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REGISTERED NUMBER: 01331051 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

M. CARR (SHEFFIELD) LIMITED

M. CARR (SHEFFIELD) LIMITED (REGISTERED NUMBER: 01331051)






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


M. CARR (SHEFFIELD) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S G Oliver
G Roberts





REGISTERED OFFICE: 42 Vicarage Crescent
Grenoside
Sheffield
South Yorkshire
S35 8RE





REGISTERED NUMBER: 01331051 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG

M. CARR (SHEFFIELD) LIMITED (REGISTERED NUMBER: 01331051)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,511 4,669
3,511 4,669

CURRENT ASSETS
Stocks 500 500
Debtors 6 3,788 2,005
Cash at bank 6,201 3,119
10,489 5,624
CREDITORS
Amounts falling due within one year 7 14,837 13,197
NET CURRENT LIABILITIES (4,348 ) (7,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(837

)

(2,904

)

PROVISIONS FOR LIABILITIES 433 -
NET LIABILITIES (1,270 ) (2,904 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,272 ) (2,906 )
SHAREHOLDERS' FUNDS (1,270 ) (2,904 )

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.

M. CARR (SHEFFIELD) LIMITED (REGISTERED NUMBER: 01331051)

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 20 December 2024 and were signed on its behalf by:





S G Oliver - Director


M. CARR (SHEFFIELD) LIMITED (REGISTERED NUMBER: 01331051)

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

1. STATUTORY INFORMATION

M. Carr (Sheffield) 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.

Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on a going concern basis.

The company is supported by its directors. The financial statements do not include any adjustments which would be required should this support be withdrawn.

The directors have indicated that they will continue to support the company until it is able to meet its debts as they fall due.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% 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.

M. CARR (SHEFFIELD) LIMITED (REGISTERED NUMBER: 01331051)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

M. CARR (SHEFFIELD) LIMITED (REGISTERED NUMBER: 01331051)

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
and 31 March 2024 7,959
DEPRECIATION
At 1 April 2023 3,290
Charge for year 1,158
At 31 March 2024 4,448
NET BOOK VALUE
At 31 March 2024 3,511
At 31 March 2023 4,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,420 1,390
Other debtors 368 615
3,788 2,005

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 698 991
Taxation and social security 263 -
Other creditors 13,876 12,206
14,837 13,197

8. ULTIMATE CONTROLLING PARTY

The company is controlled by S Oliver and G Roberts.