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Company Registration No. 11926768 (England and Wales)
Carbon Rewind Ltd Unaudited accounts for the year ended 31 March 2023
Carbon Rewind Ltd Unaudited accounts Contents
Page
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Carbon Rewind Ltd Company Information for the year ended 31 March 2023
Director
M A Pidgeon
Company Number
11926768 (England and Wales)
Registered Office
Axis Building 2 Rhodes Way Watford Hertfordshire WD24 4YW England
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Carbon Rewind Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
536,822 
147,289 
Current assets
Inventories
635,616 
270,000 
Debtors
2,073,868 
212,162 
Cash at bank and in hand
637,414 
57,222 
3,346,898 
539,384 
Creditors: amounts falling due within one year
(1,459,692)
(469,927)
Net current assets
1,887,206 
69,457 
Total assets less current liabilities
2,424,028 
216,746 
Creditors: amounts falling due after more than one year
(340,632)
(34,167)
Net assets
2,083,396 
182,579 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,083,394 
182,577 
Shareholders' funds
2,083,396 
182,579 
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 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 1 September 2023 and were signed on its behalf by
M A Pidgeon Director Company Registration No. 11926768
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Carbon Rewind Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Carbon Rewind Ltd is a private company, limited by shares, registered in England and Wales, registration number 11926768. The registered office is Axis Building 2, Rhodes Way, Watford, Hertfordshire, WD24 4YW, 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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
26,555 
155,885 
21,795 
22,324 
226,559 
Additions
1,154 
543,089 
14,100 
370 
558,713 
Disposals
- 
(74,245)
- 
- 
(74,245)
At 31 March 2023
27,709 
624,729 
35,895 
22,694 
711,027 
Depreciation
At 1 April 2022
10,787 
55,946 
4,377 
8,160 
79,270 
Charge for the year
4,205 
90,483 
6,397 
5,627 
106,712 
On disposals
- 
(11,777)
- 
- 
(11,777)
At 31 March 2023
14,992 
134,652 
10,774 
13,787 
174,205 
Net book value
At 31 March 2023
12,717 
490,077 
25,121 
8,907 
536,822 
At 31 March 2022
15,768 
99,939 
17,418 
14,164 
147,289 
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Carbon Rewind Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
162,828 
- 
Trade debtors
1,717,073 
151,984 
Amounts due from group undertakings etc.
3,180 
- 
Accrued income and prepayments
656 
56,998 
Other debtors
190,131 
- 
2,073,868 
208,982 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
3,180 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,000 
VAT
- 
31,590 
Obligations under finance leases and hire purchase contracts
100,927 
- 
Trade creditors
780,805 
230,838 
Taxes and social security
490,613 
159,792 
Other creditors
1,624 
8,558 
Accruals
75,075 
29,149 
1,459,692 
469,927 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,379 
34,167 
Obligations under finance leases and hire purchase contracts
317,253 
- 
340,632 
34,167 
8
Transactions with related parties
Included within Other Debtors is an amount of £7,000 ( 2022: £Nil ) due from Andrew Clifford, a shareholder of the company, and £13,052 ( 2022: £Nil) due from M Pidgeon, a shareholder and director of the company. These amounts were repaid after the year end. At the balance sheet date a balance of £3,180 (2022: £3180) was owed by the parent company Carbon Rewind Holdings Limited. This amount is unsecured, interest free and repayable on demand, with 12 month notice.
9
Average number of employees
During the year the average number of employees was 46 (2022: 33).
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