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REGISTERED NUMBER: 04393130 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

CARAS (UK) LIMITED

CARAS (UK) LIMITED (REGISTERED NUMBER: 04393130)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARAS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: L. Morley
L. N Morley



SECRETARY: N L Morley



REGISTERED OFFICE: 10 Nicholas Street
Chester
Cheshire
CH1 2NX



REGISTERED NUMBER: 04393130 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
10 Nicholas Street
Chester
CH1 2NX



BANKERS: Barclays Bank plc
Leicester
Leicestershire
LE87 2BB

CARAS (UK) LIMITED (REGISTERED NUMBER: 04393130)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 380,143 288,782

CURRENT ASSETS
Debtors 5 262,793 206,199
Cash at bank 280,529 94,221
543,322 300,420
CREDITORS
Amounts falling due within one year 6 303,115 208,399
NET CURRENT ASSETS 240,207 92,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,350

380,803

CREDITORS
Amounts falling due after more than one
year

7

(218,665

)

(41,686

)

PROVISIONS FOR LIABILITIES 9 (95,037 ) (72,196 )
NET ASSETS 306,648 266,921

CAPITAL AND RESERVES
Called up share capital 199 199
Retained earnings 306,449 266,722
SHAREHOLDERS' FUNDS 306,648 266,921

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

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

CARAS (UK) LIMITED (REGISTERED NUMBER: 04393130)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th April 2025 and were signed on its behalf by:





L. N Morley - Director


CARAS (UK) LIMITED (REGISTERED NUMBER: 04393130)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Caras (Uk) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CARAS (UK) LIMITED (REGISTERED NUMBER: 04393130)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st July 2023 660,969 34,030 183,463 878,462
Additions 180,198 - 35,019 215,217
At 30th June 2024 841,167 34,030 218,482 1,093,679
DEPRECIATION
At 1st July 2023 444,956 17,737 126,987 589,680
Charge for year 92,236 4,283 27,337 123,856
At 30th June 2024 537,192 22,020 154,324 713,536
NET BOOK VALUE
At 30th June 2024 303,975 12,010 64,158 380,143
At 30th June 2023 216,013 16,293 56,476 288,782

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st July 2023 192,500 43,447 235,947
Additions 75,000 - 75,000
At 30th June 2024 267,500 43,447 310,947
DEPRECIATION
At 1st July 2023 128,400 24,684 153,084
Charge for year 37,096 5,520 42,616
At 30th June 2024 165,496 30,204 195,700
NET BOOK VALUE
At 30th June 2024 102,004 13,243 115,247
At 30th June 2023 64,100 18,763 82,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 227,533 157,624
Other debtors - 8,912
VAT 33,504 37,183
Prepayments 1,756 2,480
262,793 206,199

CARAS (UK) LIMITED (REGISTERED NUMBER: 04393130)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 84,321 10,002
Hire purchase contracts 23,342 19,782
Trade creditors 18,412 30,561
Tax 13,525 -
Social security and other taxes 12,277 7,889
Other creditors 5,086 12,610
Other creditors - Loans 553 553
Directors' current accounts 137,501 121,651
Accrued expenses 8,098 5,351
303,115 208,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 84,321 10,002
Bank loans - 2-5 years 101,621 18,329
Hire purchase contracts 32,723 13,355
218,665 41,686

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 56,065 33,137

Security is held on the assets for which the finance has been provided.

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 95,037 54,870
Other timing differences - 17,326
95,037 72,196

Deferred
tax
£   
Balance at 1st July 2023 72,196
Movement in provision:
Changes in tax allowance 22,841
Changes in tax rates
Balance at 30th June 2024 95,037

CARAS (UK) LIMITED (REGISTERED NUMBER: 04393130)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L. N Morley.