Company Registration No. 04944317 (England and Wales)
Carosa Limited
Unaudited accounts
for the year ended 31 March 2019
Carosa Limited
Unaudited accounts
Contents
Carosa Limited
Company Information
for the year ended 31 March 2019
Director
Daniel Richard Smith
Company Number
04944317 (England and Wales)
Registered Office
24 CANNON STREET
WISBECH
CAMBRIDGESHIRE
PE13 2QW
UNITED KINGDOM
Carosa Limited
Statement of financial position
as at 31 March 2019
Intangible assets
15,000
15,000
Tangible assets
808,223
606,772
Cash at bank and in hand
193,031
102,191
Creditors: amounts falling due within one year
(383,382)
(191,200)
Net current liabilities
(39,308)
(7,590)
Total assets less current liabilities
783,915
614,182
Creditors: amounts falling due after more than one year
(425,434)
(242,330)
Net assets
358,481
371,852
Called up share capital
10
10
Profit and loss account
358,471
371,842
Shareholders' funds
358,481
371,852
For the year ending 31 March 2019 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.
Approved by the Board on 31 December 2019.
Daniel Richard Smith
Director
Company Registration No. 04944317
Carosa Limited
Notes to the Accounts
for the year ended 31 March 2019
Carosa Limited is a private company, limited by shares, registered in England and Wales, registration number 04944317. The registered office is 24 CANNON STREET, WISBECH, CAMBRIDGESHIRE, PE13 2QW, UNITED KINGDOM.
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.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Carosa Limited
Notes to the Accounts
for the year ended 31 March 2019
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
145,440
74,946
1,133,275
1,353,661
Additions
-
39,590
374,365
413,955
Disposals
-
-
(17,500)
(17,500)
At 31 March 2019
145,440
114,536
1,490,140
1,750,116
At 1 April 2018
-
42,495
704,394
746,889
Charge for the year
-
10,806
200,522
211,328
On disposals
-
-
(16,324)
(16,324)
At 31 March 2019
-
53,301
888,592
941,893
At 31 March 2019
145,440
61,235
601,548
808,223
At 31 March 2018
145,440
32,451
428,881
606,772
Trade debtors
72,146
68,887
Other debtors
78,897
12,532
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
100,000
-
Obligations under finance leases and hire purchase contracts
190,917
98,421
Trade creditors
47,685
29,280
Taxes and social security
7,189
5,915
Loans from directors
35,493
55,486
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
425,434
242,330
9
Average number of employees
During the year the average number of employees was 2 (2018: 16).
