Carlton Motors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01794021 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Carlton Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E N Townson

Mrs T D Townson

REGISTERED OFFICE:

54 Springfield Road

Welling

Kent

DA16 1QW

REGISTERED NUMBER:

01794021 (England and Wales)

ACCOUNTANTS:

Goatcher Chandler

Chartered Accountants

31 St Georges Square

St Georges Centre

Gravesend

Kent

DA11 0TB

FIXED ASSETS

Intangible assets

4

-

2,200

Tangible assets

5

51,132

79,606

51,132

81,806

CURRENT ASSETS

Debtors

6

160,039

154,139

Cash at bank and in hand

24,102

7,717

184,141

161,856

CREDITORS

Amounts falling due within one year

7

22,574

38,853

NET CURRENT ASSETS

161,567

123,003

TOTAL ASSETS LESS CURRENT LIABILITIES

212,699

204,809

PROVISIONS FOR LIABILITIES

8

5,609

2,590

NET ASSETS

207,090

202,219

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

206,090

201,219

SHAREHOLDERS' FUNDS

207,090

202,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 October 2019 and were signed on its behalf by:

Mrs T D Townson - Director

1.	STATUTORY INFORMATION

Carlton Motors Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

22,268

AMORTISATION

At 1 April 2018

20,068

Charge for year

2,200

At 31 March 2019

22,268

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

2,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

325,910

Disposals

(37,435

)

At 31 March 2019

288,475

DEPRECIATION

At 1 April 2018

246,304

Charge for year

20,487

Eliminated on disposal

(29,448

)

At 31 March 2019

237,343

NET BOOK VALUE

At 31 March 2019

51,132

At 31 March 2018

79,606

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

72,217

84,581

Other debtors

87,822

69,558

160,039

154,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

-

8,736

Trade creditors

-

1

Taxation and social security

18,279

25,821

Other creditors

4,295

4,295

22,574

38,853

Included within Other creditors is an amount owed to the director E N Townson of £545

(2018 £545)

This amount owed is interest free and repayable on demand.

8.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

5,609

2,590

Deferred

tax

£

Balance at 1 April 2018

2,590

Charge to Income Statement during year

3,019

Balance at 31 March 2019

5,609

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Share capital 1

£1

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 April 2018

201,219

Profit for the year

4,871

At 31 March 2019

206,090

11.	RELATED PARTY DISCLOSURES

The company is related to Computer Minicabs Limited by virtue of the common control of its

directors.

12.	CONTROLLING PARTY

The company is controlled by the directors by virtue of their ownership of 100% of the

company's issued ordinary share capital.