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Carter Brothers International Limited

Registered Number
12132904
(England and Wales)

Unaudited Financial Statements for the Period ended
30 August 2024

Carter Brothers International Limited
Company Information
for the period from 1 September 2023 to 30 August 2024

Directors

Peter Jonathon Fletcher
Debbie Hargreaves

Registered Address

Suite G04 1 Quality Court, Chancery Lane
London
WC2A 1HR

Registered Number

12132904 (England and Wales)
Carter Brothers International Limited
Balance Sheet as at
30 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4990,978972,720
990,978972,720
Current assets
Stocks574,560748,121
Debtors52,567,6382,061,410
Cash at bank and on hand13,07930,472
3,155,2772,840,003
Creditors amounts falling due within one year6(2,742,775)(2,448,032)
Net current assets (liabilities)412,502391,971
Total assets less current liabilities1,403,4801,364,691
Creditors amounts falling due after one year7(377,146)(553,681)
Provisions for liabilities10(247,795)(184,817)
Net assets778,539626,193
Capital and reserves
Called up share capital11,80010,000
Share premium84,900-
Profit and loss account681,839616,193
Shareholders' funds778,539626,193
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2025, and are signed on its behalf by:
Debbie Hargreaves
Director
Registered Company No. 12132904
Carter Brothers International Limited
Notes to the Financial Statements
for the period ended 30 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee 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.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Finance leases and hire purchase contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year4648
3.Deferred tax
The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 231,183,673
Additions195,097
At 30 August 241,378,770
Depreciation and impairment
At 01 September 23210,953
Charge for year176,839
At 30 August 24387,792
Net book value
At 30 August 24990,978
At 31 August 23972,720
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,342,5331,792,058
Other debtors184,824246,452
Prepayments and accrued income40,28122,900
Total2,567,6382,061,410
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables706,101944,765
Bank borrowings and overdrafts227,858231,026
Taxation and social security598,146303,924
Finance lease and HP contracts124,690140,537
Other creditors1,071,656806,928
Accrued liabilities and deferred income14,32420,852
Total2,742,7752,448,032
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts377,146553,681
Total377,146553,681
8.Creditors: amounts due after 5 years
Bank loans outstanding at the year-end include instalments due after more than five years of £nil (2023: £11,708).
9.Secured creditors
The finance leases are secured on the assets concerned. The bank loans are unsecured.
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)247,795184,817
Total247,795184,817