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Registration number: 09674421

Garry Carr Building Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Garry Carr Building Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Garry Carr Building Services Ltd

Company Information

Directors

Mr Garry Carr

Mrs Angela Carr

Registered office

Beckett House
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

Accountants

Beckett Rawcliffe Limited
Chartered AccountantsUnit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

Garry Carr Building Services Ltd

(Registration number: 09674421)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

-

1,000

Tangible assets

5

54,624

56,483

Investment property

6

266,911

319,758

 

321,535

377,241

Current assets

 

Debtors

7

2,180

4,090

Cash at bank and in hand

 

289,010

232,956

 

291,190

237,046

Creditors: Amounts falling due within one year

8

(51,226)

(81,656)

Net current assets

 

239,964

155,390

Net assets

 

561,499

532,631

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

561,399

532,531

Shareholders' funds

 

561,499

532,631

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 July 2025 and signed on its behalf by:
 

.........................................
Mr Garry Carr
Director

   
     
 

Garry Carr Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Beckett House
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX
England

The principal place of business is:
Southlands Farm
Head Dyke Lane
Pilling
Lancashire
PR3 6SD

These financial statements were authorised for issue by the Board on 12 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Garry Carr Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% straight line

Plant & Machinery

15% on written down value

Motor Vehicles

25% on written down value

Office Equipment

25% on written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Garry Carr Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

 

Garry Carr Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

10,000

10,000

At 31 March 2025

10,000

10,000

Amortisation

At 1 April 2024

9,000

9,000

Amortisation charge

1,000

1,000

At 31 March 2025

10,000

10,000

Carrying amount

At 31 March 2025

-

-

At 31 March 2024

1,000

1,000

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 April 2024

55,000

2,474

10,035

67,509

At 31 March 2025

55,000

2,474

10,035

67,509

Depreciation

At 1 April 2024

2,200

1,890

6,936

11,026

Charge for the year

1,248

146

465

1,859

At 31 March 2025

3,448

2,036

7,401

12,885

Carrying amount

At 31 March 2025

51,552

438

2,634

54,624

At 31 March 2024

52,800

584

3,099

56,483

Included within the net book value of land and buildings above is £51,552 (2024 - £52,800) in respect of freehold land and buildings.
 

6

Investment properties

 

Garry Carr Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2025
£

At 1 April

319,758

Additions

207,800

Disposals

(260,647)

At 31 March

266,911

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2025
£

2024
£

Trade debtors

2,180

4,038

Other debtors

-

52

 

2,180

4,090

 

Garry Carr Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

-

861

Taxation and social security

27,969

20,755

Accruals and deferred income

1,500

1,500

Other creditors

21,757

58,540

51,226

81,656

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

10

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £600.00 (2024 - £400.00) per each Ordinary

60,000

40,000

 

 

11

Related party transactions

 

Garry Carr Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

22,550

20,469

Contributions paid to money purchase schemes

735

597

23,285

21,066

12

Parent and ultimate parent undertaking

The ultimate controlling party is Garry Carr and Angela Carr.