Company Registration No. 05052750 (England and Wales)
Carbon Accountants Limited
Unaudited accounts
for the year ended 31 March 2023
Carbon Accountants Limited
Unaudited accounts
Contents
Carbon Accountants Limited
Statement of financial position
as at 31 March 2023
Tangible assets
52,382
59,332
Cash at bank and in hand
15,828
350
Creditors: amounts falling due within one year
(23,744)
(26,862)
Net current assets
56,149
36,136
Total assets less current liabilities
108,531
95,468
Creditors: amounts falling due after more than one year
(41,939)
(35,748)
Called up share capital
1
1
Profit and loss account
66,591
59,719
Shareholders' funds
66,592
59,720
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 30 December 2023 and were signed on its behalf by
Franco Ardani
Director
Company Registration No. 05052750
Carbon Accountants Limited
Notes to the Accounts
for the year ended 31 March 2023
Carbon Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 05052750. The registered office is 66 Botley Road, Park Gate, Southampton, Hampshire, SO31 1BB, 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.
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
10% Straight Line
Motor vehicles
20% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
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
32,578
29,465
26,564
33,174
121,781
Additions
-
9,490
2,284
524
12,298
At 31 March 2023
32,578
38,955
28,848
33,698
134,079
At 1 April 2022
8,225
11,794
17,854
24,576
62,449
Charge for the year
4,333
5,432
4,868
4,615
19,248
At 31 March 2023
12,558
17,226
22,722
29,191
81,697
At 31 March 2023
20,020
21,729
6,126
4,507
52,382
At 31 March 2022
24,353
17,671
8,710
8,598
59,332
Carbon Accountants Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
1,750
20,292
Amounts due from group undertakings etc.
53,373
34,719
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,118
-
Obligations under finance leases and hire purchase contracts
-
4,063
Amounts owed to group undertakings and other participating interests
335
335
Taxes and social security
8,722
11,706
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,856
2,415
8
Transactions with related parties
The company operates from premises leased from Carbon Estates Limited a company under the control of the director. During the period Carbon Estates Limited charged the company rent of £10,646 in respect of rent including accrued rent unpaid. These charges are at normal commercial rates and at open market value.
The company provided an interest free loan of £38,413 to Ascot Estate Agents Limited a subsidiary of Carbon Estates Limited, the ultimate controlling party being the director of Carbon Accountants Limited.
The company was under the control of the director by virtue of his interest in the issued share capital of the company.
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).