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REGISTERED NUMBER: 01844989 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

David Carter Limited

David Carter Limited (Registered number: 01844989)






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


David Carter Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs C P Carter
D J Carter





SECRETARY: Mrs C P Carter





REGISTERED OFFICE: C/O Freedman Frankl & Taylor
Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 01844989 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

David Carter Limited (Registered number: 01844989)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,094 172,094

CURRENT ASSETS
Debtors 5 31,966 21,966
Cash at bank 104,536 138,023
136,502 159,989
CREDITORS
Amounts falling due within one year 6 31,807 35,649
NET CURRENT ASSETS 104,695 124,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,789

296,434

CREDITORS
Amounts falling due after more than one year 7 11,667 23,556
NET ASSETS 265,122 272,878

CAPITAL AND RESERVES
Called up share capital 1,300 1,300
Share premium 74,603 74,603
Retained earnings 189,219 196,975
SHAREHOLDERS' FUNDS 265,122 272,878

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.

David Carter Limited (Registered number: 01844989)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





D J Carter - Director


David Carter Limited (Registered number: 01844989)

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

1. STATUTORY INFORMATION

David Carter 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 5% straight line
Motor vehicles - 25% reducing balance
Fixtures and fittings - 15% reducing balance & 25% straight line

Freehold property has not been depreciated as the director does not consider the amount to be material.

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
For defined contribution schemes the amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

David Carter Limited (Registered number: 01844989)

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

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the year ended 30 April 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 May 2023
and 30 April 2024 172,094
NET BOOK VALUE
At 30 April 2024 172,094
At 30 April 2023 172,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 31,966 21,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,589
Trade creditors - 1,500
Tax 310 -
Other creditors 2,096 2,096
Directors' current accounts 18,802 21,864
Accrued expenses 599 600
31,807 35,649

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans > 1 year 11,667 23,556

David Carter Limited (Registered number: 01844989)

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

8. RELATED PARTY DISCLOSURES

Included within other creditors is directors' current account balance of £18,802 (2023: £21,864). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

Included within other debtors is a balance amounting to £21,000 (2023: £11,000) due from a company in which certain directors of the company are also directors and shareholders. There are no fixed repayment terms and no interest is chargeable by the company in respect of this balance.