Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falseNo description of principal activitytrue02022-10-27false0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14447098 2022-10-26 14447098 2022-10-27 2023-10-31 14447098 2021-10-27 2022-10-26 14447098 2023-10-31 14447098 c:Director1 2022-10-27 2023-10-31 14447098 d:CurrentFinancialInstruments 2023-10-31 14447098 d:Non-currentFinancialInstruments 2023-10-31 14447098 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14447098 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 14447098 d:ShareCapital 2023-10-31 14447098 d:RetainedEarningsAccumulatedLosses 2023-10-31 14447098 c:OrdinaryShareClass1 2022-10-27 2023-10-31 14447098 c:OrdinaryShareClass1 2023-10-31 14447098 c:FRS102 2022-10-27 2023-10-31 14447098 c:AuditExempt-NoAccountantsReport 2022-10-27 2023-10-31 14447098 c:FullAccounts 2022-10-27 2023-10-31 14447098 c:PrivateLimitedCompanyLtd 2022-10-27 2023-10-31 14447098 e:PoundSterling 2022-10-27 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14447098










CARBON XINC LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
CARBON XINC LTD
REGISTERED NUMBER: 14447098

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
420

  
420

Current liabilities
  

Creditors: amounts falling due within one year
 4 
(6,951)

Net current (liabilities)/assets
  
 
 
(6,531)

Total assets less current liabilities
  
(6,531)

Creditors: amounts falling due after more than one year
 5 
(77,400)

  

Net (liabilities)/assets
  
(83,931)


Capital and reserves
  

Called up share capital 
 6 
100

Profit and loss account
  
(84,031)

  
(83,931)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


M Barber
Director

Date: 13 November 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CARBON XINC LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Carbon Xinc Ltd is a private company, limited by shares and incorporated in England and Wales (registered number 14447098). The address of its registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, United Kingdom, RG19 6AB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets, and the company meets its day to day working capital requirements through financial support from related company loans. The loans to the company will not be called in until the company has sufficient funds to repay. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
CARBON XINC LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Debtors

2023
£


Other debtors
420



4.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
3,410

Other creditors
629

Accruals and deferred income
2,912

6,951



5.


Creditors: Amounts falling due after more than one year

2023
£

Other creditors
77,400


Page 3

 
CARBON XINC LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, 100 ordinary shares of £1 each were issued at par.


7.


Related party transactions

At the year end £24,634 and £34,264 was owed to separate companies under common control.


Page 4