Carbonomics Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03753779 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Carbonomics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

Intangible assets

4

-

-

Tangible assets

5

2,532,579

2,607,790

2,532,579

2,607,790

CURRENT ASSETS

Stocks

170,194

164,993

Debtors

6

3,592,175

3,134,552

Cash at bank

2,249,656

2,074,394

6,012,025

5,373,939

CREDITORS

Amounts falling due within one year

7

642,577

952,807

NET CURRENT ASSETS

5,369,448

4,421,132

TOTAL ASSETS LESS CURRENT LIABILITIES

7,902,027

7,028,922

PROVISIONS FOR LIABILITIES

19,512

19,512

NET ASSETS

7,882,515

7,009,410

CAPITAL AND RESERVES

Called up share capital

70

70

Retained earnings

7,882,445

7,009,340

SHAREHOLDERS' FUNDS

7,882,515

7,009,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 30 January 2024 and were signed by:

A P Holmes - Director

1.	STATUTORY INFORMATION

Carbonomics 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation. Intangible assets are expected to have a useful economic life of four years.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2022

and 30 April 2023

839,280

AMORTISATION

At 1 May 2022

and 30 April 2023

839,280

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

The intangible assets refer to the cost of securing an exclusive territorial sales agreement in the USA for the supply of products made and supplied by the company. At the balance sheet date, this company is insolvent and as a a consequence the cost of the investment has been written off in full.

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2022

1,049,000

3,654,214

4,703,214

Additions

-

357,390

357,390

Disposals

-

(478,195

)

(478,195

)

At 30 April 2023

1,049,000

3,533,409

4,582,409

DEPRECIATION

At 1 May 2022

-

2,095,424

2,095,424

Charge for year

-

279,471

279,471

Eliminated on disposal

-

(325,065

)

(325,065

)

At 30 April 2023

-

2,049,830

2,049,830

NET BOOK VALUE

At 30 April 2023

1,049,000

1,483,579

2,532,579

At 30 April 2022

1,049,000

1,558,790

2,607,790

The freehold premises were professionally valued by Mark Jenkinson & Son on 12 June 2013.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

1,439,891

1,397,511

Other debtors

2,152,284

1,737,041

3,592,175

3,134,552

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

314,471

856,927

Taxation and social security

272,984

74,577

Other creditors

55,122

21,303

642,577

952,807

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

A P Holmes

Balance outstanding at start of year

-

-

Amounts advanced

496,725

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

496,725

-

The loan made to the director was repaid in full on 18th January 2024.