Carilor Ltd 12049829 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is kitchen installation services. Digita Accounts Production Advanced 6.30.9574.0 true true 12049829 2023-07-01 2024-06-30 12049829 2024-06-30 12049829 core:CurrentFinancialInstruments 2024-06-30 12049829 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12049829 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 12049829 core:Goodwill 2024-06-30 12049829 core:OtherResidualIntangibleAssets 2024-06-30 12049829 core:FurnitureFittingsToolsEquipment 2024-06-30 12049829 core:MotorVehicles 2024-06-30 12049829 bus:SmallEntities 2023-07-01 2024-06-30 12049829 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12049829 bus:FilletedAccounts 2023-07-01 2024-06-30 12049829 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12049829 bus:RegisteredOffice 2023-07-01 2024-06-30 12049829 bus:Director1 2023-07-01 2024-06-30 12049829 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12049829 core:Goodwill 2023-07-01 2024-06-30 12049829 core:IntangibleAssetsOtherThanGoodwill 2023-07-01 2024-06-30 12049829 core:LicencesFranchises 2023-07-01 2024-06-30 12049829 core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 12049829 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 12049829 core:MotorVehicles 2023-07-01 2024-06-30 12049829 core:OfficeEquipment 2023-07-01 2024-06-30 12049829 countries:AllCountries 2023-07-01 2024-06-30 12049829 2023-06-30 12049829 core:Goodwill 2023-06-30 12049829 core:OtherResidualIntangibleAssets 2023-06-30 12049829 core:FurnitureFittingsToolsEquipment 2023-06-30 12049829 core:MotorVehicles 2023-06-30 12049829 2022-07-01 2023-06-30 12049829 2023-06-30 12049829 core:CurrentFinancialInstruments 2023-06-30 12049829 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12049829 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 12049829 core:Goodwill 2023-06-30 12049829 core:OtherResidualIntangibleAssets 2023-06-30 12049829 core:FurnitureFittingsToolsEquipment 2023-06-30 12049829 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 12049829

Carilor Ltd

trading as Dream Doors Chelmsford

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Carilor Ltd

trading as Dream Doors Chelmsford

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Carilor Ltd

trading as Dream Doors Chelmsford

(Registration number: 12049829)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

12,220

Tangible assets

5

23,547

29,434

 

23,547

41,654

Current assets

 

Debtors

6

11,991

6,702

Cash at bank and in hand

 

26,244

68,566

 

38,235

75,268

Creditors: Amounts falling due within one year

7

(27,730)

(37,801)

Net current assets

 

10,505

37,467

Total assets less current liabilities

 

34,052

79,121

Creditors: Amounts falling due after more than one year

7

(22,475)

(32,792)

Provisions for liabilities

(5,887)

(7,359)

Net assets

 

5,690

38,970

Capital and reserves

 

Called up share capital

3

3

Retained earnings

5,687

38,967

Shareholders' funds

 

5,690

38,970

 

Carilor Ltd

trading as Dream Doors Chelmsford

(Registration number: 12049829)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2024 and signed on its behalf by:
 

.........................................
Mr C P W Stockley
Director

 

Carilor Ltd

trading as Dream Doors Chelmsford

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England

These financial statements were authorised for issue by the Board on 22 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Carilor Ltd

trading as Dream Doors Chelmsford

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight Line

Motor vehicles

25% Reducing balance

 

Carilor Ltd

trading as Dream Doors Chelmsford

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business
combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less
accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% Straight line

Franchise fee

20% Straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Carilor Ltd

trading as Dream Doors Chelmsford

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Carilor Ltd

trading as Dream Doors Chelmsford

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Franchise fee
£

Total
£

Cost or valuation

At 1 July 2023

38,000

23,100

61,100

At 30 June 2024

38,000

23,100

61,100

Amortisation

At 1 July 2023

30,400

18,480

48,880

Amortisation charge

7,600

4,620

12,220

At 30 June 2024

38,000

23,100

61,100

Carrying amount

At 30 June 2024

-

-

-

At 30 June 2023

7,600

4,620

12,220

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

990

45,991

46,981

At 30 June 2024

990

45,991

46,981

Depreciation

At 1 July 2023

990

16,557

17,547

Charge for the year

-

5,887

5,887

At 30 June 2024

990

22,444

23,434

Carrying amount

At 30 June 2024

-

23,547

23,547

At 30 June 2023

-

29,434

29,434

 

Carilor Ltd

trading as Dream Doors Chelmsford

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

8,210

1,235

Prepayments

903

1,054

Other debtors

2,878

4,413

 

11,991

6,702

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10,183

10,048

Trade creditors

 

11,445

4,683

Taxation and social security

 

4,522

20,101

Accruals and deferred income

 

1,000

1,000

Other creditors

 

580

1,969

 

27,730

37,801

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,183 (2023 - £10,048).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

22,475

32,792

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £22,475 (2023 - £32,792).