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Company Registration No. 10214129 (England and Wales)
Candled Limited Unaudited accounts for the year ended 30 June 2024
Candled Limited Unaudited accounts Contents
Page
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Candled Limited Company Information for the year ended 30 June 2024
Director
Justin Carey
Company Number
10214129 (England and Wales)
Registered Office
Longbrook Barn Milton Abbot Tavistock Devon PL19 0PR UK
Accountants
BookBusters t/n of Castle Home Loans Limited Eureka House Higher Downgate Callington Cornwall PL17 8HL
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Candled Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,975 
3,719 
Current assets
Inventories
2,100 
2,100 
Creditors: amounts falling due within one year
(364,487)
(300,442)
Net current liabilities
(362,387)
(298,342)
Total assets less current liabilities
(359,412)
(294,623)
Creditors: amounts falling due after more than one year
(42,110)
(54,310)
Net liabilities
(401,522)
(348,933)
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
(401,624)
(349,035)
Shareholders' funds
(401,522)
(348,933)
For the year ending 30 June 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 16 May 2025 and were signed on its behalf by
Justin Carey Director Company Registration No. 10214129
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Candled Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Candled Limited is a private company, limited by shares, registered in England and Wales, registration number 10214129. The registered office is Longbrook Barn, Milton Abbot, Tavistock, Devon, PL19 0PR, UK.
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred. This has been included in Materials as equipment has been made from experimentation as there are no prototypes available for the processes required.
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:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
14,359 
At 30 June 2024
14,359 
Depreciation
At 1 July 2023
10,640 
Charge for the year
744 
At 30 June 2024
11,384 
Net book value
At 30 June 2024
2,975 
At 30 June 2023
3,719 
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Candled Limited Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
72,622 
6,745 
VAT
90 
6,412 
Trade creditors
272,454 
268,371 
Loans from directors
19,321 
18,914 
364,487 
300,442 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
42,110 
47,991 
Other creditors
- 
6,319 
42,110 
54,310 
7
Post balance sheet events
The director has under taken agreement for the use of patents to produce candles in China with payments from international sales to be made to this company. Completion of these accounts will provide continuance of the company name for this to happen. Specialised Legal assisatance has been engaged to enable progress towards this end.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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