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REGISTERED NUMBER: SC568739 (Scotland)










Unaudited Financial Statements

for the Year Ended

30 June 2024

for

CARMICHAEL HOMES & INTERIORS LTD

CARMICHAEL HOMES & INTERIORS LTD (REGISTERED NUMBER: SC568739)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARMICHAEL HOMES & INTERIORS LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S A Carmichael





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC568739 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

CARMICHAEL HOMES & INTERIORS LTD (REGISTERED NUMBER: SC568739)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 69,943 69,943
Cash at bank and in hand 2,051 1,818
71,994 71,761
CREDITORS
Amounts falling due within one year 5 (177,600 ) (177,584 )
NET CURRENT LIABILITIES (105,606 ) (105,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(105,606

)

(105,823

)

CREDITORS
Amounts falling due after more than one
year

6

(9,120

)

(19,167

)
NET LIABILITIES (114,726 ) (124,990 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (114,826 ) (125,090 )
(114,726 ) (124,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CARMICHAEL HOMES & INTERIORS LTD (REGISTERED NUMBER: SC568739)

Balance Sheet - continued
30 June 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 26 March 2025 and were signed by:





S A Carmichael - Director


CARMICHAEL HOMES & INTERIORS LTD (REGISTERED NUMBER: SC568739)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Carmichael Homes & Interiors Ltd is a private company, limited by shares , registered in Scotland. 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.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

Going concern
The company has net liabilities of £114,726 at 30 June 2023 and is reliant on the support of investors and associated companies who have indicated that they will not seek repayment of sums owed to them to the detriment of other creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

CARMICHAEL HOMES & INTERIORS LTD (REGISTERED NUMBER: SC568739)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 61,880 61,880
Other debtors 8,063 8,063
69,943 69,943

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 16 -
Amounts owed to associates 42,329 42,329
Other creditors 125,255 125,255
177,600 177,584

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,120 19,167