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Company No: 04816387 (England and Wales)

J H CARNELL LTD

Unaudited Financial Statements
For the financial period from 01 July 2023 to 31 December 2024
Pages for filing with the registrar

J H CARNELL LTD

Unaudited Financial Statements

For the financial period from 01 July 2023 to 31 December 2024

Contents

J H CARNELL LTD

BALANCE SHEET

As at 31 December 2024
J H CARNELL LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 30.06.2023
£ £
Fixed assets
Tangible assets 3 5,553 6,551
5,553 6,551
Current assets
Debtors 4 840 741
Cash at bank and in hand 90 704
930 1,445
Creditors: amounts falling due within one year 5 ( 14,190) ( 10,987)
Net current liabilities (13,260) (9,542)
Total assets less current liabilities (7,707) (2,991)
Net liabilities ( 7,707) ( 2,991)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 7,807 ) ( 3,091 )
Total shareholder's deficit ( 7,707) ( 2,991)

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of J H Carnell Ltd (registered number: 04816387) were approved and authorised for issue by the Director on 30 May 2025. They were signed on its behalf by:

Mr J H Carnell
Director
J H CARNELL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 December 2024
J H CARNELL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J H Carnell Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Defined benefit schemes
For defined benefit schemes the amounts charged to operating profit are the costs arising from employee services rendered during the period and the cost of plan introductions, benefit changes, settlements and curtailments. They are included as part of staff costs. The net interest cost on the net defined benefit liability is charged to the Profit and Loss Account and included within finance costs. Remeasurement comprising actuarial gains and losses and the return on scheme assets (excluding amounts included in net interest on the net defined benefit liability) are recognised immediately in the Statement of Comprehensive Income.

Defined benefit schemes are funded, with the assets of the scheme held separately from those of the Company, in separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit credit method. Actuarial valuations are obtained at least triennially and are updated at each Balance Sheet date.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial valuations.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
01.07.2023 to
31.12.2024
Year ended
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 0 0

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 July 2023 24,496 24,496
At 31 December 2024 24,496 24,496
Accumulated depreciation
At 01 July 2023 17,945 17,945
Charge for the financial period 998 998
At 31 December 2024 18,943 18,943
Net book value
At 31 December 2024 5,553 5,553
At 30 June 2023 6,551 6,551

4. Debtors

31.12.2024 30.06.2023
£ £
Other debtors 840 741

5. Creditors: amounts falling due within one year

31.12.2024 30.06.2023
£ £
Trade creditors 0 3,343
Amounts owed to director 12,743 6,621
Accruals 901 500
Other taxation and social security 546 523
14,190 10,987

6. Called-up share capital

31.12.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's director

31.12.2024 30.06.2023
£ £
Amounts owed to the director 12,743 6,621

During the period a loan existed between the director and the company. No interest has been charged and the loan is repayable on demand.