Registered number: 09470826 | ||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||
Prepared By: | ||||||||
Frank Gartland Limited | ||||||||
6 Torland Road | ||||||||
Plymouth | ||||||||
PL3 5TS |
Carbon Saving Group Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09470826 | ||||||||
ACCOUNTANTS | ||||||||
Frank Gartland Limited | ||||||||
6 Torland Road | ||||||||
Plymouth | ||||||||
PL3 5TS |
Carbon Saving Group Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED28/02/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Carbon Saving Group Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
134,029 | 288,434 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 70,614 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 114,922 | 172,679 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 307,717 | 336,788 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Carbon Saving Group Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | reducing balance 2% | |||||||
Plant and Machinery | reducing balance 25% | |||||||
Equipment | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Carbon Saving Group Limited | ||||||||
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 16 | |||||
3. TANGIBLE FIXED ASSETS | |||||||||||
Land And | Plant and | ||||||||||
Buildings | Machinery | Equipment | Motor Cars | Total | |||||||
£ | £ | £ | £ | £ | |||||||
Cost | |||||||||||
At 01/03/2022 | 239,290 | 25,945 | 12,679 | 98,098 | 376,012 | ||||||
Additions | 26,840 | - | 3,997 | - | 30,837 | ||||||
Disposals | - | - | - | (69,354) | (69,354) | ||||||
At 28/02/2023 | 266,130 | 25,945 | 16,676 | 28,744 | 337,495 | ||||||
Depreciation | |||||||||||
At 01/03/2022 | 3,986 | 18,234 | 6,271 | 53,045 | 81,536 | ||||||
Disposals | - | - | - | (40,180) | (40,180) | ||||||
For the year | 4,317 | 1,928 | 2,601 | 3,845 | 12,691 | ||||||
At 28/02/2023 | 8,303 | 20,162 | 8,872 | 16,710 | 54,047 | ||||||
Net Book Amounts | |||||||||||
At 28/02/2023 | 283,448 | ||||||||||
At 28/02/2022 | 294,476 | ||||||||||
Included in Land and buidlings is land valued at £50,281 which is not depreciated. | |||||||||||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/03/2022 | 160,378 | 160,378 | ||
Additions | 13,342 | 13,342 | ||
At 28/02/2023 | 173,720 | 173,720 | ||
Carbon Saving Group Limited | ||||||||
5. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Work in progress | ||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 45,297 | 164,715 | ||||||
VAT | 28,305 | 13,343 | ||||||
Salaries and wages control | 42 | 42 | ||||||
Other debtors | 2,772 | 19,002 | ||||||
Directors current account | 1,789 | 5,453 | ||||||
78,205 | 202,555 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 10,900 | 25,600 | ||||||
PAYE control | 2,827 | 9,603 | ||||||
Bank Loan | 34,700 | 34,700 | ||||||
Credit card | 4,493 | - | ||||||
Trade creditors | 89,976 | 145,288 | ||||||
Pension schemes | 66 | 1,489 | ||||||
Accruals | 1,140 | 1,140 | ||||||
Deferred income | 7,626 | - | ||||||
Amounts due to group companies | 2,329 | - | ||||||
154,057 | 217,820 | |||||||
Carbon Saving Group Limited | ||||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 61,233 | 65,000 | ||||||
Bank loans (secured) >1yr | 53,689 | 107,679 | ||||||
114,922 | 172,679 | |||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 14,500 | 16,000 | ||||||
14,500 | 16,000 | |||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||
11. CONTROLLING PARTY | ||||||||
On 5 January 2022 the company was taken over by Carbon Saving Group Holdings Limited, which is a company registered in England. | ||||||||