Carbonomics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03753779 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Carbonomics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A P Holmes

SECRETARY:

M Coatsworth

REGISTERED OFFICE:

Lynx House

Mansfield Road

Sheffield

South Yorkshire

S26 2BS

REGISTERED NUMBER:

03753779 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,895,930

1,897,410

CURRENT ASSETS

Stocks

96,192

89,413

Debtors

673,640

565,760

Cash at bank

948,913

545,624

1,718,745

1,200,797

CREDITORS

Amounts falling due within one year

439,680

417,389

NET CURRENT ASSETS

1,279,065

783,408

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,174,995

2,680,818

PROVISIONS FOR LIABILITIES

123,462

-

NET ASSETS

3,051,533

2,680,818

CAPITAL AND RESERVES

Called up share capital

3

70

Profit and loss account

3,051,463

2,680,748

SHAREHOLDERS' FUNDS

3,051,533

2,680,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 June 2016 and were signed by:

A P Holmes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 May 2015

2,852,427

Additions

178,184

Disposals

(36,240

)

At 30 April 2016

2,994,371

DEPRECIATION

At 1 May 2015

955,017

Charge for year

153,251

Eliminated on disposal

(9,827

)

At 30 April 2016

1,098,441

NET BOOK VALUE

At 30 April 2016

1,895,930

At 30 April 2015

1,897,410

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

70

Ordinary

£1

70