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REGISTERED NUMBER: 05533563 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

CARTION LTD

CARTION LTD (REGISTERED NUMBER: 05533563)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: L M McKeown
G A McKeown



REGISTERED OFFICE: Cornish Hall
Wrexham Road
Holt
Wrexham
Clwyd
LL13 9SW



REGISTERED NUMBER: 05533563 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
PO Box 1000
Andover
BX1 1LT

CARTION LTD (REGISTERED NUMBER: 05533563)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,579 850

CURRENT ASSETS
Stocks 5 27,500 30,000
Debtors 6 - 2,295
Cash at bank 12,868 2,001
40,368 34,296
CREDITORS
Amounts falling due within one year 7 23,058 26,626
NET CURRENT ASSETS 17,310 7,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,889

8,520

CREDITORS
Amounts falling due after more than one
year

8

(6,000

)

(14,188

)

PROVISIONS FOR LIABILITIES 9 (1,394 ) -
NET ASSETS/(LIABILITIES) 15,495 (5,668 )

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 14,495 (6,668 )
SHAREHOLDERS' FUNDS 15,495 (5,668 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

CARTION LTD (REGISTERED NUMBER: 05533563)

BALANCE SHEET - continued
31ST AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2025 and were signed on its behalf by:





G A McKeown - Director


CARTION LTD (REGISTERED NUMBER: 05533563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Cartion 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis.

For the year ended 31st August 2023, the entity shows a negative shareholders fund position.

The directors confirm that support will be provided to the company and the directors current account will not be withdrawn until such a time as the reserves return to a positive position.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

CARTION LTD (REGISTERED NUMBER: 05533563)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2023 21,077 8,228 5,148 34,453
Additions - 7,405 - 7,405
Disposals - (8,228 ) (2,648 ) (10,876 )
At 31st August 2024 21,077 7,405 2,500 30,982
DEPRECIATION
At 1st September 2023 21,077 8,228 4,298 33,603
Charge for year - 1,851 825 2,676
Eliminated on disposal - (8,228 ) (2,648 ) (10,876 )
At 31st August 2024 21,077 1,851 2,475 25,403
NET BOOK VALUE
At 31st August 2024 - 5,554 25 5,579
At 31st August 2023 - - 850 850

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 27,500 30,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Deferred tax asset - 2,295

CARTION LTD (REGISTERED NUMBER: 05533563)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,000 7,812
Other loans - 2,917
Trade creditors 2,652 -
Tax 2,806 -
VAT 3,048 5,014
Directors' current accounts 5,396 6,369
Accrued expenses 1,156 4,514
23,058 26,626

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 6,000 7,812
Bank loans - 2-5 years - 6,376
6,000 14,188

9. PROVISIONS FOR LIABILITIES
31.8.24
£   
Deferred tax
Accelerated capital allowances 1,394

Deferred
tax
£   
Balance at 1st September 2023 (2,295 )
Movements in the year due to:-
changes in tax allowances 1,182
changes in tax rates
changes in tax losses 2,507
Balance at 31st August 2024 1,394

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

CARTION LTD (REGISTERED NUMBER: 05533563)

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

11. RESERVES
Retained
earnings
£   

At 1st September 2023 (6,668 )
Profit for the year 23,163
Dividends (2,000 )
At 31st August 2024 14,495

12. CAPITAL COMMITMENTS
31.8.24 31.8.23
£    £   
Contracted but not provided for in the
financial statements - -