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REGISTERED NUMBER: 13200031 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Carsicko Limited

Carsicko Limited (Registered number: 13200031)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carsicko Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: O Otasowie





REGISTERED OFFICE: Afe Accountants Ltd Building 3 North Lon
Oakleigh Road South
London
N11 1GN





REGISTERED NUMBER: 13200031 (England and Wales)





ACCOUNTANTS: AFE Accountants Limited
North London Business Park
Oakleigh Road South
New Southgate
London
N11 1GN

Carsicko Limited (Registered number: 13200031)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,058 28,282
Investments 5 62,500 62,500
173,558 90,782

CURRENT ASSETS
Stocks 20,000 10,000
Debtors 6 236,204 332,475
Cash at bank 107,798 244,271
364,002 586,746
CREDITORS
Amounts falling due within one year 7 82,747 341,246
NET CURRENT ASSETS 281,255 245,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,813

336,282

CREDITORS
Amounts falling due after more than
one year

8

97,777

-
NET ASSETS 357,036 336,282

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 357,034 336,280
357,036 336,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Carsicko Limited (Registered number: 13200031)

Balance Sheet - continued
28 February 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 director and authorised for issue on 19 February 2025 and were signed by:





O Otasowie - Director


Carsicko Limited (Registered number: 13200031)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Carsicko 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Carsicko Limited (Registered number: 13200031)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 42,277
Additions 124,939
At 28 February 2024 167,216
DEPRECIATION
At 1 March 2023 13,995
Charge for year 42,163
At 28 February 2024 56,158
NET BOOK VALUE
At 28 February 2024 111,058
At 28 February 2023 28,282

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 28 February 2024 62,500
NET BOOK VALUE
At 28 February 2024 62,500
At 28 February 2023 62,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Amounts owed by participating interests 1,625 845
Other debtors 234,579 331,630
236,204 332,475

Carsicko Limited (Registered number: 13200031)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts - 101
Hire purchase contracts 12,772 -
Trade creditors 27,299 (1 )
Taxation and social security 42,676 335,124
Other creditors - 6,022
82,747 341,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 97,777 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2024 and 28 February 2023:

28.2.24 28.2.23
£    £   
O Otasowie
Balance outstanding at start of year 57,430 36,228
Amounts advanced 282,001 136,603
Amounts repaid (171,200 ) (115,401 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 168,231 57,430

Dividends of £170,000 declared in the accounts. Interest is charged on official HMRC interest rate.