2023-02-012024-01-312024-01-31false13137785CARBON POINT EV SOLUTIONS 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CARBON POINT EV SOLUTIONS LTD

Registered Number
13137785
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

CARBON POINT EV SOLUTIONS LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

S Hoskyns
D Jansari

Registered Address

8 Invergarry Close
Rushey Mead
Leicester
LE4 7PQ

Registered Number

13137785 (England and Wales)
CARBON POINT EV SOLUTIONS LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors365,584100
Cash at bank and on hand2,83128,207
68,41528,307
Creditors amounts falling due within one year4(38,754)(18,560)
Net current assets (liabilities)29,6619,747
Total assets less current liabilities29,6619,747
Net assets29,6619,747
Capital and reserves
Called up share capital100100
Profit and loss account29,5619,647
Shareholders' funds29,6619,747
The financial statements were approved and authorised for issue by the Board of Directors on 18 October 2024, and are signed on its behalf by:
D Jansari
Director
Registered Company No. 13137785
CARBON POINT EV SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year10
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables57,405-
Amounts owed by group undertakings3,400100
Amounts owed by associates and joint ventures / participating interests1,017-
Other debtors2,874-
Prepayments and accrued income888-
Total65,584100
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables12,814-
Amounts owed to related parties-2,920
Taxation and social security10,4124,614
Other creditors12,5468,826
Accrued liabilities and deferred income2,9822,200
Total38,75418,560
5.Related party transactions
A loan account exists, At the balance sheet date the amount owed by Carbon Point Ventures Ltd, the parent company, was £3,400 (2023-£100). A loan account exists between the company and Carbon Point Limited, a company of which the director, D Jansari, is also a director. At the year end, the balance owed by Carbon Point Limited was £856 (2023-£2,920 Credit). A loan account exists between the company and Sitima Energi Limited, a company of which the parent company, Carbon Point Ventures Ltd, owns shares in. At the year end, the balance owed by Sitima Energi Limited was £1,017 (2023-£Nil).
6.Parent-subsidiary relationships
The company's immediate parent is Carbon Point Ventures Ltd, incorporated in England and Wales, whose registered office is 8 Invergarry Close, Rushey Mead, Leicester, LE4 7PQ.