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REGISTERED NUMBER: 10151603 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Carpe Diem (Romford) Ltd

Carpe Diem (Romford) Ltd (Registered number: 10151603)






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


Carpe Diem (Romford) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mrs K N Taylor





REGISTERED OFFICE: Unit 2 Office 1 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 10151603 (England and Wales)





ACCOUNTANTS: Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD

Carpe Diem (Romford) Ltd (Registered number: 10151603)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,892 160,127
Tangible assets 5 3,899 5,198
124,791 165,325

CURRENT ASSETS
Debtors 6 2,960 2,960
Cash in hand - 753
2,960 3,713
CREDITORS
Amounts falling due within one year 7 95,351 87,634
NET CURRENT LIABILITIES (92,391 ) (83,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,400

81,404

CREDITORS
Amounts falling due after more than one
year

8

215,232

245,067
NET LIABILITIES (182,832 ) (163,663 )

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings (182,882 ) (163,713 )
SHAREHOLDERS' FUNDS (182,832 ) (163,663 )

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 director acknowledges her 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.

Carpe Diem (Romford) Ltd (Registered number: 10151603)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mrs K N Taylor - Director


Carpe Diem (Romford) Ltd (Registered number: 10151603)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Carpe Diem (Romford) Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of two 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.

Patents and licences are being amortised evenly over their estimated useful life of eight years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Carpe Diem (Romford) Ltd (Registered number: 10151603)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 500 330,058 330,558
AMORTISATION
At 1 May 2023 500 169,931 170,431
Charge for year - 39,235 39,235
At 30 April 2024 500 209,166 209,666
NET BOOK VALUE
At 30 April 2024 - 120,892 120,892
At 30 April 2023 - 160,127 160,127

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 20,668
DEPRECIATION
At 1 May 2023 15,470
Charge for year 1,299
At 30 April 2024 16,769
NET BOOK VALUE
At 30 April 2024 3,899
At 30 April 2023 5,198

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 2,960 2,960

Carpe Diem (Romford) Ltd (Registered number: 10151603)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 20,050 16,172
Taxation and social security 27,669 35,101
Other creditors 47,632 36,361
95,351 87,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 22,952 27,593
Other creditors 192,280 217,474
215,232 245,067

Amounts falling due in more than five years:

Repayable by instalments
Franchise loan 7,130 49,909

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 14,854 11,172
Bank loans 5,196 5,000
Franchise loan 42,779 35,084
62,829 51,256

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,000 5,926
Franchise loan 42,779 35,084
47,779 41,010

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,952 21,667
Franchise loan 142,371 132,481
160,323 154,148

Amounts falling due in more than five years:

Repayable by instalments
Franchise loan 7,130 49,909

Carpe Diem (Romford) Ltd (Registered number: 10151603)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K N Taylor.