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REGISTERED NUMBER: 08553114 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cartwright Associates (UK) Limited

Cartwright Associates (UK) Limited (Registered number: 08553114)






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


Cartwright Associates (UK) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A Cartwright





REGISTERED OFFICE: Adeilad St David's Building
Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 08553114 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Cartwright Associates (UK) Limited (Registered number: 08553114)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,247 23,107
31,247 23,107

CURRENT ASSETS
Stocks 15,502 5,400
Debtors 6 48,084 9,563
Cash at bank 136,640 49,841
200,226 64,804
CREDITORS
Amounts falling due within one year 7 173,177 57,469
NET CURRENT ASSETS 27,049 7,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,296

30,442

PROVISIONS FOR LIABILITIES 6,838 3,660
NET ASSETS 51,458 26,782

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 51,457 26,781
51,458 26,782

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.

Cartwright Associates (UK) Limited (Registered number: 08553114)

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 director and authorised for issue on 23 December 2024 and were signed by:





Mr A Cartwright - Director


Cartwright Associates (UK) Limited (Registered number: 08553114)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cartwright Associates (UK) 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.

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 2014, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets, including goodwill, are initially measured at cost. After initial recognition, they are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Fixed assets are initially recognised at their cost price and are subsequently recorded at cost, less accumulated depreciation and less amounts recognised in respect of impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

- Plant and machinery etc is depreciated at a rate of 20% per annum on the reducing balance basis.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.


Cartwright Associates (UK) Limited (Registered number: 08553114)

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 8,500
AMORTISATION
At 1 April 2023
and 31 March 2024 8,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 47,461
Additions 15,240
At 31 March 2024 62,701
DEPRECIATION
At 1 April 2023 24,354
Charge for year 7,100
At 31 March 2024 31,454
NET BOOK VALUE
At 31 March 2024 31,247
At 31 March 2023 23,107

Cartwright Associates (UK) Limited (Registered number: 08553114)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 48,084 9,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,104 4,523
Taxation and social security 42,972 14,047
Other creditors 129,101 38,899
173,177 57,469

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2023 - £40,000) were paid to the director .

The director's current account was in credit throughout the year. As at 31st March 2024, the company owed £46,868 (2023: £37,133) to the director with this being by way of a director's current account.