REGISTERED NUMBER: 06382928 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Carmot Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

43,124

31,320

Current assets

Stocks

5

7,000

6,800

Debtors

6

35,976

35,975

Cash at bank

5,738

7,880

48,714

50,655

Creditors

Amounts falling due within one year

7

(56,578

)

(42,168

)

Net current (liabilities)/assets

(7,864

)

8,487

Total assets less current liabilities

35,260

39,807

Creditors

Amounts falling due after more than one year

8

(33,601

)

(39,101

)

Net assets

1,659

706

Capital and reserves

Called up share capital

1

1

Retained earnings

10

1,658

705

Shareholders' funds

1,659

706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2025 and were signed by:

Andrew Carter - Director

1.	Statutory information

Carmot Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06382928

Registered office:

Unit 2 Tait Road Industrial Estate

Off Gloucester Road

Croydon

CR0 2DP

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.

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.

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 Income Statement, 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.

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 3 (2023 - 4 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 October 2023

27,929

51,391

79,320

Additions

-

16,666

16,666

At 30 September 2024

27,929

68,057

95,986

Depreciation

At 1 October 2023

27,499

20,501

48,000

Charge for year

107

4,755

4,862

At 30 September 2024

27,606

25,256

52,862

Net book value

At 30 September 2024

323

42,801

43,124

At 30 September 2023

430

30,890

31,320

5.

Stocks

30.9.24

30.9.23

£

£

Finished goods

7,000

6,800

6.

Debtors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade debtors

35,976

35,975

7.

Creditors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade creditors

52,431

40,212

Corporation tax

(1

)

-

VAT

4,148

1,956

56,578

42,168

8.

Creditors: amounts falling due after more than one year

30.9.24

30.9.23

£

£

Bank loans (see note 9)

33,601

39,101

9.

Loans

An analysis of the maturity of loans is given below:

30.9.24

30.9.23

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

33,601

39,101

10.

Reserves

Retained

earnings

£

At 1 October 2023

705

Profit for the year

953

At 30 September 2024

1,658