Carbonite (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04984118 (England and Wales)

CARBONITE (UK) LIMITED

PREVIOUSLY KNOWN AS

DOUBLE-TAKE SOFTWARE LIMITED

Financial Statements

for the period

1 November 2016 to 31 December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

C E Hudson

A A Folger

REGISTERED OFFICE:

Double Take House

Unit 1 Wildwood Triangle

Swinesherd Way

WORCESTER

Worcestershire

WR5 2QX

REGISTERED NUMBER:

04984118 (England and Wales)

AUDITORS:

Haines Watts Birmingham LLP

Sterling House

71 Francis Road

Edgbaston

Birmingham

West Midlands

B16 8SP

FIXED ASSETS

Tangible assets

4

152,685

33,212

CURRENT ASSETS

Debtors

5

867,045

2,658,324

Cash at bank

949,534

100,841

1,816,579

2,759,165

CREDITORS

Amounts falling due within one year

6

399,180

1,443,286

NET CURRENT ASSETS

1,417,399

1,315,879

TOTAL ASSETS LESS CURRENT LIABILITIES

1,570,084

1,349,091

PROVISIONS FOR LIABILITIES

6,002

6,642

NET ASSETS

1,564,082

1,342,449

CAPITAL AND RESERVES

Called up share capital

71,323

71,323

Retained earnings

1,492,759

1,271,126

SHAREHOLDERS' FUNDS

1,564,082

1,342,449

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2018 and were signed on its behalf by:

C E Hudson - Director

1.	STATUTORY INFORMATION

Carbonite (UK) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

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.

Turnover

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

rebates, value added tax and other sales taxes.

The revenue relating to software support maintenance is deferred and recognised equally over the term

of the support contract.

Tangible fixed assets

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

Fixtures and fittings

-

15% straight line

Computer equipment

-

25% straight line

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2016

62,863

51,138

114,001

Additions

-

140,124

140,124

At 31 December 2017

62,863

191,262

254,125

DEPRECIATION

At 1 November 2016

53,806

26,983

80,789

Charge for period

2,267

18,384

20,651

At 31 December 2017

56,073

45,367

101,440

NET BOOK VALUE

At 31 December 2017

6,790

145,895

152,685

At 31 October 2016

9,057

24,155

33,212

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.10.16

£

£

Trade debtors

-

228,950

Bad debt provision

-

(12,104

)

Amounts owed by group undertakings

618,229

2,405,010

Sundry debtors

203,815

1,714

VAT

28,194

-

Prepayments

16,807

34,754

867,045

2,658,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.10.16

£

£

Trade creditors

26,778

20,367

Amounts owed to group undertakings

-

473,892

Tax

25,014

28,737

VAT

-

42,911

Expenses for reimbursement

62,792

-

Deferred income

-

768,985

Accrued expenses

284,596

108,394

399,180

1,443,286

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Hodgetts (Senior Statutory Auditor)

for and on behalf of Haines Watts Birmingham LLP

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE AND IMMEDIATE PARENT COMPANY

On 31 January 2017 the company's intermediate parent company, Double-Take Software Inc., was

acquired by Carbonite Inc., a company also incorporated in the United States of America. On 24

March 2017 the company changed its name from Double-Take Software UK Limited to Carbonite

(UK) Limited.

Carbonite Inc., is now the company's ultimate parent company.

The immediate parent company remains as Carbonite (France) S.A.S. incorporated in France.

Consolidated accounts are obtainable from 4 Place de la Defense, Immeuble PCB1, Bat.A 92800

Puteaux, France.

10.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost

convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective

January 2015) as at 1st November 2015.

Reconciliation of Equity

No transitional adjustments were required

Reconciliation of Profit Or Loss

No transitional adjustments were required