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Registered number: 12497815
Decarb Connect Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Savvy Accounting
25 Eccleston Place
London
SW1W 9NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12497815
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,687 3,307
2,687 3,307
CURRENT ASSETS
Debtors 5 11,153 26,703
Cash at bank and in hand 298,137 249,578
309,290 276,281
Creditors: Amounts Falling Due Within One Year 6 (135,717 ) (113,240 )
NET CURRENT ASSETS (LIABILITIES) 173,573 163,041
TOTAL ASSETS LESS CURRENT LIABILITIES 176,260 166,348
Creditors: Amounts Falling Due After More Than One Year 7 (361,759 ) (299,267 )
NET LIABILITIES (185,499 ) (132,919 )
CAPITAL AND RESERVES
Called up share capital 8 215,108 215,108
Profit and Loss Account (400,607 ) (348,027 )
SHAREHOLDERS' FUNDS (185,499) (132,919)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Charlotte Cameron
Director
12th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Decarb Connect Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12497815 . The registered office is International House, 6 South Molton Street, London, W1K 5QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25%
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 5,139
As at 31 March 2024 5,139
Depreciation
As at 1 April 2023 1,832
Provided during the period 620
As at 31 March 2024 2,452
Net Book Value
As at 31 March 2024 2,687
As at 1 April 2023 3,307
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 25,670
Other debtors 11,153 1,033
11,153 26,703
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 280 7,482
Bank loans and overdrafts 10,648 8,088
Other creditors 87,844 73,170
Taxation and social security 36,945 24,500
135,717 113,240
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,759 24,267
Other creditors 350,000 275,000
361,759 299,267
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 215,108 215,108
Page 4