Company Registration No. 10214129 (England and Wales)
Candled Limited
Unaudited accounts
for the year ended 30 June 2024
Candled Limited
Unaudited accounts
Contents
Candled Limited
Company Information
for the year ended 30 June 2024
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
Candled Limited
Statement of financial position
as at 30 June 2024
Tangible assets
2,975
3,719
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)
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
Candled Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Fixtures & fittings
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
Trade creditors
272,454
268,371
Loans from directors
19,321
18,914
6
Creditors: amounts falling due after more than one year
2024
2023
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).