Company Registration No. 7921247 (England and Wales)
Carbon Art 45 Limited
Unaudited accounts
for the year ended 31 March 2020
Carbon Art 45 Limited
Unaudited accounts
Contents
Carbon Art 45 Limited
Company Information
for the year ended 31 March 2020
Company Number
7921247 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Carbon Art 45 Limited
Statement of financial position
as at
31 March 2020
Intangible assets
1,800
2,800
Tangible assets
25,423
30,840
Inventories
102,500
80,558
Cash at bank and in hand
87,238
61,730
Creditors: amounts falling due within one year
(105,470)
(63,358)
Net current assets
214,387
173,856
Total assets less current liabilities
241,610
207,496
Provisions for liabilities
Deferred tax
(4,583)
(5,597)
Net assets
237,027
201,899
Called up share capital
1
1
Profit and loss account
237,026
201,898
Shareholders' funds
237,027
201,899
For the year ending 31 March 2020 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 director acknowledges his 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 and authorised for issue on 23 November 2020 and were signed on its behalf by
A J Gibson
Director
Company Registration No. 7921247
Carbon Art 45 Limited
Notes to the Accounts
for the year ended 31 March 2020
Carbon Art 45 Limited is a private company, limited by shares, registered in England and Wales, registration number 7921247. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
1,000
Carbon Art 45 Limited
Notes to the Accounts
for the year ended 31 March 2020
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2019
2,105
11,807
28,020
102
628
42,662
Additions
-
264
-
-
75
339
At 31 March 2020
2,105
12,071
28,020
102
703
43,001
At 1 April 2019
725
5,049
5,604
28
416
11,822
Charge for the year
137
1,053
4,483
11
72
5,756
At 31 March 2020
862
6,102
10,087
39
488
17,578
At 31 March 2020
1,243
5,969
17,933
63
215
25,423
At 31 March 2019
1,380
6,758
22,416
74
212
30,840
Work in progress
-
20,000
Finished goods
102,500
60,558
Trade debtors
109,488
82,035
Accrued income and prepayments
514
256
Other debtors
20,117
12,635
8
Creditors: amounts falling due within one year
2020
2019
Trade creditors
29,297
3,574
Taxes and social security
22,563
31,932
Other creditors
53,542
27,835
Loans from directors
68
17
9
Average number of employees
During the year the average number of employees was 1 (2019: 1).