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REGISTERED NUMBER: 09443583 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024


FOR



CARPENTER WEALTH MANAGEMENT LIMITED


CARPENTER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09443583)


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




CARPENTER WEALTH MANAGEMENT LIMITED


COMPANY INFORMATION

for the Year Ended 31 March 2024









DIRECTORS:

P Carpenter


Mrs A Carpenter







REGISTERED OFFICE:

19 North Street


Ashford


Kent


TN24 8LF







REGISTERED NUMBER:

09443583 (England and Wales)







ACCOUNTANTS:

Calcutt Matthews WBZ Ltd


19 North Street


Ashford


Kent


TN24 8LF


CARPENTER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09443583)


BALANCE SHEET

31 March 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

-


-



Tangible assets

5

103,980


141,660



103,980


141,660




CURRENT ASSETS

Debtors

6

37,769


34,700



Cash in hand

114,748


176,413



152,517


211,113



CREDITORS

Amounts falling due within one year

7

20,095


41,930



NET CURRENT ASSETS

132,422


169,183



TOTAL ASSETS LESS CURRENT LIABILITIES

236,402


310,843




CAPITAL AND RESERVES

Called up share capital

100


100



Share premium

9

59,798


59,798



Retained earnings

9

176,504


250,945



236,402


310,843




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.


CARPENTER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09443583)


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 30 October 2024 and were signed on its behalf by:






P Carpenter - Director



CARPENTER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09443583)


NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2024



1.

STATUTORY INFORMATION



The company is a private company limited by share capital incorporated in England & Wales.



The address of its registered office is:


19th North Street


Ashford


Kent


TN24 8LF



The principal place of business is:


36 Maidstone Road


Ashford


Kent


TN24 8UB


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.


Goodwill


Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.


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

-

15% 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.


CARPENTER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09443583)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2024



2.

ACCOUNTING POLICIES - continued


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.


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.

INTANGIBLE FIXED ASSETS


Goodwill

£   



COST


At 1 April 2023


and 31 March 2024

369,325




AMORTISATION


At 1 April 2023


and 31 March 2024

369,325




NET BOOK VALUE


At 31 March 2024

-




At 31 March 2023

-




CARPENTER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09443583)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2024



5.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2023

244,163




Additions

678




At 31 March 2024

244,841




DEPRECIATION


At 1 April 2023

102,503




Charge for year

38,358




At 31 March 2024

140,861




NET BOOK VALUE


At 31 March 2024

103,980




At 31 March 2023

141,660




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade debtors

37,769


34,700




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Bank loans and overdrafts (see note 8)

5,000


5,000




Trade creditors

-


1




Taxation and social security

15,095


29,024




Other creditors

-


7,905



20,095


41,930




8.

LOANS


Bank loan is denominated in £ with a nominal interest rate of 4%, and has been closed during the current year. (2021 : £291,666).

The bank loan was secured by a fixed & floating charge over the Company's assets.


CARPENTER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09443583)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2024



9.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 April 2023

250,945


59,798


310,743




Profit for the year

12,764


-


12,764




Dividends

(87,205

)

-


(87,205

)



At 31 March 2024

176,504


59,798


236,302