Carney (UK) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08880326

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		217,781		152,664

			217,781		152,664
CURRENT ASSETS
Debtors	6	324,118		313,914
Cash at bank and in hand		23,944		6,147

		348,062		320,061
Creditors: Amounts Falling Due Within One Year	7	(279,403 )		(245,740 )

NET CURRENT ASSETS (LIABILITIES)			68,659		74,321

TOTAL ASSETS LESS CURRENT LIABILITIES			286,440		226,985

Creditors: Amounts Falling Due After More Than One Year	8		(22,979 )		(30,221 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(54,445 )		(38,166 )

NET ASSETS			209,016		158,598

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			209,014		158,596

SHAREHOLDERS' FUNDS			209,016		158,598

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Carney (UK) Ltd

Balance Sheet (continued)

As At 28 February 2026

For the 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.

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

Mr Simon Carney

Director

28/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Carney (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08880326 . The registered office is Office 1 Brunswick House, Brunswick Way, Liverpool, Merseyside, L3 4BN.

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. 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:

Plant & Machinery	20% Straight Line Method
Motor Vehicles	25% Straight Line Method
Fixtures & Fittings	20% Straight Line Method
Computer Equipment	33.33% Straight Line Method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

...CONTINUED

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Carney (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 7)

4. Prior Period Adjustment

A deferred tax liability arising on the excess of the net book value of tangible fixed assets over their tax written down value was not previously recognised in the financial statements. This has been corrected in accordance with Section 10 of FRS 102 ("Accounting Policies, Estimates and Errors"), and the comparative figures for the year ended 28 February 2025 have been restated accordingly.

The effect of the correction is as follows:

Profit and loss account reserve at 28 February 2025, as previously stated 196,762

Prior year adjustment — deferred tax not previously provided (38,166)

Profit and loss account reserve at 28 February 2025, as restated 158,596

There is no effect on the profit for the year ended 28 February 2025 as previously reported; the adjustment relates to the recognition of a balance sheet provision only.

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2025	308,959	93,093	22,200	14,747	438,999
Additions	65,167	51,361	1,056	9,277	126,861

As at 28 February 2026	374,126	144,454	23,256	24,024	565,860

Depreciation
As at 1 March 2025	227,102	38,746	17,565	2,922	286,335
Provided during the period	26,794	28,871	1,081	4,998	61,744

As at 28 February 2026	253,896	67,617	18,646	7,920	348,079

Net Book Value
As at 28 February 2026	120,230	76,837	4,610	16,104	217,781

As at 1 March 2025	81,857	54,347	4,635	11,825	152,664

6. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	308,335	301,302
Other debtors	15,783	12,612

	324,118	313,914

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Carney (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	7,219	7,196
Trade creditors	102,110	66,266
Bank loans and overdrafts	6,516	3,912
Other creditors	1,810	75
Taxation and social security	161,748	168,291

	279,403	245,740

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	22,979	30,221

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,219	7,196
Later than one year and not later than five years	22,979	30,221

	30,198	37,417

	30,198	37,417

10. Share Capital

	2026	2025 as restated
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

11. Ultimate Controlling Party

The company's ultimate controlling party is Carney UK Holdings Ltd by virtue of its ownership of 100% of the issued share capital in the company.

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