Carbide Online Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06438329 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

CARBIDE ONLINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L Witherwick

SECRETARY:

M Witherwick

REGISTERED OFFICE:

57 Kingtree Avenue

Cottingham

East Yorkshire

HU16 4DR

REGISTERED NUMBER:

06438329 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

CURRENT ASSETS

Debtors

4

108

108

CREDITORS

Amounts falling due within one year

5

4,368

4,193

NET CURRENT LIABILITIES

(4,260

)

(4,085

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,260

)

(4,085

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,360

)

(4,185

)

SHAREHOLDERS' FUNDS

(4,260

)

(4,085

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 August 2018 and were signed by:

L Witherwick - Director

1.	STATUTORY INFORMATION

Carbide Online Limited is a private company, limited by shares, registered in England. The company's registered number

and registered office can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going

concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to

events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Computer software has been fully amortised in the current year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

108

108

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

4,368

4,193

Included within creditors is an amount of £3,759 which is due to the director and his associate.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan from the director. The balance outstanding as at 30 November 2017 was £2,254

(2016: £2,254).

The above balance carries no rights to interest and is repayable on demand.

7.	RELATED PARTY DISCLOSURES

Included within creditors falling due within one year is an amount of £1,505 relating to a loan from Mr M Witherwick, who

is a 40% shareholder.

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr L witherwick who owns 60% of the issued shares.