IRIS Accounts Production v24.3.2.46 03674504 Board of Directors 1.5.23 30.4.24 30.4.24 23.10.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036745042023-04-30036745042024-04-30036745042023-05-012024-04-30036745042021-12-31036745042022-01-012023-04-30036745042023-04-3003674504ns15:EnglandWales2023-05-012024-04-3003674504ns14:PoundSterling2023-05-012024-04-3003674504ns10:Director12023-05-012024-04-3003674504ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003674504ns10:SmallEntities2023-05-012024-04-3003674504ns10:Audited2023-05-012024-04-3003674504ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003674504ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003674504ns10:FullAccounts2023-05-012024-04-3003674504ns10:Director22023-05-012024-04-3003674504ns10:CompanySecretary12023-05-012024-04-3003674504ns10:RegisteredOffice2023-05-012024-04-3003674504ns5:CurrentFinancialInstruments2024-04-3003674504ns5:CurrentFinancialInstruments2023-04-3003674504ns5:ShareCapital2024-04-3003674504ns5:ShareCapital2023-04-3003674504ns5:RetainedEarningsAccumulatedLosses2024-04-3003674504ns5:RetainedEarningsAccumulatedLosses2023-04-3003674504ns5:PlantMachinery2023-05-012024-04-3003674504ns5:PlantMachinery2023-04-3003674504ns5:PlantMachinery2024-04-3003674504ns5:PlantMachinery2023-04-3003674504ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003674504ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 03674504 (England and Wales)






















Carter Business Systems Limited

Financial Statements for the Year Ended 30 April 2024






Carter Business Systems Limited (Registered number: 03674504)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carter Business Systems Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: K Sturdy
R M Cavill





SECRETARY: M J Clayphan





REGISTERED OFFICE: The View
Bridgehead Business Park
Hessle
HU13 0GD





REGISTERED NUMBER: 03674504 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Carter Business Systems Limited (Registered number: 03674504)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 2,306,347 854,977
Cash at bank - 39,582
2,306,347 894,559
CREDITORS
Amounts falling due within one year 6 - 153,051
NET CURRENT ASSETS 2,306,347 741,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,306,347

741,508

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,306,247 741,408
2,306,347 741,508

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 23 October 2024 and were signed on its behalf by:





K Sturdy - Director


Carter Business Systems Limited (Registered number: 03674504)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Carter Business Systems 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.

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

Going concern
In April 2024 the company hived its trade, assets and liabilities to another group company and ceased to trade. It does not intend to resume trade again. The financial statements have prepared on a going concern basis as no adjustment would result from the use of the break up basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, but net of VAT, rebates and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Turnover relating to on-going service contracts is recognised based on the machine usage over the period the services are provided to the customer. Where amounts are received in advance of services being provided, the amounts are recorded as deferred income and included in creditors.

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

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.


Carter Business Systems Limited (Registered number: 03674504)

Notes to the Financial Statements - continued
for the year ended 30 April 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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 8,200
Transfer to group company (8,200 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 8,200
Transfer to group company (8,200 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 171,825
Amounts owed by group undertakings 2,306,347 680,560
Other debtors - 2,592
2,306,347 854,977

Carter Business Systems Limited (Registered number: 03674504)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 195
Amounts owed to group undertakings - 1,762
Taxation and social security - 107,913
Other creditors - 43,181
- 153,051

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I R Lamb FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

8. ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings for which group financial statements are drawn up and of which the company is a member is Spectrum Workplace Technology Group Limited, registered in England and Wales. Spectrum Workplace Technology Limited is also the company's ultimate parent undertaking and its registered office is The View, Bridgehead Business Park, Hessle, East Yorkshire, HU13 0GD. Copies of Spectrum Workplace Technology Group Limited's financial statements can be obtained from Companies House.