Carpathian Services Limited - Period Ending 2023-03-31

Carpathian Services Limited

(Registration number: 06462258)

Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Current assets
Debtors	4	-	7,071
Cash at bank and in hand		117,248	131,374
		117,248	138,445
Creditors: Amounts falling due within one year	5	(1,514)	(18,916)
Net assets		115,734	119,529
Capital and reserves
Called up share capital		2	2
Profit and loss account		115,732	119,527
Shareholders' funds		115,734	119,529

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 18 December 2023
 

.........................................

C Tucker
Director

Carpathian Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	Accounting policies

Carpathian Services Limited is a private company, limited by shares, domiciled in England and Wales, company number 06462258. The registered office is at 32 The Ryde , Hatfield, AL9 5DL.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the continue to adopt the going concern basis in preparing annual report and accounts.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 in the countries where the company operates and generates taxable income.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line

Carpathian Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of income and retained earnings.
 
 

Carpathian Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3	Tangible assets

	Fixtures and fittings £	Total £
Cost
At 1 April 2022	9,572	9,572
At 31 March 2023	9,572	9,572
Depreciation
At 1 April 2022	9,572	9,572
At 31 March 2023	9,572	9,572
Carrying amount
At 31 March 2023	-	-

4

Debtors

	2023 £	2022 £
Other debtors	-	7,071
	-	7,071

5

Creditors

Creditors: amounts falling due after more than one year

	2023 £	2022 £
Taxation and social security	-	6,793
Accruals and deferred income	834	1,080
Corporation tax control	670	11,036
Directors current account	10	7
	1,514	18,916