______
Total assets less current liabilities 8,552 15,106
Creditors: amounts falling due
after more than one year 7 ( 7,000) ( 14,500)
_______ _______
Net assets 1,552 606
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,550 604
_______ _______
Shareholders funds 1,552 606
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
N Munro W Clarke
Director Director
Company registration number: 11808736
Charlton and Caster Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 384 Linthorpe Road, Middlesbrough, TS5 6HA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Staff costs
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 68,682 29,188
Social security costs 3,282 2,637
Other pension costs 637 750
_______ _______
72,601 32,575
_______ _______
5. Debtors
2024 2023
£ £
Trade debtors 18,783 14,518
Other debtors 6,095 11,408
_______ _______
24,878 25,926
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 6,000 4,500
Corporation tax 2,333 6,546
Social security and other taxes 5,841 2,417
Other creditors 24,246 15,837
_______ _______
38,420 29,300
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 7,000 14,500
_______ _______
8. Directors advances, credits and guarantees
During the year there were no directors advances, credits or guarantees.