Carlton & Associates Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07350036 (England and Wales)

CARLTON & ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

J S Carlton

Mrs J R Carlton

REGISTERED OFFICE:

Waterford

Moat Lane

Sedlescombe

Battle

East Sussex

TN33 0RZ

REGISTERED NUMBER:

07350036 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

4

269

359

CURRENT ASSETS

Debtors

5

616

1,288

Cash at bank

43,709

40,166

44,325

41,454

CREDITORS

Amounts falling due within one year

6

2,684

1,849

NET CURRENT ASSETS

41,641

39,605

TOTAL ASSETS LESS CURRENT LIABILITIES

41,910

39,964

PROVISIONS FOR LIABILITIES

67

68

NET ASSETS

41,843

39,896

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

41,643

39,696

SHAREHOLDERS' FUNDS

41,843

39,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 21 May 2023 and were signed on its behalf by:

Mrs J R Carlton - Director

1.	STATUTORY INFORMATION

Carlton & Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents invoiced work done for consultancy services.

Tangible fixed assets

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

Computer equipment

-

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.

Revenue recognition

In accordance with the provisions of UITF40 'Revenue recognition and service contracts' where work straddles a year end it is treated a a long term contract and income is accrued as the work progresses to reflect the partial completion of the work at the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2021

and 31 August 2022

1,909

DEPRECIATION

At 1 September 2021

1,550

Charge for year

90

At 31 August 2022

1,640

NET BOOK VALUE

At 31 August 2022

269

At 31 August 2021

359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Tax

-

542

Prepayments

616

746

616

1,288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Tax

504

-

Directors' current accounts

1,561

1,249

Accrued expenses

619

600

2,684

1,849

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

200

Ordinary

£1

200

200