Company Registration No. 06837800 (England and Wales)
CARITE LTD
Unaudited accounts
for the year ended 31 July 2024
CARITE LTD
Unaudited accounts
Contents
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
CARITE LTD
Statement of financial position
as at 31 July 2024
Tangible assets
2,120,898
1,471,696
Inventories
1,379,538
1,176,213
Cash at bank and in hand
88,409
70,562
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
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
CARITE LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
CARITE LTD
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
71,871
29,836
Other debtors
74,797
55,614
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
330,267
431,576
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
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
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).