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REGISTERED NUMBER: 09847630 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Carbon Component Solutions Ltd

Carbon Component Solutions Ltd (Registered number: 09847630)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Carbon Component Solutions Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B Noon
S R Noon





REGISTERED OFFICE: Unit 10 New Rookery Farm
Little London
Silverstone
Northamptonshire
NN12 8UP





REGISTERED NUMBER: 09847630 (England and Wales)





AUDITORS: CED Accountancy Services Limited
Statutory Auditors
Chartered Accountants
1 Lucas Bridge Business Park
1 Old Greens Norton Road
Towcester
Northamptonshire
NN12 8AX

Carbon Component Solutions Ltd (Registered number: 09847630)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439,725 274,948

CURRENT ASSETS
Stocks 433,516 451,070
Debtors 2,587,441 2,576,936
Cash at bank 1,652,652 657,998
4,673,609 3,686,004
CREDITORS
Amounts falling due within one year 1,289,011 884,831
NET CURRENT ASSETS 3,384,598 2,801,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,824,323

3,076,121

CREDITORS
Amounts falling due after more than one year (81,946 ) (279,833 )

PROVISIONS FOR LIABILITIES (81,231 ) (57,580 )
NET ASSETS 3,661,146 2,738,708

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,661,046 2,738,608
3,661,146 2,738,708

Carbon Component Solutions Ltd (Registered number: 09847630)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 August 2024 and were signed on its behalf by:




B Noon - Director



S R Noon - Director


Carbon Component Solutions Ltd (Registered number: 09847630)

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

1. STATUTORY INFORMATION

Carbon Component Solutions Ltd is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

The entity applies for Research and Development Expenditure claims, the credits are accounted for when received..

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.

Carbon Component Solutions Ltd (Registered number: 09847630)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 55 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 808,880
Additions 13,008
At 31 March 2024 821,888
DEPRECIATION
At 1 April 2023 533,932
Charge for year (151,769 )
At 31 March 2024 382,163
NET BOOK VALUE
At 31 March 2024 439,725
At 31 March 2023 274,948

Carbon Component Solutions Ltd (Registered number: 09847630)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 358,284
DEPRECIATION
At 1 April 2023 303,660
Charge for year (32,656 )
At 31 March 2024 271,004
NET BOOK VALUE
At 31 March 2024 87,280
At 31 March 2023 54,624

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 15,283 76,675
Between one and five years 16,587 32,295
31,870 108,970

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 35,000 35,000
Between one and five years 131,250 166,250
166,250 201,250

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Duncan Mitchell FCA (Senior Statutory Auditor)
for and on behalf of CED Accountancy Services Limited

Carbon Component Solutions Ltd (Registered number: 09847630)

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

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BSN Holdings Ltd, registered office Unit 10 New Rookery Farm, Little London, Silverstone, Northamptonshire, NN12 8UP