Registration number: 09512473

Carpe Diem Ents Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Carpe Diem Ents Ltd

(Registration number: 09512473)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	3,324	1,570
Current assets
Debtors	6	11,822	5,560
Cash at bank and in hand		2,543	5,545
		14,365	11,105
Creditors: Amounts falling due within one year	7	(15,573)	(8,865)
Net current (liabilities)/assets		(1,208)	2,240
Total assets less current liabilities		2,116	3,810
Creditors: Amounts falling due after more than one year	7	(1,371)	(3,361)
Provisions for liabilities		(632)	(298)
Net assets		113	151
Capital and reserves
Called up share capital		100	100
Retained earnings		13	51
Shareholders' funds		113	151

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

......................................... T O Carpenter Director

Carpe Diem Ents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the year comprises current and deferred tax, and is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Carpe Diem Ents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% on reducing balance
Computer equipment	25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition; it is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation. Goodwill is amortised over its useful life, which has been estimated at five years by the director.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% per annum on cost

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business, and are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Carpe Diem Ents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	10,000	10,000
At 31 March 2025	10,000	10,000
Amortisation
At 1 April 2024	10,000	10,000
At 31 March 2025	10,000	10,000
Net book value
At 31 March 2025	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	10,563	10,563
Additions	2,962	2,962
At 31 March 2025	13,525	13,525
Depreciation
At 1 April 2024	8,993	8,993
Charge for the year	1,208	1,208
At 31 March 2025	10,201	10,201
Net book value
At 31 March 2025	3,324	3,324
At 31 March 2024	1,570	1,570

6

Debtors

	2025 £	2024 £
Trade debtors	8,993	5,560
Other debtors	2,829	-
	11,822	5,560

Carpe Diem Ents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	2,130	2,130
Taxation and social security		8,819	5,112
Accruals and deferred income		1,849	1,598
Other creditors		2,775	25
		15,573	8,865

Amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,371	3,361

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,371	3,361

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,130	2,130

Carpe Diem Ents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	At 31 March 2025 £
T O Carpenter
	-	2,829	2,829
	-	-	-
	-	2,829	2,829

2024	At 1 April 2023 £	Repayments by director £	At 31 March 2024 £
T O Carpenter
	7,964	(7,964)	-
	-	-	-
	7,964	(7,964)	-