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REGISTERED NUMBER: 10112741 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Caroo Ltd.

Caroo Ltd. (Registered number: 10112741)






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


Caroo Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: W L Rowe
A M Chadwick
R G Webb
B M Whigham





REGISTERED OFFICE: 9 King Edward Street
Macclesfield
Cheshire
SK10 1AQ





REGISTERED NUMBER: 10112741 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF

Caroo Ltd. (Registered number: 10112741)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,002,508 1,002,508
Tangible assets 5 5,119 9,907
1,007,627 1,012,415

CURRENT ASSETS
Debtors 6 12,000 10,769
Cash at bank and in hand 4,851 160,868
16,851 171,637
CREDITORS
Amounts falling due within one year 7 39,283 42,344
NET CURRENT (LIABILITIES)/ASSETS (22,432 ) 129,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

985,195

1,141,708

CREDITORS
Amounts falling due after more than one
year

8

1,774,050

1,674,050
NET LIABILITIES (788,855 ) (532,342 )

CAPITAL AND RESERVES
Called up share capital 3,098 3,034
Share premium 2,204,608 2,184,000
Retained earnings (2,996,561 ) (2,719,376 )
SHAREHOLDERS' FUNDS (788,855 ) (532,342 )

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.

Caroo Ltd. (Registered number: 10112741)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





W L Rowe - Director


Caroo Ltd. (Registered number: 10112741)

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

1. STATUTORY INFORMATION

Caroo Ltd. 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.

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

Computer software is being amortised evenly over its estimated useful life of nil years.

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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Caroo Ltd. (Registered number: 10112741)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 1,002,508
NET BOOK VALUE
At 30 April 2024 1,002,508
At 30 April 2023 1,002,508

Computer software is still in a development phase and is not yet amortised.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 20,888
DEPRECIATION
At 1 May 2023 10,981
Charge for year 4,788
At 30 April 2024 15,769
NET BOOK VALUE
At 30 April 2024 5,119
At 30 April 2023 9,907

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 12,000 5,251
Other debtors - 5,518
12,000 10,769

Caroo Ltd. (Registered number: 10112741)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 30,477 32,353
Taxation and social security 6,740 7,120
Other creditors 2,066 2,871
39,283 42,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 1,774,050 1,674,050

9. RELATED PARTY DISCLOSURES

At 30 April 2024 the company owed £1,774,050 (2023: £1,674,050) to Mrs I Webb, the controlling party.
The amount is interest free and repayable after more than one year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs I Webb.