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REGISTERED NUMBER: 11449379 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

CARBOLTS LTD

CARBOLTS LTD (REGISTERED NUMBER: 11449379)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARBOLTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: J J E Arnott





REGISTERED OFFICE: 5 Finkle Street
Sowerby Bridge
Halifax
West Yorkshire
HX6 1NG





REGISTERED NUMBER: 11449379 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 8,750
Tangible assets 5 221,606 235,240
229,106 243,990

CURRENT ASSETS
Stocks 80,000 80,000
Debtors 6 22,717 39,563
Cash at bank 25,857 63,460
128,574 183,023
CREDITORS
Amounts falling due within one year 7 185,615 240,110
NET CURRENT LIABILITIES (57,041 ) (57,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,065

186,903

CREDITORS
Amounts falling due after more than
one year

8

147,860

139,549
NET ASSETS 24,205 47,354

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 24,105 47,254
SHAREHOLDERS' FUNDS 24,205 47,354

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

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

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

BALANCE SHEET - continued
31ST JULY 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 16th April 2025 and were signed by:





J J E Arnott - Director


CARBOLTS LTD (REGISTERED NUMBER: 11449379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Carbolts Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

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.

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 12,500
AMORTISATION
At 1st August 2023 3,750
Amortisation for year 1,250
At 31st July 2024 5,000
NET BOOK VALUE
At 31st July 2024 7,500
At 31st July 2023 8,750

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st August 2023
and 31st July 2024 250,000 1,457 4,213 255,670
DEPRECIATION
At 1st August 2023 17,448 600 2,382 20,430
Charge for year 12,500 291 843 13,634
At 31st July 2024 29,948 891 3,225 34,064
NET BOOK VALUE
At 31st July 2024 220,052 566 988 221,606
At 31st July 2023 232,552 857 1,831 235,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,408 32,147
Other debtors 401 6,606
Prepayments and accrued income 908 810
22,717 39,563

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,432 15,000
Trade creditors 16,816 6,630
Tax 6,659 35,752
VAT 8,197 2,154
Other creditors 1,338 -
Pension 240 351
Directors' current accounts 123,387 136,928
Accrued expenses 15,546 43,295
185,615 240,110

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 13,432 15,000
Bank loans - 2-5 years 40,296 45,000
Bank loans more 5 yr by instal 94,132 79,549
147,860 139,549

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 94,132 79,549

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100