Company Registration No. 00645989 (England and Wales)
D.L.CARTER AND SON LIMITED
Unaudited accounts
for the year ended 31 March 2023
D.L.CARTER AND SON LIMITED
Unaudited accounts
Contents
D.L.CARTER AND SON LIMITED
Company Information
for the year ended 31 March 2023
Directors
Ayaz Akram
Hassan Zaffar Malik
Company Number
00645989 (England and Wales)
Registered Office
FERNDENE
WEST PARK ROAD
GATESHEAD
NE8 4SP
ENGLAND
Accountants
Caldwell House Consulting
44 Caldwell Road
Birmingham
West Midlands
B9 5TQ
D.L.CARTER AND SON LIMITED
Statement of financial position
as at 31 March 2023
Intangible assets
1,035,000
1,150,000
Tangible assets
213,013
131,853
Inventories
114,265
94,821
Cash at bank and in hand
132,477
119,014
Creditors: amounts falling due within one year
(315,584)
(231,760)
Net current assets
311,713
420,954
Total assets less current liabilities
1,559,726
1,702,807
Creditors: amounts falling due after more than one year
(1,129,642)
(1,197,698)
Provisions for liabilities
Deferred tax
(35,977)
(31,380)
Net assets
394,107
473,729
Called up share capital
3,000
3,000
Revaluation reserve
(20,000)
(20,000)
Profit and loss account
411,107
490,729
Shareholders' funds
394,107
473,729
For the year ending 31 March 2023 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 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 11 December 2023 and were signed on its behalf by
Hassan Zaffar Malik
Director
Company Registration No. 00645989
D.L.CARTER AND SON LIMITED
Notes to the Accounts
for the year ended 31 March 2023
D.L.CARTER AND SON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00645989. The registered office is FERNDENE, WEST PARK ROAD, GATESHEAD, NE8 4SP, ENGLAND.
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.
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:
Motor vehicles
At 25% reducing balance basis (pro-rata as appropriate)
Fixtures & fittings
At 20% reducing balance basis (pro-rata as appropriate)
Computer equipment
At 18% reducing balance basis (pro-rata as appropriate)
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years (reducing balance basis).
4
Intangible fixed assets
Goodwill
At 31 March 2023
1,150,000
Charge for the year
115,000
At 31 March 2023
1,035,000
At 31 March 2022
1,150,000
D.L.CARTER AND SON LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
90,000
27,727
91,881
7,499
217,107
Additions
-
33,324
47,579
20,241
101,144
At 31 March 2023
90,000
61,051
139,460
27,740
318,251
At 1 April 2022
-
10,968
72,833
1,453
85,254
Charge for the year
-
7,938
9,667
2,379
19,984
At 31 March 2023
-
18,906
82,500
3,832
105,238
At 31 March 2023
90,000
42,145
56,960
23,908
213,013
At 31 March 2022
90,000
16,759
19,048
6,046
131,853
Amounts falling due within one year
Amounts due from group undertakings etc.
-
354,067
Amounts falling due after more than one year
Amounts due from group undertakings etc.
354,067
-
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
225,962
188,992
Taxes and social security
50,039
42,264
Loans from directors
33,490
-
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,129,642
1,197,698
D.L.CARTER AND SON LIMITED
Notes to the Accounts
for the year ended 31 March 2023
9
Deferred taxation
2023
2022
Accelerated capital allowances
35,977
31,380
Provision at start of year
31,380
19,707
Charged to the profit and loss account
4,597
11,673
Provision at end of year
35,977
31,380
Allotted, called up and fully paid:
3,000 Ordinary shares of £1 each
3,000
3,000
11
Average number of employees
During the year the average number of employees was 18 (2022: 14).
