Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr D A Carter 28/05/2003 24 February 2025 The principle activity of the company continued to be that of plastering. 04777858 2024-05-31 04777858 bus:Director1 2024-05-31 04777858 2023-05-31 04777858 core:CurrentFinancialInstruments 2024-05-31 04777858 core:CurrentFinancialInstruments 2023-05-31 04777858 core:Non-currentFinancialInstruments 2024-05-31 04777858 core:Non-currentFinancialInstruments 2023-05-31 04777858 core:ShareCapital 2024-05-31 04777858 core:ShareCapital 2023-05-31 04777858 core:RetainedEarningsAccumulatedLosses 2024-05-31 04777858 core:RetainedEarningsAccumulatedLosses 2023-05-31 04777858 core:Goodwill 2023-05-31 04777858 core:Goodwill 2024-05-31 04777858 core:OtherPropertyPlantEquipment 2023-05-31 04777858 core:OtherPropertyPlantEquipment 2024-05-31 04777858 core:CostValuation 2023-05-31 04777858 core:CostValuation 2024-05-31 04777858 2023-06-01 2024-05-31 04777858 bus:FilletedAccounts 2023-06-01 2024-05-31 04777858 bus:SmallEntities 2023-06-01 2024-05-31 04777858 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04777858 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04777858 bus:Director1 2023-06-01 2024-05-31 04777858 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 04777858 2022-06-01 2023-05-31 04777858 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 04777858 (England and Wales)

D CARTER PLASTERING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

D CARTER PLASTERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

D CARTER PLASTERING LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
D CARTER PLASTERING LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
DIRECTOR Mr D A Carter
REGISTERED OFFICE 264 Banbury Road
Oxford
OX2 7DY
United Kingdom
COMPANY NUMBER 04777858 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
D CARTER PLASTERING LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
D CARTER PLASTERING LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 14,104 16,720
Investments 5 6,518 6,518
20,622 23,238
Current assets
Stocks 3,600 3,500
Debtors 6 177,991 185,628
Cash at bank and in hand 53,265 97,971
234,856 287,099
Creditors: amounts falling due within one year 7 ( 74,138) ( 107,125)
Net current assets 160,718 179,974
Total assets less current liabilities 181,340 203,212
Creditors: amounts falling due after more than one year 8 ( 7,147) ( 6,737)
Net assets 174,193 196,475
Capital and reserves
Called-up share capital 1 1
Profit and loss account 174,192 196,474
Total shareholder's funds 174,193 196,475

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of D Carter Plastering Limited (registered number: 04777858) were approved and authorised for issue by the Director on 24 February 2025. They were signed on its behalf by:

Mr D A Carter
Director
D CARTER PLASTERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
D CARTER PLASTERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D Carter Plastering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 - 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 5

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 June 2023 60,000 60,000
At 31 May 2024 60,000 60,000
Accumulated amortisation
At 01 June 2023 60,000 60,000
At 31 May 2024 60,000 60,000
Net book value
At 31 May 2024 0 0
At 31 May 2023 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2023 67,628 67,628
Additions 1,802 1,802
Disposals ( 320) ( 320)
At 31 May 2024 69,110 69,110
Accumulated depreciation
At 01 June 2023 50,908 50,908
Charge for the financial year 4,335 4,335
Disposals ( 237) ( 237)
At 31 May 2024 55,006 55,006
Net book value
At 31 May 2024 14,104 14,104
At 31 May 2023 16,720 16,720

5. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 June 2023 6,518 6,518
At 31 May 2024 6,518 6,518
Carrying value at 31 May 2024 6,518 6,518
Carrying value at 31 May 2023 6,518 6,518

6. Debtors

2024 2023
£ £
Trade debtors 114,796 114,866
Prepayments 3,768 15,913
VAT recoverable 17,150 11,976
Other debtors 42,277 42,873
177,991 185,628

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 22,399 29,324
Amounts owed to director 3,714 8,751
Accruals 23,591 24,267
Taxation and social security 16,167 19,425
Obligations under finance leases and hire purchase contracts 0 13,362
Other creditors 8,267 11,996
74,138 107,125

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 7,147 6,737

There are no amounts included above in respect of which any security has been given by the small entity.

9. Related party transactions

Transactions with the entity's director

During the year the company paid dividends of £60,000 (2023: £60,000). In addition, remuneration of £9,096 was due to directors (2023: £9,096).

At the year end, the director was owed £3,715 by the company (2023: £8,751 owed by the company).