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Company registration number: 03082474
CARTER HAULAGE AND STORAGE (NORFOLK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 March 2025
CARTER HAULAGE AND STORAGE (NORFOLK) LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
CARTER HAULAGE AND STORAGE (NORFOLK) LIMITED
Directors report
Period ended 31 March 2025
The directors present their report and the unaudited financial statements of the company for the period ended 31 March 2025.
Directors
The directors who served the company during the period were as follows:
Mr P.J Carter
Mrs L.M Carter
Mr S. P. Carter
Mr C. Carter
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 08 July 2025 and signed on behalf of the board by:
Mr P.J Carter
Director
CARTER HAULAGE AND STORAGE (NORFOLK) LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Carter Haulage and Storage (Norfolk) Limited
Period ended 31 March 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 March 2025 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
R M F Pola FCA
Jenemi Associates Limited
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
8 July 2025
CARTER HAULAGE AND STORAGE (NORFOLK) LIMITED
Statement of financial position
31 March 2025
31/03/25 31/08/24
Note £ £ £ £
Fixed assets
Tangible assets 5 3,543,880 3,953,181
_______ _______
3,543,880 3,953,181
Current assets
Stocks 18,900 2,400
Debtors 6 1,183,852 1,358,158
Cash at bank and in hand 583,476 565,899
_______ _______
1,786,228 1,926,457
Creditors: amounts falling due
within one year 7 ( 2,297,641) ( 1,782,522)
_______ _______
Net current (liabilities)/assets ( 511,413) 143,935
_______ _______
Total assets less current liabilities 3,032,467 4,097,116
Creditors: amounts falling due
after more than one year 8 ( 605,426) ( 815,725)
Provisions for liabilities 9 ( 756,319) ( 830,257)
_______ _______
Net assets 1,670,722 2,451,134
_______ _______
Capital and reserves
Called up share capital 11 10,000 10,000
Profit and loss account 1,660,722 2,441,134
_______ _______
Shareholders funds 1,670,722 2,451,134
_______ _______
For the period 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 financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 July 2025 , and are signed on behalf of the board by:
Mr P.J Carter
Director
Company registration number: 03082474
CARTER HAULAGE AND STORAGE (NORFOLK) LIMITED
Notes to the financial statements
Period ended 31 March 2025
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and Buildings - Nil % straight line
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
3. Profit before taxation
Profit before taxation is stated after charging/(crediting):
Period Year
ended ended
31/03/25 31/08/24
£ £
Depreciation of tangible assets 573,045 1,157,278
_______ _______
4. Tax on profit
Major components of tax expense
Period Year
ended ended
31/03/25 31/08/24
£ £
Current tax:
UK current tax expense 339,992 348,209
_______ _______
Deferred tax:
Origination and reversal of timing differences ( 73,938) 6,190
_______ _______
Tax on profit 266,054 354,399
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 September 2024 46,141 9,960,365 10,006,506
Additions - 184,630 184,630
Disposals - ( 134,712) ( 134,712)
_______ _______ _______
At 31 March 2025 46,141 10,010,283 10,056,424
_______ _______ _______
Depreciation
At 1 September 2024 30,452 6,022,873 6,053,325
Charge for the year 1,373 571,672 573,045
Disposals - ( 113,826) ( 113,826)
_______ _______ _______
At 31 March 2025 31,825 6,480,719 6,512,544
_______ _______ _______
Carrying amount
At 31 March 2025 14,316 3,529,564 3,543,880
_______ _______ _______
At 31 August 2024 15,689 3,937,492 3,953,181
_______ _______ _______
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 31 March 2025 1,883,803
_______
At 31 August 2024 2,259,232
_______
6. Debtors
31/03/25 31/08/24
£ £
Trade debtors 1,113,767 1,312,332
Other debtors 70,085 45,826
_______ _______
1,183,852 1,358,158
_______ _______
7. Creditors: amounts falling due within one year
31/03/25 31/08/24
£ £
Trade creditors 617,025 508,756
Corporation tax 688,201 348,209
Social security and other taxes 313,304 220,840
Other creditors 679,111 704,717
_______ _______
2,297,641 1,782,522
_______ _______
8. Creditors: amounts falling due after more than one year
31/03/25 31/08/24
£ £
Other creditors 605,426 815,725
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1 September 2024 830,257 830,257
Additions ( 73,938) ( 73,938)
_______ _______
At 31 March 2025 756,319 756,319
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
31/03/25 31/08/24
£ £
Included in provisions (note 9) 756,319 830,257
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
31/03/25 31/08/24
£ £
Accelerated capital allowances 756,319 830,257
_______ _______
11. Called up share capital
Authorised share capital
2025 2024
No £ No £
Ordinary shares of £ 1.00 each 100,000 100,000 100,000 100,000
_______ _______ _______ _______
Issued, called up and fully paid
31/03/25 31/08/24
No £ No £
Ordinary shares of £ 1.00 each 10,000 10,000 10,000 10,000
_______ _______ _______ _______