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Company Registration No. 07824829 (England and Wales)
Caroleo Technology Ltd Unaudited accounts for the year ended 31 March 2024
Caroleo Technology Ltd Unaudited accounts Contents
Page
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Caroleo Technology Ltd Company Information for the year ended 31 March 2024
Director
Anthony Caroleo
Company Number
07824829 (England and Wales)
Registered Office
Flat 1 352 Stansted Road London SE6 4XB United Kingdom
Accountants
Clarity Accounting (Scotland) Ltd 234 West George Street Glasgow G2 4QY
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Caroleo Technology Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
496 
659 
Current assets
Inventories
6,000 
5,000 
Debtors
5,135 
28,328 
Cash at bank and in hand
16,665 
45,878 
27,800 
79,206 
Creditors: amounts falling due within one year
(1,795)
(32,511)
Net current assets
26,005 
46,695 
Total assets less current liabilities
26,501 
47,354 
Creditors: amounts falling due after more than one year
(32,131)
(45,936)
Net (liabilities)/assets
(5,630)
1,418 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(5,631)
1,417 
Shareholders' funds
(5,630)
1,418 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Anthony Caroleo Director Company Registration No. 07824829
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Caroleo Technology Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Caroleo Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 07824829. The registered office is Flat 1 352 Stansted Road, London, SE6 4XB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Caroleo Technology Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
600 
5,153 
5,753 
At 31 March 2024
600 
5,153 
5,753 
Depreciation
At 1 April 2023
575 
4,519 
5,094 
Charge for the year
4 
159 
163 
At 31 March 2024
579 
4,678 
5,257 
Net book value
At 31 March 2024
21 
475 
496 
At 31 March 2023
25 
634 
659 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,135 
28,328 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,585 
8,683 
VAT
6,803 
15,959 
Trade creditors
11,248 
5,685 
Taxes and social security
- 
1,911 
Other creditors
8,991 
- 
Loans from directors
(38,832)
273 
1,795 
32,511 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,131 
45,936 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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