Carlone Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 1870240

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		518,224		523,351

			518,224		523,351
CURRENT ASSETS
Debtors	5	255,061		237,938
Cash at bank and in hand		312,586		306,180

		567,647		544,118
Creditors: Amounts Falling Due Within One Year	6	(348,263 )		(299,290 )

NET CURRENT ASSETS (LIABILITIES)			219,384		244,828

TOTAL ASSETS LESS CURRENT LIABILITIES			737,608		768,179

Creditors: Amounts Falling Due After More Than One Year	7		(72,038 )		(233,060 )

NET ASSETS			665,570		535,119

CAPITAL AND RESERVES
Called up share capital			100		100
Share premium account			71,042		71,042
Profit and Loss Account			594,428		463,977

SHAREHOLDERS' FUNDS			665,570		535,119

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Carlone Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M A Noakes

Director

17 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Carlone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 1870240 . The registered office is Marine House, 151 Western Road, Haywards Heath, West Sussex, RH16 3LH and the trading address is 12 Ferry Lane, Staines, Middlesex, TW19 6HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line basis
Plant & Machinery	20% reducing balance basis
Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	20% reducing balance basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Carlone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 31 (2023: 24)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	128,001	17,605	837,099	61,125	1,043,830
Additions	-	-	195,149	-	195,149
Disposals	-	-	(114,149 )	-	(114,149 )

As at 31 December 2024	128,001	17,605	918,099	61,125	1,124,830

Depreciation
As at 1 January 2024	61,287	17,605	383,439	58,148	520,479
Provided during the period	2,560	-	128,387	730	131,677
Disposals	-	-	(45,550 )	-	(45,550 )

As at 31 December 2024	63,847	17,605	466,276	58,878	606,606

Net Book Value
As at 31 December 2024	64,154	-	451,823	2,247	518,224

As at 1 January 2024	66,714	-	453,660	2,977	523,351

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	162,732	200,431
Other debtors	92,329	37,507

	255,061	237,938

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Carlone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	66,032	84,252
Trade creditors	10,097	12,238
Bank loans and overdrafts	-	51,103
Other creditors	181,103	124,419
Taxation and social security	91,031	27,278

	348,263	299,290

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	72,038	163,060
Bank loans	-	70,000

	72,038	233,060

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	66,032	84,252
Later than one year and not later than five years	72,038	163,060

	138,070	247,312

	138,070	247,312

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