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REGISTERED NUMBER: 12550508 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CARTER & CO BARS LTD

CARTER & CO BARS LTD (REGISTERED NUMBER: 12550508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARTER & CO BARS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M FORFAR
S K CANNELL





SECRETARY:





REGISTERED OFFICE: 62 STAKES ROAD
PURBROOK
WATERLOOVILLE
Hampshire
PO7 5NT





REGISTERED NUMBER: 12550508 (England and Wales)





ACCOUNTANTS: Landi Accounting Limited
62 Stakes Road
Purbrook
Waterlooville
Hampshire
PO7 5NT

CARTER & CO BARS LTD (REGISTERED NUMBER: 12550508)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,398 260,949

CURRENT ASSETS
Stocks 19,500 21,000
Debtors 5 19,502 22,106
Cash at bank and in hand 63,071 49,298
102,073 92,404
CREDITORS
Amounts falling due within one year 6 266,379 306,768
NET CURRENT LIABILITIES (164,306 ) (214,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,092

46,585

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 62,092 45,585
63,092 46,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

CARTER & CO BARS LTD (REGISTERED NUMBER: 12550508)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:




M FORFAR - Director



S K CANNELL - Director


CARTER & CO BARS LTD (REGISTERED NUMBER: 12550508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

CARTER & CO BARS LTD 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 25 ).

CARTER & CO BARS LTD (REGISTERED NUMBER: 12550508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 June 2023 9,060 221,348 9,063
Additions - - -
At 31 May 2024 9,060 221,348 9,063
DEPRECIATION
At 1 June 2023 1,811 40,992 2,734
Charge for year 905 22,134 1,372
At 31 May 2024 2,716 63,126 4,106
NET BOOK VALUE
At 31 May 2024 6,344 158,222 4,957
At 31 May 2023 7,249 180,356 6,329

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 78,742 7,698 325,911
Additions 899 - 899
At 31 May 2024 79,641 7,698 326,810
DEPRECIATION
At 1 June 2023 15,005 4,420 64,962
Charge for year 7,761 2,278 34,450
At 31 May 2024 22,766 6,698 99,412
NET BOOK VALUE
At 31 May 2024 56,875 1,000 227,398
At 31 May 2023 63,737 3,278 260,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Prepayments and accrued income 19,502 22,106

CARTER & CO BARS LTD (REGISTERED NUMBER: 12550508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 54,247 33,149
Salary control 15,229 17,153
Social security and other taxes 9,884 3,401
VAT 10,214 27,543
Other creditors 26,588 43,855
Directors' current accounts 146,717 175,917
Accrued expenses 3,500 5,750
266,379 306,768