IRIS Accounts Production v25.1.4.42 09781515 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09781515 2023-09-30 09781515 2024-09-30 09781515 2023-10-01 2024-09-30 09781515 2022-09-30 09781515 2022-10-01 2023-09-30 09781515 2023-09-30 09781515 ns15:EnglandWales 2023-10-01 2024-09-30 09781515 ns14:PoundSterling 2023-10-01 2024-09-30 09781515 ns10:Director1 2023-10-01 2024-09-30 09781515 ns10:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09781515 ns10:SmallEntities 2023-10-01 2024-09-30 09781515 ns10:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09781515 ns10:SmallCompaniesRegimeForDirectorsReport 2023-10-01 2024-09-30 09781515 ns10:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09781515 ns10:FullAccounts 2023-10-01 2024-09-30 09781515 ns10:Director2 2023-10-01 2024-09-30 09781515 ns10:RegisteredOffice 2023-10-01 2024-09-30 09781515 ns5:CurrentFinancialInstruments 2024-09-30 09781515 ns5:CurrentFinancialInstruments 2023-09-30 09781515 ns5:Non-currentFinancialInstruments 2024-09-30 09781515 ns5:Non-currentFinancialInstruments 2023-09-30 09781515 ns5:ShareCapital 2024-09-30 09781515 ns5:ShareCapital 2023-09-30 09781515 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 09781515 ns5:RetainedEarningsAccumulatedLosses 2023-09-30 09781515 ns5:PlantMachinery 2023-10-01 2024-09-30 09781515 ns5:PlantMachinery 2023-09-30 09781515 ns5:PlantMachinery 2024-09-30 09781515 ns5:PlantMachinery 2023-09-30 09781515 1 ns10:Director1 2023-09-30 09781515 1 ns10:Director1 2022-09-30 09781515 1 ns10:Director1 2023-10-01 2024-09-30 09781515 1 ns10:Director1 2022-10-01 2023-09-30 09781515 1 ns10:Director1 2024-09-30 09781515 1 ns10:Director1 2023-09-30

REGISTERED NUMBER: 09781515 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CARTER CABS LIMITED

| CARTER CABS LIMITED (REGISTERED NUMBER: 09781515) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| CARTER CABS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTORS: | D T Cosker

| F Peet

| REGISTERED OFFICE: | Unit 14 Saffron Court

| Southfields Business Park

| Basildon

| Essex

| SS15 6SS

| REGISTERED NUMBER: | 09781515 (England and Wales)

| ACCOUNTANTS: | Numera Partners LLP

| 4th Floor

| Charles House

| 108-110 Finchley Road

| London

| NW3 5JJ

| CARTER CABS LIMITED (REGISTERED NUMBER: 09781515) |

BALANCE SHEET

30 SEPTEMBER 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 35,483 |  | 67,603 |  |

CURRENT ASSETS

Cash at bank | - |  | 448 |  |

CREDITORS

Amounts falling due within one year | 5 | 75,901 |  | 66,938 |  |

NET CURRENT LIABILITIES | (75,901 | ) | (66,490 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (40,418 | ) | 1,113 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 369 |  | 51,927 |  |

NET LIABILITIES | (40,787 | ) | (50,814 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (40,788 | ) | (50,815 | ) |

(40,787 | ) | (50,814 | ) |

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:

D T Cosker - Director

| CARTER CABS LIMITED (REGISTERED NUMBER: 09781515) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Carter Cabs 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 (£) and rounded to the nearest £.

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.

| Going concern

| The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. There is sufficient funding in place to support the ongoing development.

| At the balance sheet date, the company's liabilities exceeded its assets by £40,787. In the opinion of the directors the company has the support of its creditors and financiers for the foreseeable future, and it is therefore considered appropriate to adopt the going concern policy.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilites that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

| 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.

| Plant and machinery etc | - | 20% on reducing balance

| Taxation

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

| CARTER CABS LIMITED (REGISTERED NUMBER: 09781515) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilites once they are no longer at the discretion of the company.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is higher of fair value less costs to sell and value in use. In assessing value in use, the estimated cash flows are discounted to their present value using a pre tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of asset (or cash-generating) unit is estimated to be less than its carrying amount, the carrying amount of the assets (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount , in which case the reversal of the impairment loss is treated as a revaluation increase.

| Financial instruments

| The company has elected to apply the provisions of section 11 'basic financial instruments' and section 12 'other financial instruments issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to contractual provisions of the instruments.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Classification of financial liabilities

| 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.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt , are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest method.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

3. | EMPLOYEES AND DIRECTORS

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

| CARTER CABS LIMITED (REGISTERED NUMBER: 09781515) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2023 | 157,270 |  |

| Disposals | (66,658 | ) |

| At 30 September 2024 | 90,612 |  |

| DEPRECIATION

| At 1 October 2023 | 89,667 |  |

| Charge for year | 12,941 |  |

| Eliminated on disposal | (47,479 | ) |

| At 30 September 2024 | 55,129 |  |

| NET BOOK VALUE

| At 30 September 2024 | 35,483 |  |

| At 30 September 2023 | 67,603 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans and overdrafts | 61 |  | - |  |

| Hire purchase contracts | 57,833 |  | 51,853 |  |

| Amounts owed to group undertakings | 2,600 |  | 2,600 |  |

| Other creditors | 15,407 |  | 12,485 |  |

75,901 |  | 66,938 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Hire purchase contracts | - |  | 50,083 |  |

| Other creditors | 369 |  | 1,844 |  |

369 |  | 51,927 |  |

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

| 30.9.24 |  | 30.9.23

£ | £ |

| D T Cosker

| Balance outstanding at start of year | (831 | ) | - |  |

| Amounts repaid | (923 | ) | (831 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,754 | ) | (831 | ) |