IRIS Accounts Production v25.2.0.378 01974519 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019745192023-12-31019745192024-12-31019745192024-01-012024-12-31019745192022-12-31019745192023-01-012023-12-31019745192023-12-3101974519ns15:EnglandWales2024-01-012024-12-3101974519ns14:PoundSterling2024-01-012024-12-3101974519ns10:Director12024-01-012024-12-3101974519ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101974519ns10:SmallEntities2024-01-012024-12-3101974519ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101974519ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101974519ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101974519ns10:FullAccounts2024-01-012024-12-3101974519ns10:RegisteredOffice2024-01-012024-12-3101974519ns5:CurrentFinancialInstruments2024-12-3101974519ns5:CurrentFinancialInstruments2023-12-3101974519ns5:ShareCapital2024-12-3101974519ns5:ShareCapital2023-12-3101974519ns5:RevaluationReserve2024-12-3101974519ns5:RevaluationReserve2023-12-3101974519ns5:RetainedEarningsAccumulatedLosses2024-12-3101974519ns5:RetainedEarningsAccumulatedLosses2023-12-3101974519ns5:PlantMachinery2024-01-012024-12-3101974519ns5:LandBuildings2023-12-3101974519ns5:PlantMachinery2023-12-3101974519ns5:LandBuildings2024-01-012024-12-3101974519ns5:LandBuildings2024-12-3101974519ns5:PlantMachinery2024-12-3101974519ns5:LandBuildings2023-12-3101974519ns5:PlantMachinery2023-12-3101974519ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101974519ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101974519ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 01974519 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CARBANK LIMITED

CARBANK LIMITED (REGISTERED NUMBER: 01974519)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARBANK LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: R J Burbidge





REGISTERED OFFICE: East Wolves
London Road
Ashington
West Sussex
RH20 3AX





REGISTERED NUMBER: 01974519 (England and Wales)





ACCOUNTANTS: Waight & Company Ltd
Trading as WaightSharnock
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

CARBANK LIMITED (REGISTERED NUMBER: 01974519)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,001,338 2,001,882

CURRENT ASSETS
Stocks 400 400
Debtors 5 13,694 34,909
Cash at bank 103,507 101,755
117,601 137,064
CREDITORS
Amounts falling due within one year 6 91,586 106,069
NET CURRENT ASSETS 26,015 30,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,027,353

2,032,877

PROVISIONS FOR LIABILITIES 305,341 305,341
NET ASSETS 1,722,012 1,727,536

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Revaluation reserve 7 1,612,710 1,612,710
Retained earnings 108,102 113,626
1,722,012 1,727,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CARBANK LIMITED (REGISTERED NUMBER: 01974519)

BALANCE SHEET - continued
31 December 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 director and authorised for issue on 5 August 2025 and were signed by:





R J Burbidge - Director


CARBANK LIMITED (REGISTERED NUMBER: 01974519)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Carbank 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CARBANK LIMITED (REGISTERED NUMBER: 01974519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 2,000,000 149,051 2,149,051
DEPRECIATION
At 1 January 2024 - 147,169 147,169
Charge for year - 544 544
At 31 December 2024 - 147,713 147,713
NET BOOK VALUE
At 31 December 2024 2,000,000 1,338 2,001,338
At 31 December 2023 2,000,000 1,882 2,001,882

Included in cost or valuation of land and buildings is freehold land of £ 2,000,000 (2023 - £ 2,000,000 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 586,932 - 586,932
Valuation in 2019 625,778 - 625,778
Valuation in 2021 400,000 - 400,000
Cost 387,290 149,051 536,341
2,000,000 149,051 2,149,051

If Freehold Property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 387,290 387,290

Value of land in freehold land and buildings 387,290 387,290

Freehold land and buildings were valued on an open market basis on 31 December 2019 by Flude, property consultants .

CARBANK LIMITED (REGISTERED NUMBER: 01974519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 6,663 24,909
Other debtors 7,031 10,000
13,694 34,909

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2,472 19,082
Taxation and social security 27,354 25,513
Other creditors 61,760 61,474
91,586 106,069

7. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 1,612,710