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Registered number: 08419072
Carter Vehicle Movements Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Adders Accountants Ltd
Moulton Park Business Centre
Redhouse Road
Northampton
NN3 6AQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08419072
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 40,833 50,833
Tangible Assets 5 9,604 12,936
50,437 63,769
CURRENT ASSETS
Debtors 6 149,039 164,618
Cash at bank and in hand 208,402 197,981
357,441 362,599
Creditors: Amounts Falling Due Within One Year 7 (110,811 ) (138,729 )
NET CURRENT ASSETS (LIABILITIES) 246,630 223,870
TOTAL ASSETS LESS CURRENT LIABILITIES 297,067 287,639
NET ASSETS 297,067 287,639
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 297,064 287,636
SHAREHOLDERS' FUNDS 297,067 287,639
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Chelsea Best
Director
29/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Carter Vehicle Movements Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08419072 . The registered office is 58 The Willows , Little Harrowden, Wellingborough, Northamptonshire, NN9 5BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% RB
Computer Equipment 1/3 SL
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 100,000
As at 28 February 2025 100,000
Amortisation
As at 1 March 2024 49,167
Provided during the period 10,000
As at 28 February 2025 59,167
Net Book Value
As at 28 February 2025 40,833
As at 1 March 2024 50,833
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 13,250 928 14,178
As at 28 February 2025 13,250 928 14,178
Depreciation
As at 1 March 2024 552 690 1,242
Provided during the period 3,174 158 3,332
As at 28 February 2025 3,726 848 4,574
Net Book Value
As at 28 February 2025 9,524 80 9,604
As at 1 March 2024 12,698 238 12,936
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 120,249 137,548
Other debtors 28,790 27,070
149,039 164,618
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,451 11,848
Other creditors 26,237 24,589
Taxation and social security 72,123 102,292
110,811 138,729
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
Page 5