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REGISTERED NUMBER: 06775417 (England and Wales)





















CARTER SBM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024






CARTER SBM LIMITED (REGISTERED NUMBER: 06775417)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CARTER SBM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTORS: R Carter
M Newton





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 06775417 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

CARTER SBM LIMITED (REGISTERED NUMBER: 06775417)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,895 334

CURRENT ASSETS
Debtors 5 56,045 75,598

CREDITORS
Amounts falling due within one year 6 60,935 48,784
NET CURRENT (LIABILITIES)/ASSETS (4,890 ) 26,814
TOTAL ASSETS LESS CURRENT LIABILITIES 1,005 27,148

CREDITORS
Amounts falling due after more than one
year

7

-

27,145
NET ASSETS 1,005 3

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,003 1
SHAREHOLDERS' FUNDS 1,005 3

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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 SBM LIMITED (REGISTERED NUMBER: 06775417)

BALANCE SHEET - continued
30 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





R Carter - Director


CARTER SBM LIMITED (REGISTERED NUMBER: 06775417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


1. STATUTORY INFORMATION

Carter SBM 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CARTER SBM LIMITED (REGISTERED NUMBER: 06775417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 March 2023 1,434 14,615 16,049
Additions - 7,529 7,529
At 30 March 2024 1,434 22,144 23,578
DEPRECIATION
At 31 March 2023 1,209 14,506 15,715
Charge for year 56 1,912 1,968
At 30 March 2024 1,265 16,418 17,683
NET BOOK VALUE
At 30 March 2024 169 5,726 5,895
At 30 March 2023 225 109 334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,340 4,626
Other debtors 45,705 70,972
56,045 75,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,025 2,263
Taxation and social security 36,009 25,175
Other creditors 20,901 21,346
60,935 48,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 27,145

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

CARTER SBM LIMITED (REGISTERED NUMBER: 06775417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 March 2024 and the period ended 30 March 2023:

2024 2023
£    £   
R Carter
Balance outstanding at start of year 41,438 29,647
Amounts advanced - 11,791
Amounts repaid (11,590 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,848 41,438

M Newton
Balance outstanding at start of year (10,845 ) (13,121 )
Amounts advanced 1,914 2,276
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,931 ) (10,845 )