1 May 2021 false No description of principal activity Taxfiler 2022.8.3 09550733business:PrivateLimitedCompanyLtd2021-05-012022-04-30 095507332021-04-30 095507332021-05-012022-04-30 09550733business:AuditExemptWithAccountantsReport2021-05-012022-04-30 09550733business:FullAccounts2021-05-012022-04-30 095507332022-04-30 09550733business:Director12021-05-012022-04-30 09550733business:RegisteredOffice2021-05-012022-04-30 095507332021-04-30 09550733core:WithinOneYear2022-04-30 09550733core:WithinOneYear2021-04-30 09550733core:AfterOneYear2022-04-30 09550733core:AfterOneYear2021-04-30 09550733core:RetainedEarningsAccumulatedLosses2022-04-30 09550733core:RetainedEarningsAccumulatedLosses2021-04-30 09550733business:SmallEntities2021-05-012022-04-30 09550733countries:EnglandWales2021-05-012022-04-30 09550733core:FurnitureFittings2021-05-012022-04-30 09550733core:FurnitureFittings2021-04-30 09550733core:FurnitureFittings2022-04-30 095507332020-05-012021-04-30 iso4217:GBP xbrli:pure
Company Registration No. 09550733 (England and Wales)
CARPATHIANPRODUCTS LTD Accounts for the year ended 30 April 2022
CARPATHIANPRODUCTS LTD Accounts Contents
Page
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CARPATHIANPRODUCTS LTD Company Information for the year ended 30 April 2022
Director
Alexandr Zaicov
Company Number
09550733 (England and Wales)
Registered Office
40 Page Street London SW1P 4EN England
Accountants
ABN Accounting Limited 85 Great Portland Street First Floor London United Kingdom W1W 7LT
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CARPATHIANPRODUCTS LTD Statement of financial position as at 30 April 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,197 
251 
Current assets
Inventories
8,244 
- 
Debtors
38,173 
6,325 
Cash at bank and in hand
1,201 
171 
47,618 
6,496 
Creditors: amounts falling due within one year
(8,520)
(868)
Net current assets
39,098 
5,628 
Total assets less current liabilities
45,295 
5,879 
Creditors: amounts falling due after more than one year
(89,391)
(55,115)
Net liabilities
(44,096)
(49,236)
Capital and reserves
Profit and loss account
(44,096)
(49,236)
Shareholders' funds
(44,096)
(49,236)
For the year ending 30 April 2022 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 5 September 2022 and were signed on its behalf by
Alexandr Zaicov Director Company Registration No. 09550733
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CARPATHIANPRODUCTS LTD Notes to the Accounts for the year ended 30 April 2022
1
Statutory information
CARPATHIANPRODUCTS LTD is a private company, limited by shares, registered in England and Wales, registration number 09550733. The registered office is 40 Page Street, London, SW1P 4EN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
20% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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CARPATHIANPRODUCTS LTD Notes to the Accounts for the year ended 30 April 2022
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2021
315 
Additions
7,361 
At 30 April 2022
7,676 
Depreciation
At 1 May 2021
64 
Charge for the year
1,415 
At 30 April 2022
1,479 
Net book value
At 30 April 2022
6,197 
At 30 April 2021
251 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
26 
490 
Trade debtors
1,551 
(750)
Accrued income and prepayments
30,596 
- 
Other debtors
- 
6,585 
32,173 
6,325 
Debtors: amounts falling due after more than one year
Other debtors
6,000 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,958 
864 
Taxes and social security
1,614 
4 
Other creditors
4,948 
- 
8,520 
868 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
8,150 
8,000 
Loans from directors
81,241 
47,115 
89,391 
55,115 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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