Carbon Vehicle Management Limited - Accounts to registrar - small 16.1.1
Carbon Vehicle Management Limited - Accounts to registrar - small 16.1.1
| Carbon Vehicle Management Limited |
| Financial Statements for the Year Ended 30 April 2016 |
| Carbon Vehicle Management Limited |
| Company Information |
| for the Year Ended 30 April 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Radnor House |
| Greenwood Close |
| Cardiff Gate Business Park |
| Cardiff |
| CF23 8AA |
| BANKERS: |
| Cardiff Business Centre |
| 121 Queen Street |
| Cardiff |
| CF1 4XU |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Carbon Vehicle Management Limited |
| The following reproduces the text of the report prepared for the directors and members in respect of |
| the company's annual unaudited financial statements. In accordance with the Companies Act 2006, |
| the company is only required to file a Balance Sheet. Readers are cautioned that the Income |
| Statement and certain other primary statements and the Report of the Directors are not required to |
| be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
| approval the financial statements of Carbon Vehicle Management Limited for the year ended 30 April 2016 |
| which comprise the Income statement, Balance Sheet and the related notes from the company's accounting |
| records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Carbon Vehicle Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carbon Vehicle Management Limited and state those matters that we have agreed to state to the Board of Directors of Carbon Vehicle Management Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Carbon Vehicle Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Carbon Vehicle Management Limited. You consider that Carbon Vehicle Management Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Carbon Vehicle Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Carbon Vehicle Management Limited (Registered number: 07441691) |
| Balance Sheet |
| 30 April 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors: amounts falling due within one year |
3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| Carbon Vehicle Management Limited (Registered number: 07441691) |
| Balance Sheet - continued |
| 30 April 2016 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| Carbon Vehicle Management Limited (Registered number: 07441691) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the net invoiced sales of vehicles and operating lease rentals, excluding value |
| added tax. |
| Tangible fixed assets |
| Motor vehicles | - |
| Office Equipment | - |
| In the case of Motor vehicles, an adjustment is made to allow for estimated residual values. |
| Deferred tax |
| Full provision is made for deferred taxation resulting from material timing differences between the |
| recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred |
| taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the |
| periods when the timing differences will reverse. |
| Carbon Vehicle Management Limited (Registered number: 07441691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Motor | Office |
| vehicles | Equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2015 |
| Disposals | ( |
) | ( |
) |
| At 30 April 2016 |
| DEPRECIATION |
| At 1 May 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors | - | 10,955 |
| Prepayments and accrued income |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Directors' loan accounts | 5,043 | 5,043 |
| Accrued expenses |
| Carbon Vehicle Management Limited (Registered number: 07441691) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2016 |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 79,164 | 432,494 |