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Registered number: 07107019
Carbon Fabrications (Leicester) Limited
Financial Statements
For The Year Ended 31 December 2024
Clear Path Accountancy
Dormer House
44 Town Green Street
Rothley
Leicestershire
LE7 7NU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07107019
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 197,304 132,682
197,304 132,682
CURRENT ASSETS
Stocks 5 142,245 -
Debtors 6 151,709 260,635
Cash at bank and in hand 7,683 39,732
301,637 300,367
Creditors: Amounts Falling Due Within One Year 7 (232,603 ) (175,973 )
NET CURRENT ASSETS (LIABILITIES) 69,034 124,394
TOTAL ASSETS LESS CURRENT LIABILITIES 266,338 257,076
Creditors: Amounts Falling Due After More Than One Year 8 (102,130 ) (82,875 )
NET ASSETS 164,208 174,201
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 164,108 174,101
SHAREHOLDERS' FUNDS 164,208 174,201
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Jason Inserra
Director
5 September 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
Carbon Fabrications (Leicester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07107019 . The registered office is Unit 1, Brook Street, Syston, Leicestershire, LE7 1GD.
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% 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. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:  4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 87,816 101,659 6,411 195,886
Additions 104,426 - 1,742 106,168
As at 31 December 2024 192,242 101,659 8,153 302,054
Depreciation
As at 1 January 2024 16,662 44,476 2,066 63,204
Provided during the period 26,337 14,296 913 41,546
As at 31 December 2024 42,999 58,772 2,979 104,750
Net Book Value
As at 31 December 2024 149,243 42,887 5,174 197,304
As at 1 January 2024 71,154 57,183 4,345 132,682
5. Stocks
2024 2023
£ £
Work in progress 142,245 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,618 232,888
Prepayments and accrued income 4,673 7,903
Other debtors 61,048 4,441
VAT 29,370 15,403
151,709 260,635
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 138,450 101,855
Bank loans and overdrafts 9,531 9,531
Other loans 38,781 23,985
Corporation tax 32,421 26,199
Other taxes and social security 9,917 10,414
Other creditors 3,489 1,851
Director's loan account 14 2,138
232,603 175,973
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,463 12,797
Other loans 97,667 70,078
102,130 82,875
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5