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Registered number: 10198901

The Letting Centre (Carlisle) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

The Letting Centre (Carlisle) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Ms C L Luper
Mr A G Mason
REGISTERED OFFICE
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10198901
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

The Letting Centre (Carlisle) Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Letting Centre (Carlisle) Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Intangible assets241,53354,883
Tangible assets331,48738,050
73,02092,933
CURRENT ASSETS
Debtors412,7645,020
Cash at bank and in hand21,30119,134
34,06524,154
CREDITORS: Amounts falling due within one year541,51663,456
NET CURRENT LIABILITIES(7,451)(39,302)
TOTAL ASSETS LESS CURRENT LIABILITIES65,56953,631
CREDITORS: Amounts falling due after more than one year625,62435,385
NET ASSETS39,94518,246
CAPITAL AND RESERVES
Called up share capital100100
Profit and loss account39,84518,146
SHAREHOLDERS' FUNDS39,94518,246
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/02/2025 and signed on their behalf by
.............................
Mr A G Mason
Director

The Letting Centre (Carlisle) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
Motor Vehiclesreducing balance 25%
1c. Taxation
Full provision is made for deferred tax balances arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the provision of goods and services.
1f. Goodwill
Goodwill arising in connection with the acquisition of a business is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1g. Leases
Payments made under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

The Letting Centre (Carlisle) Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/06/2023133,500133,500
At 31/05/2024133,500133,500
Depreciation
At 01/06/202378,61778,617
For the year13,35013,350
At 31/05/202491,96791,967
Net Book Amounts
At 31/05/202441,53341,533
At 31/05/202354,88354,883
3. TANGIBLE FIXED ASSETS
EquipmentMotor VehiclesTotal
£££
Cost
At 01/06/202324,90242,53067,432
Additions3,932-3,932
At 31/05/202428,83442,53071,364
Depreciation
At 01/06/202318,75010,63229,382
For the year2,5217,97410,495
At 31/05/202421,27118,60639,877
Net Book Amounts
At 31/05/20247,56323,92431,487
At 31/05/20236,15231,89838,050
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,2964,650
Prepayments1,564370
Directors current account - A G Mason9,904-
12,7645,020

The Letting Centre (Carlisle) Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax10,476415
VAT10,0976,514
Other tax and social security2,500601
Directors current account - A G Mason-21,781
Directors current account - C L Luper1,14917,153
Bank loan5,0005,000
Hire purchase4,7584,755
Trade creditors-299
Other creditors311248
Accruals7,2256,690
41,51663,456
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans >1yr5,41710,417
Hire purchase >1yr20,20724,968
25,62435,385
7. SECURED CREDITORS
20242023
££
Amount of other creditors which are secured24,96529,723
Hire purchase creditors are secured on the assets to which the liabilities relate.
8. EMPLOYEES
20242023
No.No.
Average number of employees65

The Letting Centre (Carlisle) Limited

9. RELATED PARTY TRANSACTIONS
During the period total salaries were paid to directors of £9,096 (2023 - £9,096).
During the year total dividends of £1,000 (2023 - £Nil) were paid to the directors.
At the balance sheet date loans of £1,149 (2023 - £38,934) were owed to the directors by the company and £9,904 owed to the company (2023 - £Nil). The loans are interest free, unsecured and repayable on demand.
10. GUARANTEES AND OTHER FINANCIAL COMMITMENTS
At the balance sheet date the company had total outstanding commitments under operating leases of £3,067.
11. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England.
The company's registered number is 10198901.
The company's registered office is 6 Brunswick Street, Carlisle CA1 1PN.
12. TRANSACTIONS WITH DIRECTORS
During the year total advances of £9,904 were made to a director which remain outstanding at the balance sheet date. The loan is interest free, unsecured and repayable on demand.