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REGISTERED NUMBER: 03483849 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Carbon Image Limited

Carbon Image Limited (Registered number: 03483849)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Carbon Image Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: E Taylor
Mrs W Taylor





SECRETARY: Mrs W Taylor





REGISTERED OFFICE: Rough Hill Farm
Sliven Clod Road
Loveclough
Rawtenstall
Lancashire
BB4 8FY





REGISTERED NUMBER: 03483849 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Carbon Image Limited (Registered number: 03483849)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 187
Investment property 5 446,000 608,500
446,000 608,687

CURRENT ASSETS
Stocks 8,051 8,229
Debtors 12,131 6,094
Cash at bank 206,558 98,722
226,740 113,045
CREDITORS
Amounts falling due within one year 16,127 18,516
NET CURRENT ASSETS 210,613 94,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,613

703,216

PROVISIONS FOR LIABILITIES 35,342 50,521
NET ASSETS 621,271 652,695

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 621,171 652,595
SHAREHOLDERS' FUNDS 621,271 652,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Image Limited (Registered number: 03483849)

Abridged Balance Sheet - continued
31 December 2023


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 December 2023 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 20 September 2024 and were signed on its behalf by:





Mrs W Taylor - Director


Carbon Image Limited (Registered number: 03483849)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Carbon Image Limited 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.

The company sells specialised leather to businesses. The revenue is recognised at the point of delivery and are done on a credit basis with payment usually received by BACS directly into the bank.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the profit and loss account.

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

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Carbon Image Limited (Registered number: 03483849)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 14,157
DEPRECIATION
At 1 January 2023 13,970
Charge for year 187
At 31 December 2023 14,157
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 187

Carbon Image Limited (Registered number: 03483849)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 608,500
Disposals (162,500 )
At 31 December 2023 446,000
NET BOOK VALUE
At 31 December 2023 446,000
At 31 December 2022 608,500

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
100 Share capital 1 £1 100 100

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Mrs W Taylor
Balance outstanding at start of year - -
Amounts advanced 59,763 -
Amounts repaid (53,684 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,079 -