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Registered number: 09470826

Carbon Saving Group Limited

ACCOUNTS
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
Thomas Read
REGISTERED OFFICE
Unit 9
32 Burrington Way
Plymouth
PL5 3FR
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 Sheet3
Notes To The Accounts4
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 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3457,168454,854
CURRENT ASSETS
Stock20,00020,500
Debtors678,205202,555
Cash at bank and in hand35,82465,379
134,029288,434
CREDITORS: Amounts falling due within one year7154,057217,820
NET CURRENT (LIABILITIES) / ASSETS(20,028)70,614
TOTAL ASSETS LESS CURRENT LIABILITIES437,140525,468
CREDITORS: Amounts falling due after more than one year8114,922172,679
PROVISIONS FOR LIABILITIES AND CHARGES914,50016,000
NET ASSETS307,718336,789
CAPITAL AND RESERVES
Called up share capital1011
Profit and loss account307,717336,788
SHAREHOLDERS' FUNDS307,718336,789
For the year ending 28/02/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/11/2023 and signed on their behalf by
.............................
Thomas Read
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 2%
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing 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
20232022
No.No.
Average number of employees1716
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryEquipmentMotor CarsTotal
£££££
Cost
At 01/03/2022239,29025,94512,67998,098376,012
Additions26,840-3,997-30,837
Disposals---(69,354)(69,354)
At 28/02/2023266,13025,94516,67628,744337,495
Depreciation
At 01/03/20223,98618,2346,27153,04581,536
Disposals---(40,180)(40,180)
For the year4,3171,9282,6013,84512,691
At 28/02/20238,30320,1628,87216,71054,047
Net Book Amounts
At 28/02/2023257,8275,7837,80412,034283,448
At 28/02/2022235,3047,7116,40845,053294,476
Included in Land and buidlings is land valued at £50,281 which is not depreciated.
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/03/2022160,378160,378
Additions13,34213,342
At 28/02/2023173,720173,720

Carbon Saving Group Limited

5. STOCK 20232022
££
Stock comprises:
Stock5,0003,500
Work in progress15,00017,000
20,00020,500
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors45,297164,715
VAT28,30513,343
Salaries and wages control4242
Other debtors2,77219,002
Directors current account1,7895,453
78,205202,555
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax10,90025,600
PAYE control2,8279,603
Bank Loan34,70034,700
Credit card4,493-
Trade creditors89,976145,288
Pension schemes661,489
Accruals1,1401,140
Deferred income7,626-
Amounts due to group companies2,329-
154,057217,820

Carbon Saving Group Limited

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr61,23365,000
Bank loans (secured) >1yr53,689107,679
114,922172,679
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation14,50016,000
14,50016,000
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Class 1 shares of £1 each11
11
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.