Carpenter Davies Partnership Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05553127

Carpenter Davies Partnership Limited

Filleted Unaudited Financial Statements

31 December 2024

Carpenter Davies Partnership Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		39,067	73,101

Current assets

Debtors	7	348,465	307,294
Cash at bank and in hand		288,254	264,177
		---------	---------
		636,719	571,471

Creditors: amounts falling due within one year	8	148,021		101,781
		---------		---------
Net current assets			488,698	469,690
			---------	---------
Total assets less current liabilities			527,765	542,791

Creditors: amounts falling due after more than one year	9		18,660	36,161

Provisions

Other provisions	63,300	66,133
	---------	---------
Net assets	445,805	440,497
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	445,705	440,397
	---------	---------
Shareholders funds	445,805	440,497
	---------	---------

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 statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Carpenter Davies Partnership Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr I A Carpenter
Director

Company registration number: 05553127

Carpenter Davies Partnership Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Hall Square, Denbigh, Denbighshire, LL16 3NU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. 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.

Revenue recognition

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Fully amortised

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Fixtures & fittings	-	Fully depreciated
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 9 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	200,000
	---------
Amortisation
At 1 January 2024 and 31 December 2024	200,000
	---------
Carrying amount
At 31 December 2024	–
	---------
At 31 December 2023	–
	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	7,088	123,835	56,307	187,230
Additions	–	–	847	847
	-------	---------	--------	---------
At 31 December 2024	7,088	123,835	57,154	188,077
	-------	---------	--------	---------
Depreciation
At 1 January 2024	4,938	59,844	49,347	114,129
Charge for the year	538	29,729	4,614	34,881
	-------	---------	--------	---------
At 31 December 2024	5,476	89,573	53,961	149,010
	-------	---------	--------	---------
Carrying amount
At 31 December 2024	1,612	34,262	3,193	39,067
	-------	---------	--------	---------
At 31 December 2023	2,150	63,991	6,960	73,101
	-------	---------	--------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	216,612	170,830
Other debtors	131,853	136,464
	---------	---------
	348,465	307,294
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	63,595	43,833
Social security and other taxes	79,713	53,430
Other creditors	4,713	4,518
	---------	---------
	148,021	101,781
	---------	---------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	18,333	28,333
Other creditors	327	7,828
	--------	--------
	18,660	36,161
	--------	--------

10. Director's advances, credits and guarantees

No advances, credits or guarantees were given to the Directors during the current or previous accounting periods.

No advances, credits or guarantees were given to the Directors during the previous accounting period.

11. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.