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REGISTERED NUMBER: 12983988 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CARCHAT LTD

CARCHAT LTD (REGISTERED NUMBER: 12983988)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARCHAT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: M S Goodwin





REGISTERED OFFICE: Suite 7 Maxron House
Green Lane, Romiley
Stockport
Cheshire
SK6 3JQ





REGISTERED NUMBER: 12983988 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

CARCHAT LTD (REGISTERED NUMBER: 12983988)

BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,994 22,699

CURRENT ASSETS
Debtors 5 534,031 336,816
Cash at bank and in hand 820 8,252
534,851 345,068
CREDITORS
Amounts falling due within one year 6 120,487 66,182
NET CURRENT ASSETS 414,364 278,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,358

301,585

CREDITORS
Amounts falling due after more than one
year

7

(91,768

)

-

PROVISIONS FOR LIABILITIES 8 (20,735 ) (5,469 )
NET ASSETS 483,855 296,116

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 483,854 296,115
SHAREHOLDERS' FUNDS 483,855 296,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CARCHAT LTD (REGISTERED NUMBER: 12983988)

BALANCE SHEET - continued
31 OCTOBER 2024


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 director and authorised for issue on 19 June 2025 and were signed by:





M S Goodwin - Director


CARCHAT LTD (REGISTERED NUMBER: 12983988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Carchat Ltd 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.

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.

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 - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

CARCHAT LTD (REGISTERED NUMBER: 12983988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 - 21,675 9,071 30,746
Additions 5,059 168,813 3,914 177,786
At 31 October 2024 5,059 190,488 12,985 208,532
DEPRECIATION
At 1 November 2023 - 5,209 2,838 8,047
Charge for year 787 14,637 3,067 18,491
At 31 October 2024 787 19,846 5,905 26,538
NET BOOK VALUE
At 31 October 2024 4,272 170,642 7,080 181,994
At 31 October 2023 - 16,466 6,233 22,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Other debtors 46,250 10,668
Monies owed from related undertakings 427,091 301,695
Directors' current accounts 57,324 21,453
VAT 3,366 3,000
534,031 336,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 21,120 -
Tax 90,888 58,883
Social security and other taxes 640 144
Other creditors 146 641
Accrued expenses 7,693 6,514
120,487 66,182

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 91,768 -

CARCHAT LTD (REGISTERED NUMBER: 12983988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. PROVISIONS FOR LIABILITIES
31/10/24 31/10/23
£    £   
Deferred tax 20,735 5,469

Deferred
tax
£   
Balance at 1 November 2023 5,469
Charge to Income Statement during year 15,266
Balance at 31 October 2024 20,735

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31/10/24 31/10/23
£    £   
M S Goodwin
Balance outstanding at start of year 21,453 28,556
Amounts advanced 77,071 32,897
Amounts repaid (41,200 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,324 21,453

Interest has been charged on the overdrawn director's loan at a rate of 2.25% per annum.

11. RELATED PARTY DISCLOSURES

During the year to 31 October 2024, monies were loaned to the company from High Peak Autos Ltd, a company registered in England & Wales and under common control.

As at 31 October 2024, the balance outstanding from High Peak Autos Ltd was £22,195 (2023: £156,695).

The loan is repayable on demand and no interest is charged on outstanding amounts.

In addition, during the year to 31 October 2024, monies were loaned to and repaid by Millrose Holdings Limited, a company registered in England & Wales and under common control. Millrose Holdings Limited also charged the company £12,000 excl. VAT in rent and £5,000 excl. VAT in management charges during the year.

As at 31 October 2024, the balance outstanding from Millrose Holdings Ltd was £404,896 (2023: £145,000).

The loan is repayable on demand and no interest is charged on outstanding amounts.