Company Registration No. 04622422 (England and Wales)
Carolyn Codd Limited
Unaudited accounts
for the year ended 31 March 2022
Carolyn Codd Limited
Unaudited accounts
Contents
Carolyn Codd Limited
Company Information
for the year ended 31 March 2022
Directors
Mrs C Holland
Mr D Holland
Mrs C Atkinson
Miss R Holland
Company Number
04622422 (England and Wales)
Registered Office
321 Main Street
Calverton
Nottingham
Nottinghamshire
NG14 6LT
United Kingdom
Accountants
Add-itions Accountancy Solutions Ltd
321 Main Street
Calverton
Nottingham
Nottinghamshire
NG14 6LT
Carolyn Codd Limited
Statement of financial position
as at 31 March 2022
Tangible assets
31,788
15,031
Inventories
260,904
231,412
Cash at bank and in hand
87,865
92,246
Creditors: amounts falling due within one year
(98,699)
(64,128)
Net current assets
257,229
278,890
Total assets less current liabilities
289,017
293,921
Provisions for liabilities
Deferred tax
(6,040)
(3,599)
Net assets
282,977
290,322
Called up share capital
132
132
Share premium
26,968
26,968
Profit and loss account
255,877
263,222
Shareholders' funds
282,977
290,322
For the year ending 31 March 2022 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2022 and were signed on its behalf by
Mrs C Holland
Director
Company Registration No. 04622422
Carolyn Codd Limited
Notes to the Accounts
for the year ended 31 March 2022
Carolyn Codd Limited is a private company, limited by shares, registered in England and Wales, registration number 04622422. The registered office is 321 Main Street, Calverton, Nottingham, Nottinghamshire, NG14 6LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on reducing balance
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on cost
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Carolyn Codd Limited
Notes to the Accounts
for the year ended 31 March 2022
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
11,152
6
Transactions with related parties
During the year, total dividends of £40,000 (2021: £40,000) were paid to the directors.
7
Average number of employees
During the year the average number of employees was 9 (2021: 8).
