2023-09-012024-08-312024-08-31false08860795CARTELLO ADAMS LTD2025-05-20falseiso4217:GBPxbrli:pure088607952023-09-01088607952024-08-31088607952023-09-012024-08-31088607952022-09-01088607952023-08-31088607952022-09-012023-08-3108860795bus:SmallEntities2023-09-012024-08-3108860795bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3108860795bus:AbridgedAccounts2023-09-012024-08-3108860795bus:PrivateLimitedCompanyLtd2023-09-012024-08-3108860795core:WithinOneYear2024-08-3108860795core:AfterOneYear2024-08-3108860795core:WithinOneYear2023-08-3108860795core:AfterOneYear2023-08-3108860795core:ShareCapital2024-08-3108860795core:SharePremium2024-08-3108860795core:RevaluationReserve2024-08-3108860795core:OtherReservesSubtotal2024-08-3108860795core:RetainedEarningsAccumulatedLosses2024-08-3108860795core:ShareCapital2023-08-3108860795core:SharePremium2023-08-3108860795core:RevaluationReserve2023-08-3108860795core:OtherReservesSubtotal2023-08-3108860795core:RetainedEarningsAccumulatedLosses2023-08-3108860795core:LandBuildings2024-08-3108860795core:PlantMachinery2024-08-3108860795core:Vehicles2024-08-3108860795core:FurnitureFittings2024-08-3108860795core:OfficeEquipment2024-08-3108860795core:NetGoodwill2024-08-3108860795core:IntangibleAssetsOtherThanGoodwill2024-08-3108860795core:ListedExchangeTraded2024-08-3108860795core:UnlistedNon-exchangeTraded2024-08-3108860795core:LandBuildings2023-08-3108860795core:PlantMachinery2023-08-3108860795core:Vehicles2023-08-3108860795core:FurnitureFittings2023-08-3108860795core:OfficeEquipment2023-08-3108860795core:NetGoodwill2023-08-3108860795core:IntangibleAssetsOtherThanGoodwill2023-08-3108860795core:ListedExchangeTraded2023-08-3108860795core:UnlistedNon-exchangeTraded2023-08-3108860795core:LandBuildings2023-09-012024-08-3108860795core:PlantMachinery2023-09-012024-08-3108860795core:Vehicles2023-09-012024-08-3108860795core:FurnitureFittings2023-09-012024-08-3108860795core:OfficeEquipment2023-09-012024-08-3108860795core:NetGoodwill2023-09-012024-08-3108860795core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3108860795core:ListedExchangeTraded2023-09-012024-08-3108860795core:UnlistedNon-exchangeTraded2023-09-012024-08-3108860795core:MoreThanFiveYears2023-09-012024-08-3108860795core:Non-currentFinancialInstruments2024-08-3108860795core:Non-currentFinancialInstruments2023-08-3108860795dpl:CostSales2023-09-012024-08-3108860795dpl:DistributionCosts2023-09-012024-08-3108860795core:LandBuildings2023-09-012024-08-3108860795core:PlantMachinery2023-09-012024-08-3108860795core:Vehicles2023-09-012024-08-3108860795core:FurnitureFittings2023-09-012024-08-3108860795core:OfficeEquipment2023-09-012024-08-3108860795dpl:AdministrativeExpenses2023-09-012024-08-3108860795core:NetGoodwill2023-09-012024-08-3108860795core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3108860795dpl:GroupUndertakings2023-09-012024-08-3108860795dpl:ParticipatingInterests2023-09-012024-08-3108860795dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3108860795core:ListedExchangeTraded2023-09-012024-08-3108860795dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3108860795core:UnlistedNon-exchangeTraded2023-09-012024-08-3108860795dpl:CostSales2022-09-012023-08-3108860795dpl:DistributionCosts2022-09-012023-08-3108860795core:LandBuildings2022-09-012023-08-3108860795core:PlantMachinery2022-09-012023-08-3108860795core:Vehicles2022-09-012023-08-3108860795core:FurnitureFittings2022-09-012023-08-3108860795core:OfficeEquipment2022-09-012023-08-3108860795dpl:AdministrativeExpenses2022-09-012023-08-3108860795core:NetGoodwill2022-09-012023-08-3108860795core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3108860795dpl:GroupUndertakings2022-09-012023-08-3108860795dpl:ParticipatingInterests2022-09-012023-08-3108860795dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3108860795core:ListedExchangeTraded2022-09-012023-08-3108860795dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3108860795core:UnlistedNon-exchangeTraded2022-09-012023-08-3108860795core:NetGoodwill2024-08-3108860795core:IntangibleAssetsOtherThanGoodwill2024-08-3108860795core:LandBuildings2024-08-3108860795core:PlantMachinery2024-08-3108860795core:Vehicles2024-08-3108860795core:FurnitureFittings2024-08-3108860795core:OfficeEquipment2024-08-3108860795core:AfterOneYear2024-08-3108860795core:WithinOneYear2024-08-3108860795core:ListedExchangeTraded2024-08-3108860795core:UnlistedNon-exchangeTraded2024-08-3108860795core:ShareCapital2024-08-3108860795core:SharePremium2024-08-3108860795core:RevaluationReserve2024-08-3108860795core:OtherReservesSubtotal2024-08-3108860795core:RetainedEarningsAccumulatedLosses2024-08-3108860795core:NetGoodwill2023-08-3108860795core:IntangibleAssetsOtherThanGoodwill2023-08-3108860795core:LandBuildings2023-08-3108860795core:PlantMachinery2023-08-3108860795core:Vehicles2023-08-3108860795core:FurnitureFittings2023-08-3108860795core:OfficeEquipment2023-08-3108860795core:AfterOneYear2023-08-3108860795core:WithinOneYear2023-08-3108860795core:ListedExchangeTraded2023-08-3108860795core:UnlistedNon-exchangeTraded2023-08-3108860795core:ShareCapital2023-08-3108860795core:SharePremium2023-08-3108860795core:RevaluationReserve2023-08-3108860795core:OtherReservesSubtotal2023-08-3108860795core:RetainedEarningsAccumulatedLosses2023-08-3108860795core:NetGoodwill2022-09-0108860795core:IntangibleAssetsOtherThanGoodwill2022-09-0108860795core:LandBuildings2022-09-0108860795core:PlantMachinery2022-09-0108860795core:Vehicles2022-09-0108860795core:FurnitureFittings2022-09-0108860795core:OfficeEquipment2022-09-0108860795core:AfterOneYear2022-09-0108860795core:WithinOneYear2022-09-0108860795core:ListedExchangeTraded2022-09-0108860795core:UnlistedNon-exchangeTraded2022-09-0108860795core:ShareCapital2022-09-0108860795core:SharePremium2022-09-0108860795core:RevaluationReserve2022-09-0108860795core:OtherReservesSubtotal2022-09-0108860795core:RetainedEarningsAccumulatedLosses2022-09-0108860795core:AfterOneYear2023-09-012024-08-3108860795core:WithinOneYear2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3108860795core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3108860795core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3108860795core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3108860795core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3108860795core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3108860795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3108860795core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3108860795core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3108860795core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3108860795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3108860795core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3108860795bus:Director12023-09-012024-08-31

CARTELLO ADAMS LTD

Registered Number
08860795
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

CARTELLO ADAMS LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

ADAMS, Darren William

Registered Address

Cartello
Lichfield Road
Burntwood
WS7 0HJ

Registered Number

08860795 (England and Wales)
CARTELLO ADAMS LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4331,972354,462
331,972354,462
Current assets
Debtors5330,958211,837
Cash at bank and on hand119,628226,443
450,586438,280
Creditors amounts falling due within one year6(171,742)(145,180)
Net current assets (liabilities)278,844293,100
Total assets less current liabilities610,816647,562
Creditors amounts falling due after one year7(43,515)(70,505)
Provisions for liabilities(17,225)(17,225)
Net assets550,076559,832
Capital and reserves
Called up share capital1,0001,000
Profit and loss account549,076558,832
Shareholders' funds550,076559,832
The financial statements were approved and authorised for issue by the Director on 20 May 2025, and are signed on its behalf by:
ADAMS, Darren William
Director
Registered Company No. 08860795
CARTELLO ADAMS LTD
Notes to the Financial Statements
for the year ended 31 August 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year023
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 23689,702
Additions74,883
At 31 August 24764,585
Depreciation and impairment
At 01 September 23335,240
Charge for year97,373
At 31 August 24432,613
Net book value
At 31 August 24331,972
At 31 August 23354,462
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables323,474210,787
Other debtors-254
Prepayments and accrued income7,484796
Total330,958211,837
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables86,87286,781
Taxation and social security22,5543,499
Finance lease and HP contracts26,98426,984
Other creditors3360
Accrued liabilities and deferred income35,32927,556
Total171,742145,180
7.Creditors: amounts due after one year

2024

2023

££
Other creditors43,51570,505
Total43,51570,505
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts43,51570,505