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Registered number: 07330066
Carb'n-Off Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07330066
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 315,785 261,100
315,785 261,100
CURRENT ASSETS
Stocks 5 15,000 25,000
Debtors 6 850,011 803,781
Cash at bank and in hand 1,321,216 1,128,916
2,186,227 1,957,697
Creditors: Amounts Falling Due Within One Year 7 (396,991 ) (412,026 )
NET CURRENT ASSETS (LIABILITIES) 1,789,236 1,545,671
TOTAL ASSETS LESS CURRENT LIABILITIES 2,105,021 1,806,771
PROVISIONS FOR LIABILITIES
Deferred Taxation (55,277 ) (41,066 )
NET ASSETS 2,049,744 1,765,705
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 2,049,734 1,765,695
SHAREHOLDERS' FUNDS 2,049,744 1,765,705
Page 1
Page 2
For the year ending 31 July 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Nicholls
Director
05/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Carb'n-Off Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07330066 . The registered office is Alton House, Alton Road, Ross-On-Wye, HR9 5BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 4% Straight line
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees during the year was: 30 (2024: 30)
30 30
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2024 181,500 61,049 427,805 127,073
Additions - 1,016 118,560 2,112
Disposals - - (251,670 ) -
As at 31 July 2025 181,500 62,065 294,695 129,185
Depreciation
As at 1 August 2024 79,560 46,993 306,076 119,720
Provided during the period 7,260 3,641 31,847 2,102
Disposals - - (231,323 ) -
As at 31 July 2025 86,820 50,634 106,600 121,822
Net Book Value
As at 31 July 2025 94,680 11,431 188,095 7,363
As at 1 August 2024 101,940 14,056 121,729 7,353
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 August 2024 59,882 857,309
Additions 2,514 124,202
Disposals - (251,670 )
As at 31 July 2025 62,396 729,841
Depreciation
As at 1 August 2024 43,860 596,209
Provided during the period 4,320 49,170
Disposals - (231,323 )
As at 31 July 2025 48,180 414,056
Net Book Value
As at 31 July 2025 14,216 315,785
As at 1 August 2024 16,022 261,100
5. Stocks
2025 2024
£ £
Stock 15,000 25,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 735,911 717,044
Prepayments and accrued income 114,100 86,737
850,011 803,781
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 50,889 51,010
Bank loans and overdrafts - 3,428
Corporation tax 124,772 161,822
PAYE Control 29,116 23,651
VAT 183,162 161,636
Pension Control 8,052 7,394
Accruals 1,000 3,085
396,991 412,026
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
Page 5