Registration number: 07171755

Carmand Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Carmand Limited

(Registration number: 07171755)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	510,281	494,010
Current assets
Debtors	5	522,792	442,521
Cash at bank and in hand		213,852	179,692
		736,644	622,213
Creditors: Amounts falling due within one year	6	(321,584)	(352,080)
Net current assets		415,060	270,133
Total assets less current liabilities		925,341	764,143
Creditors: Amounts falling due after more than one year	6	-	(2,494)
Provisions for liabilities		(13,808)	(16,344)
Net assets		911,533	745,305
Capital and reserves
Called up share capital	7	140	140
Retained earnings		911,393	745,165
Shareholders' funds		911,533	745,305

For the financial year ending 28 February 2026 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 accounts for the year in question in accordance with section 476; and
•	The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 August 2026
 

......................................... Mrs C Faniyi Director

Carmand Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The Company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
E Factor Building
Lunar House
Crosland Road
Grimsby
N E Lincolnshire
DN37 9DS

These financial statements were authorised for issue by the director on 6 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Carmand Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% Reducing balance
Leasehold improvements	20 years straight line
Land	Not depreciated
Motor vehicles	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Carmand Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 52 (2025 - 47).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	559,134	121,385	172,025	852,544
Additions	-	4,431	68,718	73,149
At 28 February 2026	559,134	125,816	240,743	925,693
Depreciation
At 1 March 2025	169,750	107,967	80,817	358,534
Charge for the year	23,959	5,019	27,900	56,878
At 28 February 2026	193,709	112,986	108,717	415,412
Carrying amount
At 28 February 2026	365,425	12,830	132,026	510,281
At 28 February 2025	389,384	13,418	91,208	494,010

Included within the net book value of land and buildings above is £60,000 (2025 - £60,000) in respect of freehold land and buildings and £305,425 (2025 - £329,384) in respect of long leasehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Prepayments	522,792	442,521
	522,792	442,521

Carmand Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	25,846	130,925
Taxation and social security		241,793	154,609
Accruals and deferred income		14,720	5,300
Other creditors		39,225	61,246
		321,584	352,080

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	-	2,494

	2026 £	2025 £
Due after more than five years
	-	-

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	140	140	140	140

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	2,494

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,846	10,000
Other borrowings	24,000	120,925
	25,846	130,925

Carmand Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Bank borrowings

Bank borrowings are denominated in Sterling. The carrying amount at year end is £1,846 (2025 - £12,494).

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £486,000 (2025 - £486,000). NatWest Bank Plc has a charge over the assets of the company in relation to a mortgage taken out by the director personally to finance a property addition. The directors original property will then be used to house service users of the company and the company will then pay rental payments to the director for use of this property.