REGISTERED NUMBER: 08273695 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ERIC CARNABY & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E Carnaby

E R Carnaby

REGISTERED OFFICE:

Holton Farm

South Killingholme

Immingham

North Lincolnshire

DN40 3DA

REGISTERED NUMBER:

08273695 (England and Wales)

ACCOUNTANTS:

D Flynn Associates Limited

Chartered Certified Accountants

and Business Advisors

23 Chantry Lane

Grimsby

N E Lincolnshire

DN31 2LP

FIXED ASSETS

20,000

Intangible assets

4

10,000

928,660

Tangible assets

5

951,601

948,660

961,601

CURRENT ASSETS

6,070

Stocks

6,875

132,615

Debtors

6

79,046

206

Cash at bank and in hand

134,774

138,891

220,695

CREDITORS

276,111

Amounts falling due within one year

7

321,150

(137,220

)

NET CURRENT LIABILITIES

(100,455

)

811,440

TOTAL ASSETS LESS CURRENT LIABILITIES

861,146

CREDITORS

(244,039

)

Amounts falling due after more than one year

8

(178,862

)

(163,297

)

PROVISIONS FOR LIABILITIES

(182,704

)

404,104

NET ASSETS

499,580

CAPITAL AND RESERVES

10,000

Called up share capital

10,000

394,104

Retained earnings

489,580

404,104

499,580

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

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

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 20 March 2025 and were signed on its behalf by:

E R Carnaby - Director

1.	STATUTORY INFORMATION

Eric Carnaby & Son 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2023 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

100,000

AMORTISATION

At 1 November 2023

80,000

Charge for year

10,000

At 31 October 2024

90,000

NET BOOK VALUE

At 31 October 2024

10,000

At 31 October 2023

20,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

1,453,988

Additions

223,979

Disposals

(152,685

)

At 31 October 2024

1,525,282

DEPRECIATION

At 1 November 2023

525,328

Charge for year

152,076

Eliminated on disposal

(103,723

)

At 31 October 2024

573,681

NET BOOK VALUE

At 31 October 2024

951,601

At 31 October 2023

928,660

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2023

521,515

Additions

120,048

Reclassification/transfer

81,090

At 31 October 2024

722,653

DEPRECIATION

At 1 November 2023

127,088

Charge for year

84,741

At 31 October 2024

211,829

NET BOOK VALUE

At 31 October 2024

510,824

At 31 October 2023

394,427

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

64,323

34,090

Other debtors

14,723

98,525

79,046

132,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

10,000

28,887

Hire purchase contracts

125,120

154,128

Trade creditors

99,424

48,235

Taxation and social security

74,784

17,999

Other creditors

11,822

26,862

321,150

276,111

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

21,567

21,567

Hire purchase contracts

157,295

222,472

178,862

244,039

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

31.10.23

£

£

Bank overdraft

-

18,887

Bank loans

31,567

31,567

Hire purchase contracts

282,415

376,600

313,982

427,054

The bank overdraft and loans are secured against the fixed and floating charge of the company assets. The hire purchase obligations are secured against the assets to which they relate.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, E. Carnaby & Son Property had a balance owing from the company of £Nil (2023: £18,242). The is a partnership where the partners are the same as the directors of Eric Carnaby & Son Limited.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.