2 false false false false false false false false false false true false false false false true true No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 40,000 40,000 100,000 100,000 100,000 xbrli:pure xbrli:shares iso4217:GBP NI617810 2023-05-01 2024-04-30 NI617810 2024-04-30 NI617810 2023-04-30 NI617810 2022-05-01 2023-04-30 NI617810 2023-04-30 NI617810 2022-04-30 NI617810 core:NetGoodwill 2023-05-01 2024-04-30 NI617810 bus:Director1 2023-05-01 2024-04-30 NI617810 core:NetGoodwill 2024-04-30 NI617810 core:WithinOneYear 2024-04-30 NI617810 core:WithinOneYear 2023-04-30 NI617810 core:ShareCapital 2024-04-30 NI617810 core:ShareCapital 2023-04-30 NI617810 core:RetainedEarningsAccumulatedLosses 2024-04-30 NI617810 core:RetainedEarningsAccumulatedLosses 2023-04-30 NI617810 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 NI617810 core:Non-currentFinancialInstruments 2024-04-30 NI617810 core:Non-currentFinancialInstruments 2023-04-30 NI617810 bus:SmallEntities 2023-05-01 2024-04-30 NI617810 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI617810 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI617810 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI617810 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: NI617810
CARRICK WELLNESS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
CARRICK WELLNESS LTD
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
3,083
1,873
Investments
7
100,000
100,000
---------
---------
103,083
101,873
Current assets
Debtors
8
59
37
Cash at bank and in hand
130,270
117,539
---------
---------
130,329
117,576
Creditors: amounts falling due within one year
9
27,607
32,604
---------
---------
Net current assets
102,722
84,972
---------
---------
Total assets less current liabilities
205,805
186,845
---------
---------
Net assets
205,805
186,845
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
205,803
186,843
---------
---------
Shareholders funds
205,805
186,845
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CARRICK WELLNESS LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mr G Ritchie
Director
Company registration number: NI617810
CARRICK WELLNESS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Linenhall Exchange, First Floor, 26 Linenhall Street, Belfast, BT2 8BG, Northern Ireland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20 % straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
40,000
--------
Amortisation
At 1 May 2023 and 30 April 2024
40,000
--------
Carrying amount
At 30 April 2024
--------
At 30 April 2023
--------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 May 2023
59,284
59,284
Additions
1,706
1,706
--------
--------
At 30 April 2024
60,990
60,990
--------
--------
Depreciation
At 1 May 2023
57,411
57,411
Charge for the year
496
496
--------
--------
At 30 April 2024
57,907
57,907
--------
--------
Carrying amount
At 30 April 2024
3,083
3,083
--------
--------
At 30 April 2023
1,873
1,873
--------
--------
7. Investments
Other investments other than loans
£
Cost
At 1 May 2023 and 30 April 2024
100,000
---------
Impairment
At 1 May 2023 and 30 April 2024
---------
Carrying amount
At 30 April 2024
100,000
---------
At 30 April 2023
100,000
---------
8. Debtors
2024
2023
£
£
Other debtors
59
37
----
----
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,620
394
Corporation tax
6,730
9,439
Prepaid plans
6,283
17,204
Other creditors
11,974
5,567
--------
--------
27,607
32,604
--------
--------
10. Director's advances, credits and guarantees
During the year, the director advanced net loans of £6,599 to the company (2023: the company advanced net loans of £18,363 to the director). At the year end, the company owed the director £9,294 (2023: £2,695).
11. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed.
12. Controlling party
The company is under control of the sole shareholder and director, Mr G Ritchie .