Cartelit Limited 29/06/2019 iXBRL

Cartelit Limited 29/06/2019 iXBRL

CARTELIT LIMITED - Company Information

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4 29/06/2019 2019-06-29 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2018-06-30 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 04239916 2018-06-30 2019-06-29 04239916 2019-06-29 04239916 2018-06-29 04239916 2017-06-30 2018-06-29 04239916 2018-06-29 04239916 core:PlantMachinery 2018-06-30 2019-06-29 04239916 bus:OrdinaryShareClass1 2018-06-30 2019-06-29 04239916 bus:Director1 2018-06-30 2019-06-29 04239916 core:PlantMachinery 2018-06-29 04239916 core:PlantMachinery 2019-06-29 04239916 core:WithinOneYear 2019-06-29 04239916 core:WithinOneYear 2018-06-29 04239916 core:ShareCapital 2019-06-29 04239916 core:ShareCapital 2018-06-29 04239916 core:RetainedEarningsAccumulatedLosses 2019-06-29 04239916 core:RetainedEarningsAccumulatedLosses 2018-06-29 04239916 bus:OrdinaryShareClass1 core:ShareCapital 2019-06-29 04239916 bus:OrdinaryShareClass1 core:ShareCapital 2018-06-29 04239916 core:PlantMachinery 2018-06-29 04239916 bus:Director1 2018-06-29 04239916 bus:Director1 2019-06-29 04239916 bus:Director1 2017-06-29 04239916 bus:Director1 2018-06-29 04239916 bus:Director1 2017-06-30 2018-06-29 04239916 bus:SmallEntities 2018-06-30 2019-06-29 04239916 bus:AuditExempt-NoAccountantsReport 2018-06-30 2019-06-29 04239916 bus:FullAccounts 2018-06-30 2019-06-29 04239916 bus:SmallCompaniesRegimeForAccounts 2018-06-30 2019-06-29 04239916 bus:PrivateLimitedCompanyLtd 2018-06-30 2019-06-29
Company registration number: 04239916
Cartelit Limited
Unaudited filleted financial statements
29 June 2019
Cartelit Limited
Contents
Statement of financial position
Notes to the financial statements
Cartelit Limited
Statement of financial position
29 June 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 5 9,189 3,612
_______ _______
9,189 3,612
Current assets
Debtors 6 38,000 38,514
_______ _______
38,000 38,514
Creditors: amounts falling due
within one year 7 ( 45,565) ( 37,197)
_______ _______
Net current (liabilities)/assets ( 7,565) 1,317
_______ _______
Total assets less current liabilities 1,624 4,929
_______ _______
Net assets 1,624 4,929
_______ _______
Capital and reserves
Called up share capital 8 1,000 1,000
Profit and loss account 624 3,929
_______ _______
Shareholder funds 1,624 4,929
_______ _______
For the year ending 29 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 June 2020 , and are signed on behalf of the board by:
Prabhu Vadamalaiyan
Director
Company registration number: 04239916
Cartelit Limited
Notes to the financial statements
Year ended 29 June 2019
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Regus House, 268 Bath Road, Slough, Berkshire, SL1 4DX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2018: 3 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 30 June 2018 21,209 21,209
Additions 9,077 9,077
Disposals ( 4,734) ( 4,734)
_______ _______
At 29 June 2019 25,552 25,552
_______ _______
Depreciation
At 30 June 2018 17,597 17,597
Charge for the year 3,064 3,064
Disposals ( 4,298) ( 4,298)
_______ _______
At 29 June 2019 16,363 16,363
_______ _______
Carrying amount
At 29 June 2019 9,189 9,189
_______ _______
At 29 June 2018 3,612 3,612
_______ _______
6. Debtors
2019 2018
£ £
Trade debtors 13,305 12,797
Other debtors 24,695 25,717
_______ _______
38,000 38,514
_______ _______
7. Creditors: amounts falling due within one year
2019 2018
£ £
Bank loans and overdrafts 19,092 18,549
Corporation tax 10,502 14,085
Social security and other taxes 8,903 1,823
Other creditors 7,068 2,740
_______ _______
45,565 37,197
_______ _______
8. Called up share capital
Issued, called up and fully paid
2019 2018
No £ No £
Ordinay shares of £ 1.00 each 1,000 1,000 1,000 1,000
_______ _______ _______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Prabhu Vadamalaiyan 24,865 ( 1,022) 23,843
_______ _______ _______
2018
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Prabhu Vadamalaiyan 19,177 5,688 24,865
_______ _______ _______