REGISTERED NUMBER: 08857004 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Carters Flooring (Transport) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T E Carter

P Carter

REGISTERED OFFICE:

The Old Manse

29 St Mary Street

Ilkeston

Derbyshire

DE7 8AB

REGISTERED NUMBER:

08857004 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

Chartered Accountants

The Old Manse

29 St. Mary Street

Ilkeston

Derbyshire

DE7 8AB

FIXED ASSETS

Tangible assets

4

69,622

93,005

CURRENT ASSETS

Debtors

5

231,383

134,473

Cash at bank

17,536

141,482

248,919

275,955

CREDITORS

Amounts falling due within one year

6

130,302

124,846

NET CURRENT ASSETS

118,617

151,109

TOTAL ASSETS LESS CURRENT LIABILITIES

188,239

244,114

CREDITORS

Amounts falling due after more than one year

7

(63,201

)

(84,072

)

PROVISIONS FOR LIABILITIES

(17,406

)

(23,251

)

NET ASSETS

107,632

136,791

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

107,631

136,790

SHAREHOLDERS' FUNDS

107,632

136,791

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

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

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 29 September 2025 and were signed on its behalf by:

P Carter - Director

1.	STATUTORY INFORMATION

Carters Flooring (Transport) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,413

95,380

5,070

102,863

DEPRECIATION

At 1 January 2024

2,411

3,974

3,473

9,858

Charge for year

-

22,852

531

23,383

At 31 December 2024

2,411

26,826

4,004

33,241

NET BOOK VALUE

At 31 December 2024

2

68,554

1,066

69,622

At 31 December 2023

2

91,406

1,597

93,005

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

95,380

DEPRECIATION

At 1 January 2024

3,974

Charge for year

22,852

At 31 December 2024

26,826

NET BOOK VALUE

At 31 December 2024

68,554

At 31 December 2023

91,406

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,606

30,432

Carters Flooring (Leisure) Ltd

227,777

99,041

Directors' current accounts

-

5,000

231,383

134,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

10,799

10,567

Trade creditors

1,422

17,010

Corporation tax

901

1,775

Social security and other taxes

751

820

VAT

1,886

5,196

Other creditors

47

273

Accruals and deferred income

104,496

79,205

130,302

124,846

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan

4,998

14,998

Hire purchase contracts

58,203

69,074

63,201

84,072

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1