5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 10,513 3,891 6,622 xbrli:pure xbrli:shares iso4217:GBP 08168547 2023-09-01 2024-08-31 08168547 2024-08-31 08168547 2023-08-31 08168547 2022-09-01 2023-08-31 08168547 2023-08-31 08168547 2022-08-31 08168547 core:PlantMachinery 2023-09-01 2024-08-31 08168547 core:MotorVehicles 2023-09-01 2024-08-31 08168547 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 08168547 bus:Director2 2023-09-01 2024-08-31 08168547 core:PlantMachinery 2023-08-31 08168547 core:MotorVehicles 2023-08-31 08168547 core:PlantMachinery 2024-08-31 08168547 core:MotorVehicles 2024-08-31 08168547 core:WithinOneYear 2024-08-31 08168547 core:WithinOneYear 2023-08-31 08168547 core:AfterOneYear 2024-08-31 08168547 core:AfterOneYear 2023-08-31 08168547 core:ShareCapital 2024-08-31 08168547 core:ShareCapital 2023-08-31 08168547 core:RetainedEarningsAccumulatedLosses 2024-08-31 08168547 core:RetainedEarningsAccumulatedLosses 2023-08-31 08168547 core:DeferredTaxation 2023-09-01 2024-08-31 08168547 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 08168547 core:AcceleratedTaxDepreciationDeferredTax 2023-08-31 08168547 core:TaxLossesCarry-forwardsDeferredTax 2024-08-31 08168547 core:PlantMachinery 2023-08-31 08168547 core:MotorVehicles 2023-08-31 08168547 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-08-31 08168547 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-08-31 08168547 core:DeferredTaxation 2023-08-31 08168547 core:DeferredTaxation 2024-08-31 08168547 bus:Director1 2023-09-01 2024-08-31 08168547 bus:SmallEntities 2023-09-01 2024-08-31 08168547 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08168547 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08168547 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08168547 bus:FullAccounts 2023-09-01 2024-08-31 08168547 bus:OrdinaryShareClass1 2024-08-31 08168547 bus:OrdinaryShareClass1 2023-08-31
COMPANY REGISTRATION NUMBER: 08168547
CARVALL HOMES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
CARVALL HOMES LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
41,533
55,333
Current assets
Stocks
2,827,985
1,175,566
Debtors
6
668,910
1,313,285
Cash at bank and in hand
6,205
73,609
-------------
-------------
3,503,100
2,562,460
Creditors: amounts falling due within one year
7
2,412,342
1,447,304
-------------
-------------
Net current assets
1,090,758
1,115,156
-------------
-------------
Total assets less current liabilities
1,132,291
1,170,489
Creditors: amounts falling due after more than one year
8
27,156
36,860
Provisions
9
6,622
10,513
-------------
-------------
Net assets
1,098,513
1,123,116
-------------
-------------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
1,098,413
1,123,016
-------------
-------------
Shareholders funds
1,098,513
1,123,116
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CARVALL HOMES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
J.A. Carvall
Director
Company registration number: 08168547
CARVALL HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st AUGUST 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kirkstone, Hazel Way, Coulsdon, Surrey, CR5 3PJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1st September 2023
9,298
95,960
105,258
Additions
3,117
3,117
Disposals
( 16,105)
( 16,105)
---------
---------
----------
At 31st August 2024
12,415
79,855
92,270
---------
---------
----------
Depreciation
At 1st September 2023
5,464
44,461
49,925
Charge for the year
1,355
12,875
14,230
Disposals
( 13,418)
( 13,418)
---------
---------
----------
At 31st August 2024
6,819
43,918
50,737
---------
---------
----------
Carrying amount
At 31st August 2024
5,596
35,937
41,533
---------
---------
----------
At 31st August 2023
3,834
51,499
55,333
---------
---------
----------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 31st August 2024
33,240
---------
At 31st August 2023
44,320
---------
6. Debtors
2024
2023
£
£
Trade debtors
451,436
308,765
Other debtors
217,474
1,004,520
----------
-------------
668,910
1,313,285
----------
-------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
94,950
19,481
Social security and other taxes
38,360
31,752
Other creditors
2,279,032
1,396,071
-------------
-------------
2,412,342
1,447,304
-------------
-------------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
27,156
36,860
---------
---------
9. Provisions
Deferred tax (note 10)
£
At 1st September 2023
10,513
Charge against provision
( 3,891)
---------
At 31st August 2024
6,622
---------
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 9)
6,622
10,513
-------
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
10,383
10,513
Unused tax losses
( 3,761)
---------
---------
6,622
10,513
---------
---------
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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----
----
----