Carvall Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08168547

CARVALL HOMES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2025

CARVALL HOMES LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		53,252		41,533

Current assets

Stocks	7	2,292,515	2,827,985
Debtors	8	2,840,621	668,910
Cash at bank and in hand		221,414	6,205
		-------------	-------------
		5,354,550	3,503,100

Creditors: amounts falling due within one year	9	4,250,859		2,412,342
		-------------		-------------
Net current assets			1,103,691		1,090,758
			-------------		-------------
Total assets less current liabilities			1,156,943		1,132,291

Creditors: amounts falling due after more than one year	10		663,369		27,156

Provisions	11	5,460	6,622
		-------------	-------------
Net assets		488,114	1,098,513
		-------------	-------------

Capital and reserves

Called up share capital	13	40	100
Capital redemption reserve		60	–
Profit and loss account		488,014	1,098,413
		----------	-------------
Shareholders funds		488,114	1,098,513
		----------	-------------

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 comprehensive income has not been delivered.

For the year ending 31st August 2025 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 .

CARVALL HOMES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

J.A. Carvall
Director

Company registration number: 08168547

CARVALL HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st AUGUST 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kirkstone, Hazel Way, Coulsdon, Surrey, CR5 3PJ.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

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:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 5 ).

5. Tax on loss

Major components of tax income

	2025	2024
	£	£

Current tax:

Adjustments in respect of prior periods	–	( 600)

Deferred tax:

Origination and reversal of timing differences	( 1,162)	( 3,891)
	-------	-------
Tax on loss	( 1,162)	( 4,491)
	-------	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1st September 2024	12,415	79,855	92,270
Additions	450	25,500	25,950
	---------	----------	----------
At 31st August 2025	12,865	105,355	118,220
	---------	----------	----------
Depreciation
At 1st September 2024	6,819	43,918	50,737
Charge for the year	1,492	12,739	14,231
	---------	----------	----------
At 31st August 2025	8,311	56,657	64,968
	---------	----------	----------
Carrying amount
At 31st August 2025	4,554	48,698	53,252
	---------	----------	----------
At 31st August 2024	5,596	35,937	41,533
	---------	----------	----------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31st August 2025	24,930
	---------
At 31st August 2024	33,240
	---------

7. Stocks

	2025	2024
	£	£
Work in progress	2,292,515	2,827,985
	-------------	-------------

8. Debtors

	2025	2024
	£	£
Trade debtors	2,695,215	451,436
Other debtors	145,406	217,474
	-------------	----------
	2,840,621	668,910
	-------------	----------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Debenture loans	3,895,528	2,230,005
Trade creditors	296,090	94,950
Accruals and deferred income	1,500	39,821
Social security and other taxes	48,689	38,360
Obligations under finance leases and hire purchase contracts	9,052	9,052
Other creditors	–	154
	-------------	-------------
	4,250,859	2,412,342
	-------------	-------------

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

	2025	2024
	£	£
Debenture loans	645,265	–
Obligations under finance leases and hire purchase contracts	18,104	27,156
	----------	---------
	663,369	27,156
	----------	---------

11. Provisions

	Deferred tax (note 12)
	£
At 1st September 2024	6,622
Charge against provision	( 1,162)
	-------
At 31st August 2025	5,460
	-------

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 11)	5,460	6,622
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	7,321	10,383
Unused tax losses	( 1,861)	( 3,761)
	-------	---------
	5,460	6,622
	-------	---------

13. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	40	40	100	100
	----	----	----	----

On 4th April 2025, the company purchased 60 ordinary shares of £1 each out of its reserves for a price of £600,000.