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
Carbon Rewind Ltd
Company Information
for the year ended 31 March 2023
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
Carbon Rewind Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
536,822
147,289
Inventories
635,616
270,000
Cash at bank and in hand
637,414
57,222
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
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
Carbon Rewind Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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:
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
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
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
Carbon Rewind Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
1,717,073
151,984
Amounts due from group undertakings etc.
3,180
-
Accrued income and prepayments
656
56,998
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
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
317,253
-
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).