CARBON DECODED LTD
Registered number: 08653771
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 450 607
Current assets
Debtors & pre-payments 4 2,308 907
Cash at bank and in hand 25,849 20,087
28,157 20,994
Creditors: amounts falling due within one year 5 (11,604) (7,919)
Net current assets 16,553 13,075
Net assets 17,003 13,682
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,002 13,681
Shareholder's funds 17,003 13,682
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms S P M Spilsbury
Director
Approved by the board on 8 April 2024
CARBON DECODED LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33.3% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office & Computer equipment
£
Cost
At 1 April 2023 3,350
At 31 March 2024 3,350
Depreciation
At 1 April 2023 2,743
Charge for the year 157
At 31 March 2024 2,900
Net book value
At 31 March 2024 450
At 31 March 2023 607
4 Debtors 2024 2023
£ £
Trade debtors 2,308 907
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 24 14
Corporation tax 7,149 5,425
Other taxes and social security costs 4,431 2,480
11,604 7,919
6 Other information
CARBON DECODED LTD is a private company limited by shares and incorporated in England. Its registered office is:
53 Kennington Road
Oxford
OX1 5PB
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