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Company No: 03657742 (England and Wales)

# H. CARTER & SONS (RETAIL) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

H. CARTER & SONS (RETAIL) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

H. CARTER & SONS (RETAIL) LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
H. CARTER & SONS (RETAIL) LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | J Burch
| H Carter
| B D G Pinn

SECRETARY | J Burch

REGISTERED OFFICE | 28 Rolle Street
| Exmouth
| EX8 2SH
| United Kingdom

COMPANY NUMBER | 03657742 (England and Wales)

ACCOUNTANT | Gravita Western Limited
| Keble House
| Southernhay Gardens
| Exeter
| EX1 1NT
| United Kingdom

H. CARTER & SONS (RETAIL) LIMITED

## BALANCE SHEET

As at 31 December 2025
H. CARTER & SONS (RETAIL) LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 1 |  | 1
Tangible assets | 4 | 46,391 |  | 58,338
|  | 46,392 |  | 58,339
Current assets |  |  |  |
Stocks |  | 148,854 |  | 149,247
Debtors | 5 | 2,671 |  | 2,459
Investments | 6 | 21,560 |  | 21,560
Cash at bank and in hand |  | 283,620 |  | 268,108
|  | 456,705 |  | 441,374
Creditors: amounts falling due within one year | 7 | ( 87,262) |  | ( 68,828)
Net current assets |  | 369,443 |  | 372,546
Total assets less current liabilities |  | 415,835 |  | 430,885
Provision for liabilities |  | ( 11,598) |  | ( 14,584)
Net assets |  | 404,237 |  | 416,301
Capital and reserves |  |  |  |
Called-up share capital |  | 300 |  | 300
Capital redemption reserve |  | 1 |  | 1
Profit and loss account |  | 403,936 |  | 416,000
Total shareholders' funds |  | 404,237 |  | 416,301

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of H. Carter & Sons (Retail) Limited (registered number: 03657742) were approved and authorised for issue by the Board of Directors on 30 July 2026. They were signed on its behalf by:

H Carter Director |

H. CARTER & SONS (RETAIL) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
H. CARTER & SONS (RETAIL) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

H. Carter & Sons (Retail) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 28 Rolle Street, Exmouth, EX8 2SH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

##### Employee benefits

Defined benefit schemes
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.

##### Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | not amortised

###### Goodwill

Goodwill is the difference between the fair value of the consideration paid for an acquired entity and the aggregate of the value of that entity's identifiable assets and liabilities.
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or charges in circumstances indicate that the carrying value may not be recoverable.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Vehicles | 20 % reducing balance
Fixtures and fittings | 15 % reducing balance
| 10 years straight line
Computer equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

##### Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Current asset investments

Current asset investments are stated at cost.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 9

per client email confirmation

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 1 |  | 1
At 31 December 2025 | 1 |  | 1
Accumulated amortisation |  |  |
At 01 January 2025 | 0 |  | 0
At 31 December 2025 | 0 |  | 0
Net book value |  |  |
At 31 December 2025 | 1 |  | 1
At 31 December 2024 | 1 |  | 1

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2025 | 1,825 |  | 51,700 |  | 17,491 |  | 2,638 |  | 73,654
At 31 December 2025 | 1,825 |  | 51,700 |  | 17,491 |  | 2,638 |  | 73,654
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2025 | 1,642 |  | 862 |  | 11,062 |  | 1,750 |  | 15,316
Charge for the financial year | 46 |  | 10,168 |  | 1,331 |  | 402 |  | 11,947
At 31 December 2025 | 1,688 |  | 11,030 |  | 12,393 |  | 2,152 |  | 27,263
Net book value |  |  |  |  |  |  |  |  |
At 31 December 2025 | 137 |  | 40,670 |  | 5,098 |  | 486 |  | 46,391
At 31 December 2024 | 183 |  | 50,838 |  | 6,429 |  | 888 |  | 58,338

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 2,671 |  | 2,459

#### 6. Current asset investments

| 2025 |  | 2024
| £ |  | £
Unlisted investments | 21,560 |  | 21,560

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 50,905 |  | 42,219
Taxation and social security | 33,157 |  | 22,660
Other creditors | 3,200 |  | 3,949
| 87,262 |  | 68,828

#### 8. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Within one year | 3,653 |  | 5,479
Commitments in respect to participating interests | 0 |  | 3,653
Between one and five years | 0 |  | 0
| 3,653 |  | 9,132

Minimum lease payments under non-cancellable operating leases fall due