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REGISTERED NUMBER: 04185568 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cartwrights Audit Limited

Cartwrights Audit Limited (Registered number: 04185568)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cartwrights Audit Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: E M McIntyre
A Hill
A Khan
M Brown
M Khawar
S Ahsan





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 04185568 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Cartwrights Audit Limited (Registered number: 04185568)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 57,954 17,204
57,954 17,204

CURRENT ASSETS
Stocks 21,165 35,800
Debtors 7 1,405,711 2,025,487
Cash at bank and in hand 32,752 87,520
1,459,628 2,148,807
CREDITORS
Amounts falling due within one year 8 753,094 1,411,710
NET CURRENT ASSETS 706,534 737,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,488

754,301

PROVISIONS FOR LIABILITIES 14,488 4,301
NET ASSETS 750,000 750,000

CAPITAL AND RESERVES
Called up share capital 750,000 750,000
SHAREHOLDERS' FUNDS 750,000 750,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Cartwrights Audit Limited (Registered number: 04185568)

Balance Sheet - continued
30 April 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





E M McIntyre - Director


Cartwrights Audit Limited (Registered number: 04185568)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cartwrights Audit 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 is capitalised and amortised over its useful economic life.

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 - 25% on cost and 10% on cost

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.

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.

Cartwrights Audit Limited (Registered number: 04185568)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 29 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,200,000
AMORTISATION
At 1 May 2023
and 30 April 2024 1,200,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 295,947
Additions 51,520
Disposals (80,569 )
At 30 April 2024 266,898
DEPRECIATION
At 1 May 2023 278,743
Charge for year 10,770
Eliminated on disposal (80,569 )
At 30 April 2024 208,944
NET BOOK VALUE
At 30 April 2024 57,954
At 30 April 2023 17,204

Cartwrights Audit Limited (Registered number: 04185568)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 85,094 177,895
Amounts owed by group undertakings 1,289,413 1,820,666
Other debtors 31,204 26,926
1,405,711 2,025,487

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,782 10,889
Trade creditors 46,633 48,164
Amounts owed to group undertakings 169,000 793,624
Taxation and social security 222,792 258,268
Other creditors 303,887 300,765
753,094 1,411,710

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank overdrafts 10,782 10,889

Bank overdrafts and loans are secured by a fixed and floating charge on the assets of the company.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. CONTROLLING PARTY

The immediate controlling party is Cartwrights Accountants Limited. There is no ultimate controlling party.