REGISTERED NUMBER: 03461977 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Carter Cradle Maintenance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Armitage

D R Armitage

G Sheehan

SECRETARY:

D R Armitage

REGISTERED OFFICE:

7 Hungate

Pickering

North Yorkshire

YO18 7DL

REGISTERED NUMBER:

03461977 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA, CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

113,588

130,883

CURRENT ASSETS

Debtors

5

304,320

272,112

Cash at bank and in hand

560,597

1,385,246

864,917

1,657,358

CREDITORS

Amounts falling due within one year

6

(431,981

)

(1,403,913

)

NET CURRENT ASSETS

432,936

253,445

TOTAL ASSETS LESS CURRENT LIABILITIES

546,524

384,328

CREDITORS

Amounts falling due after more than one year

7

(15,545

)

(44,622

)

NET ASSETS

530,979

339,706

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

530,879

339,606

SHAREHOLDERS' FUNDS

530,979

339,706

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 19 September 2025 and were signed on its behalf by:

D R Armitage - Director

1.	STATUTORY INFORMATION

Carter Cradle Maintenance Limited 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the group will continue to trade. If the group is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets

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 shorter:

Plant and machinery

- between 1 and 10 years

Fixtures and fittings

- between 1 and 3 years

Motor vehicles

- between 1 and 3 years

Computer equipment

- 1 year

Tangible fixed assets are recognised at cost then subsequently at cost less accumulated depreciation and impairment.

The company writes down motor vehicles on a straight line basis to their estimated residual values at the end of their useful lives of 2 or 3 years.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Hire purchase and leasing commitments

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

10,470

15,770

267,266

10,143

303,649

Additions

4,673

-

26,090

730

31,493

Disposals

-

-

(18,395

)

-

(18,395

)

At 31 December 2024

15,143

15,770

274,961

10,873

316,747

DEPRECIATION

At 1 January 2024

10,470

15,098

137,055

10,143

172,766

Charge for year

1,432

403

41,831

122

43,788

Eliminated on disposal

-

-

(13,395

)

-

(13,395

)

At 31 December 2024

11,902

15,501

165,491

10,265

203,159

NET BOOK VALUE

At 31 December 2024

3,241

269

109,470

608

113,588

At 31 December 2023

-

672

130,211

-

130,883

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

163,764

Additions

26,090

Transfer to ownership

(86,400

)

At 31 December 2024

103,454

DEPRECIATION

At 1 January 2024

54,554

Charge for year

41,831

Transfer to ownership

(63,900

)

At 31 December 2024

32,485

NET BOOK VALUE

At 31 December 2024

70,969

At 31 December 2023

109,210

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

284,852

261,129

Prepayments

19,468

10,983

304,320

272,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Finance leases (see note 8)

55,167

62,502

Trade creditors

63,970

54,784

Amounts owed to group undertakings

86,064

1,096,073

Taxation and social security

119,698

111,963

Other creditors

7,563

6,320

Accruals and deferred income

99,519

72,271

431,981

1,403,913

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Finance leases (see note 8)

15,545

44,622

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2024

2023

£

£

Net obligations repayable:

Within one year

55,167

62,502

Between one and five years

15,545

44,622

70,712

107,124

Non-cancellable

operating leases

2024

2023

£

£

Within one year

20,000

20,000

Between one and five years

-

20,000

20,000

40,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Finance leases

70,712

107,124

The finance lease liabilities are secured against the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Zarafa Holdco Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18

The parent undertaking is Zarafa Group Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18 7DL.