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Company Registration No. 06837800 (England and Wales)
CARITE LTD Unaudited accounts for the year ended 31 July 2024
CARITE LTD Unaudited accounts Contents
Page
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CARITE LTD Company Information for the year ended 31 July 2024
Director
Timothy John Maddocks
Company Number
06837800 (England and Wales)
Registered Office
1-3 MOORMEAD ROAD WROUGHTON SWINDON SN4 9BS ENGLAND
Accountants
Hammond & Co 36 Chesterfield Road Market Street Staveley Derbyshire S43 3UT
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CARITE LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,120,898 
1,471,696 
Current assets
Inventories
1,379,538 
1,176,213 
Debtors
146,668 
85,450 
Cash at bank and in hand
88,409 
70,562 
1,614,615 
1,332,225 
Creditors: amounts falling due within one year
(1,021,297)
(676,452)
Net current assets
593,318 
655,773 
Total assets less current liabilities
2,714,216 
2,127,469 
Creditors: amounts falling due after more than one year
(929,154)
(939,504)
Net assets
1,785,062 
1,187,965 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
955,000 
290,000 
Profit and loss account
830,060 
897,963 
Shareholders' funds
1,785,062 
1,187,965 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2025 and were signed on its behalf by
Timothy John Maddocks Director Company Registration No. 06837800
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CARITE LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
CARITE LTD is a private company, limited by shares, registered in England and Wales, registration number 06837800. The registered office is 1-3 MOORMEAD ROAD, WROUGHTON, SWINDON, SN4 9BS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
1,390,000 
31,020 
121,817 
16,108 
20,037 
1,578,982 
Additions
- 
2,500 
- 
- 
1,265 
3,765 
Revaluations
665,000 
- 
- 
- 
- 
665,000 
At 31 July 2024
2,055,000 
33,520 
121,817 
16,108 
21,302 
2,247,747 
Depreciation
At 1 August 2023
- 
18,922 
62,081 
9,251 
17,032 
107,286 
Charge for the year
- 
2,190 
14,935 
1,029 
1,409 
19,563 
At 31 July 2024
- 
21,112 
77,016 
10,280 
18,441 
126,849 
Net book value
At 31 July 2024
2,055,000 
12,408 
44,801 
5,828 
2,861 
2,120,898 
At 31 July 2023
1,390,000 
12,098 
59,736 
6,857 
3,005 
1,471,696 
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CARITE LTD Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
71,871 
29,836 
Other debtors
74,797 
55,614 
146,668 
85,450 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
330,267 
431,576 
VAT
43,146 
56,660 
Trade creditors
618,860 
65,206 
Taxes and social security
9,908 
70,114 
Other creditors
19,116 
12,375 
Loans from directors
- 
40,521 
1,021,297 
676,452 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
918,486 
918,736 
Obligations under finance leases and hire purchase contracts
10,668 
20,768 
929,154 
939,504 
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).
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