Carlton & Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07350036 (England and Wales)

CARLTON & ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

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

1,214

269

CURRENT ASSETS

Debtors

5

843

616

Cash at bank

53,535

43,709

54,378

44,325

CREDITORS

Amounts falling due within one year

6

3,452

2,684

NET CURRENT ASSETS

50,926

41,641

TOTAL ASSETS LESS CURRENT LIABILITIES

52,140

41,910

PROVISIONS FOR LIABILITIES

304

67

NET ASSETS

51,836

41,843

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

51,636

41,643

SHAREHOLDERS' FUNDS

51,836

41,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 17 May 2024 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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2022

1,909

Additions

1,350

At 31 August 2023

3,259

DEPRECIATION

At 1 September 2022

1,640

Charge for year

405

At 31 August 2023

2,045

NET BOOK VALUE

At 31 August 2023

1,214

At 31 August 2022

269

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Prepayments

843

616

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Tax

2,178

504

Directors' current accounts

625

1,561

Accrued expenses

649

619

3,452

2,684

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

200

Ordinary

£1

200

200