Carter Mills SW2 Ltd
Registered number: 09725959
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,727 24,705
Current assets
Debtors 4 25,212 30,316
Cash at bank and in hand 303 1,015
25,515 31,331
Creditors: amounts falling due within one year 5 (37,065) (43,183)
Net current liabilities (11,550) (11,852)
Total assets less current liabilities 37,177 12,853
Creditors: amounts falling due after more than one year 6 (46,842) (26,029)
Net liabilities (9,665) (13,176)
Capital and reserves
Called up share capital 1 1
Profit and loss account (9,666) (13,177)
Shareholder's funds (9,665) (13,176)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the board on 28 May 2025 and signed by:
Dawn Carter
Director
Carter Mills SW2 Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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.
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 5 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 3,452 42,270 45,722
Additions - 55,490 55,490
Disposals - (42,270) (42,270)
At 31 August 2024 3,452 55,490 58,942
Depreciation
At 1 September 2023 3,189 17,828 21,017
Charge for the year 263 6,763 7,026
On disposals - (17,828) (17,828)
At 31 August 2024 3,452 6,763 10,215
Net book value
At 31 August 2024 - 48,727 48,727
At 31 August 2023 263 24,442 24,705
4 Debtors 2024 2023
£ £
Other debtors 25,212 30,316
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,005 8,625
Obligations under finance lease and hire purchase contracts 5,834 5,056
Trade creditors 16,590 16,590
Corporation tax 2,344 2,718
Other taxes and social security costs 344 42
Other creditors 3,948 10,152
37,065 43,183
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,288 7,108
Obligations under finance lease and hire purchase contracts 43,554 18,921
46,842 26,029
7 Other information
Carter Mills SW2 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
112c Brixton Hill
London
SW2 1AH
Carter Mills SW2 Ltd 09725959 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 Dawn Carter No description of principal activity 09725959 2022-09-01 2023-08-31 09725959 core:WithinOneYear 2023-08-31 09725959 core:AfterOneYear 2023-08-31 09725959 core:ShareCapital 2023-08-31 09725959 core:RetainedEarningsAccumulatedLosses 2023-08-31 09725959 2023-09-01 2024-08-31 09725959 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09725959 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09725959 bus:Director40 2023-09-01 2024-08-31 09725959 1 2023-09-01 2024-08-31 09725959 2 2023-09-01 2024-08-31 09725959 core:PlantMachinery 2023-09-01 2024-08-31 09725959 core:Vehicles 2023-09-01 2024-08-31 09725959 countries:England 2023-09-01 2024-08-31 09725959 bus:FRS102 2023-09-01 2024-08-31 09725959 bus:FilletedAccounts 2023-09-01 2024-08-31 09725959 2024-08-31 09725959 core:WithinOneYear 2024-08-31 09725959 core:AfterOneYear 2024-08-31 09725959 core:ShareCapital 2024-08-31 09725959 core:RetainedEarningsAccumulatedLosses 2024-08-31 09725959 core:PlantMachinery 2024-08-31 09725959 core:Vehicles 2024-08-31 09725959 2023-08-31 09725959 core:PlantMachinery 2023-08-31 09725959 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure