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REGISTERED NUMBER: SC625569 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CARBON MPS LIMITED

CARBON MPS LIMITED (REGISTERED NUMBER: SC625569)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARBON MPS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G Gray
C Yule
S Simpson
P M Devine
R Green





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
AB10 1YL





REGISTERED NUMBER: SC625569 (Scotland)






CARBON MPS LIMITED (REGISTERED NUMBER: SC625569)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,327 31,764

CURRENT ASSETS
Stocks 373,418 287,093
Debtors 5 203,767 149,029
Cash at bank 185,146 105,186
762,331 541,308
CREDITORS
Amounts falling due within one year 6 637,210 444,194
NET CURRENT ASSETS 125,121 97,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,448

128,878

CREDITORS
Amounts falling due after more than one
year

7

163,641

124,649
NET ASSETS 77,807 4,229

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 77,607 4,029
SHAREHOLDERS' FUNDS 77,807 4,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CARBON MPS LIMITED (REGISTERED NUMBER: SC625569)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





C Yule - Director


CARBON MPS LIMITED (REGISTERED NUMBER: SC625569)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Carbon MPS Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance and 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CARBON MPS LIMITED (REGISTERED NUMBER: SC625569)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 13,672 41,066 6,148 60,886
Additions 17,455 88,240 5,970 111,665
Disposals - (24,999 ) - (24,999 )
At 31 March 2024 31,127 104,307 12,118 147,552
DEPRECIATION
At 1 April 2023 1,920 22,635 4,567 29,122
Charge for year 3,341 12,793 1,582 17,716
Eliminated on disposal - (15,613 ) - (15,613 )
At 31 March 2024 5,261 19,815 6,149 31,225
NET BOOK VALUE
At 31 March 2024 25,866 84,492 5,969 116,327
At 31 March 2023 11,752 18,431 1,581 31,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,625 122,556
Other debtors 38,142 26,473
203,767 149,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,756 6,580
Trade creditors 432,818 283,527
Amounts owed to group undertakings 50,445 50,445
Taxation and social security 101,812 29,653
Other creditors 42,379 73,989
637,210 444,194

CARBON MPS LIMITED (REGISTERED NUMBER: SC625569)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 65,253 1,645
Other creditors 98,388 123,004
163,641 124,649

8. ULTIMATE CONTROLLING PARTY

The controlling party is Carbon Group (U.K.) Limited.

The ultimate controlling party is the directors.