2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC689963 2023-03-01 2024-02-29 SC689963 2024-02-29 SC689963 2023-02-28 SC689963 2022-03-01 2023-02-28 SC689963 2023-02-28 SC689963 2022-02-28 SC689963 bus:Director1 2023-03-01 2024-02-29 SC689963 core:WithinOneYear 2024-02-29 SC689963 core:WithinOneYear 2023-02-28 SC689963 core:ShareCapital 2024-02-29 SC689963 core:ShareCapital 2023-02-28 SC689963 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC689963 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC689963 bus:SmallEntities 2023-03-01 2024-02-29 SC689963 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC689963 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC689963 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC689963 bus:FullAccounts 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: SC689963
Karbon (Aberdeen) Ltd
Filleted Unaudited Financial Statements
29 February 2024
Karbon (Aberdeen) Ltd
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Current assets
Stocks
420,279
292,410
Debtors
5
80,000
3,538
Cash at bank and in hand
49,123
5,470
---------
---------
549,402
301,418
Creditors: amounts falling due within one year
6
183,202
127,088
---------
---------
Net current assets
366,200
174,330
---------
---------
Total assets less current liabilities
366,200
174,330
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
366,199
174,329
---------
---------
Shareholders funds
366,200
174,330
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 September 2024 , and are signed on behalf of the board by:
Mr K McDonald
Director
Company registration number: SC689963
Karbon (Aberdeen) Ltd
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 40 Dalrymple Circle, Blackburn, Aberdeen, AB21 0XB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Trade debtors
3,538
Other debtors
80,000
--------
-------
80,000
3,538
--------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
46,724
54,235
Corporation tax
84,589
41,072
Social security and other taxes
24,131
20,178
Other creditors
27,758
11,603
---------
---------
183,202
127,088
---------
---------
7. Transactions with the director
Creditors includes £26,557 (£10,603 - 2023) in respect of monies advanced to the company by the director.