Carr Wealth Management Limited

Registered Number
06315336
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

Company Information
for the year from 1 August 2023 to 31 July 2024


Director	Carr, Mark Stuart


Company Secretary	Carr, Laura Ann


Registered Address	20 Foxhill Road Burton Joyce
	Nottingham
	NG14 5DB


Registered Number	06315336 (England and Wales)

Carr Wealth Management Limited

Balance Sheet as at
31 July 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		388		517
			388		517
Current assets
Debtors		34,859		38,840
		34,859		38,840
Creditors amounts falling due within one year		(30,662)		(28,806)
Net current assets (liabilities)			4,197		10,034
Total assets less current liabilities			4,585		10,551
Creditors amounts falling due after one year			(4,484)		(9,863)
Net assets			101		688
Capital and reserves
Called up share capital			10		10
Profit and loss account			91		678
Shareholders' funds			101		688

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 5 March 2025, and are signed on its behalf by:

Carr, Mark Stuart
Director
Registered Company No. 06315336

Carr Wealth Management Limited

Notes to the Financial Statements
for the year ended 31 July 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 August 23	2,188
	At 31 July 24	2,188
	Depreciation and impairment
	At 01 August 23	1,671
	Charge for year	129
	At 31 July 24	1,800
	Net book value
	At 31 July 24	388
	At 31 July 23	517