Registered number
13526121
CARLIN PERFORMANCE LTD
Filleted Accounts
31 March 2024
CARLIN PERFORMANCE LTD
Registered number: 13526121
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 59,199 35,606
Current assets
Stocks 320,741 20,965
Debtors 4 1,143,623 152,281
Cash at bank and in hand 10,624 3,307
1,474,988 176,553
Creditors: amounts falling due within one year 5 (1,373,651) (98,765)
Net current assets 101,337 77,788
Net assets 160,536 113,394
Capital and reserves
Called up share capital 100 100
Profit and loss account 160,436 113,294
Shareholders' funds 160,536 113,394
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T J Carlin
Director
Approved by the board on 20 December 2024
CARLIN PERFORMANCE LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Straight Line Basis
Motor Vehicles 25% Straight Line Basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 17,961 25,291 10,000 53,252
Additions 32,416 - - 32,416
At 31 March 2024 50,377 25,291 10,000 85,668
Depreciation
At 1 April 2023 - 12,646 5,000 17,646
Charge for the year - 6,323 2,500 8,823
At 31 March 2024 - 18,969 7,500 26,469
Net book value
At 31 March 2024 50,377 6,322 2,500 59,199
At 31 March 2023 17,961 12,645 5,000 35,606
4 Debtors 2024 2023
£ £
Trade debtors 1,081 1,081
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,046,819 151,200
Other debtors 95,723 -
1,143,623 152,281
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other Creditors 9,652 -
Trade creditors 1,166,243 3,205
Taxation and social security costs 56,994 87,414
Directors Loan Account 140,762 8,146
1,373,651 98,765
6 Other information
CARLIN PERFORMANCE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Old Down House
Swelling Hill
Ropley
Hampshire
SO24 0DA
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