REGISTERED NUMBER: 08979997 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CARTER LEE FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Saunders

SECRETARY:

REGISTERED OFFICE:

174 New Road

Skewen

Neath

SA10 6HD

REGISTERED NUMBER:

08979997 (England and Wales)

ACCOUNTANTS:

Roger Byers & Co. Limited

Castle Buildings

23 Church Place

Neath

SA11 3LP

FIXED ASSETS

Intangible assets

4

6,000

6,000

Tangible assets

5

43,907

54,929

Investments

6

9,000

9,000

58,907

69,929

CURRENT ASSETS

Debtors

7

7,001

3,710

Cash at bank

107,532

92,928

114,533

96,638

CREDITORS

Amounts falling due within one year

8

55,874

73,724

NET CURRENT ASSETS

170,407

170,362

TOTAL ASSETS LESS CURRENT LIABILITIES

229,314

240,291

CREDITORS

Amounts falling due after more than one year

9

(29,972

)

(35,378

)

NET ASSETS

199,342

204,913

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

199,341

204,912

SHAREHOLDERS' FUNDS

199,342

204,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 9 October 2025 and were signed by:

L Saunders - Director

1.	STATUTORY INFORMATION

Carter Lee Financial Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

6,000

NET BOOK VALUE

At 31 March 2025

6,000

At 31 March 2024

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

59,670

DEPRECIATION

At 1 April 2024

4,741

Charge for year

11,022

At 31 March 2025

15,763

NET BOOK VALUE

At 31 March 2025

43,907

At 31 March 2024

54,929

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

9,000

NET BOOK VALUE

At 31 March 2025

9,000

At 31 March 2024

9,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

3,709

Other debtors

7,001

1

7,001

3,710

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

41,975

47,975

Payments on account

49,880

59,880

Trade creditors

330

1,382

Taxation and social security

14,326

4,119

Other creditors

(162,385

)

(187,080

)

(55,874

)

(73,724

)

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

29,972

35,378