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REGISTERED NUMBER: 03840195 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CARDEN CUNIETTI LIMITED

CARDEN CUNIETTI LIMITED (REGISTERED NUMBER: 03840195)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARDEN CUNIETTI LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Ms A Carden
Ms E Cunietti





SECRETARY: Ms E Cunietti





REGISTERED OFFICE: 10 London Mews
Paddington
LONDON
W2 1HY





REGISTERED NUMBER: 03840195 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
London
W21HY

CARDEN CUNIETTI LIMITED (REGISTERED NUMBER: 03840195)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,667 11,667
Tangible assets 5 72,609 103,775
74,276 115,442

CURRENT ASSETS
Stocks 6 1,345,501 2,027,705
Debtors 7 69,796 328,029
Cash at bank 233,977 260,961
1,649,274 2,616,695
CREDITORS
Amounts falling due within one year 8 1,566,330 2,421,567
NET CURRENT ASSETS 82,944 195,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,220

310,570

CREDITORS
Amounts falling due after more than one
year

9

61,683

81,049
NET ASSETS 95,537 229,521

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 94,537 228,521
SHAREHOLDERS' FUNDS 95,537 229,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

CARDEN CUNIETTI LIMITED (REGISTERED NUMBER: 03840195)

BALANCE SHEET - continued
30 April 2024


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

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 6 September 2024 and were signed on its behalf by:





Ms A Carden - Director


CARDEN CUNIETTI LIMITED (REGISTERED NUMBER: 03840195)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Carden Cunietti 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.

The accounts are prepared on a going concern basis. The directors believe this to be appropriate on the basis that they have received assurances from the creditors that they will not require the repayment of advances made by them to the company until the company has adequate funds to remain solvent.

Turnover
Turnover represents invoiced project income in the year, net of discounts and value added tax.

Rendering of services

Revenue for providing services is recognised in the period when projects are completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above 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 payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.


CARDEN CUNIETTI LIMITED (REGISTERED NUMBER: 03840195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 200,000
AMORTISATION
At 1 May 2023 188,333
Amortisation for year 10,000
At 30 April 2024 198,333
NET BOOK VALUE
At 30 April 2024 1,667
At 30 April 2023 11,667

CARDEN CUNIETTI LIMITED (REGISTERED NUMBER: 03840195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 102,606 94,365 39,059 236,030
DEPRECIATION
At 1 May 2023 73,706 23,590 34,959 132,255
Charge for year 11,917 17,694 1,555 31,166
At 30 April 2024 85,623 41,284 36,514 163,421
NET BOOK VALUE
At 30 April 2024 16,983 53,081 2,545 72,609
At 30 April 2023 28,900 70,775 4,100 103,775

6. STOCKS
30.4.24 30.4.23
£    £   
Work-in-progress 1,345,501 2,027,705

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 35,702 275,756
Other debtors 34,094 52,273
69,796 328,029

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,881 8,881
Payments on account 1,304,908 1,874,962
Trade creditors 68,407 394,111
Taxation and social security 21,744 85,436
Other creditors 152,390 48,177
1,566,330 2,421,567

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 50,016 59,382
61,683 81,049

CARDEN CUNIETTI LIMITED (REGISTERED NUMBER: 03840195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
900 Ordinary £1 900 900
100 Ordinary 'B' £1 100 100
1,000 1,000