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REGISTERED NUMBER: 08451494 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Low Carbon Europe Limited

Low Carbon Europe Limited (Registered number: 08451494)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Low Carbon Europe Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: D A Bailey
D A Jones





REGISTERED OFFICE: 12a Marlborough Place
Brighton
East Sussex
BN1 1WN





REGISTERED NUMBER: 08451494 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

Low Carbon Europe Limited (Registered number: 08451494)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,791 6,808

CURRENT ASSETS
Debtors 5 268,432 179,219
Cash at bank 372,639 379,928
641,071 559,147
CREDITORS
Amounts falling due within one year 6 463,163 396,220
NET CURRENT ASSETS 177,908 162,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,699

169,735

CREDITORS
Amounts falling due after more than
one year

7

-

50,000
NET ASSETS 187,699 119,735

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 10 187,598 119,634
SHAREHOLDERS' FUNDS 187,699 119,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Low Carbon Europe Limited (Registered number: 08451494)

Balance Sheet - continued
31 March 2022


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 Board of Directors and authorised for issue on 23 August 2022 and were signed on its behalf by:




D A Jones - Director



D A Bailey - Director


Low Carbon Europe Limited (Registered number: 08451494)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Low Carbon Europe 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 8 ) .

Low Carbon Europe Limited (Registered number: 08451494)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery Equipment equipment Totals
£    £    £    £   
COST
At 1 April 2021 3,075 3,153 12,468 18,696
Additions - 3,205 4,729 7,934
At 31 March 2022 3,075 6,358 17,197 26,630
DEPRECIATION
At 1 April 2021 769 1,380 9,739 11,888
Charge for year 576 1,244 3,131 4,951
At 31 March 2022 1,345 2,624 12,870 16,839
NET BOOK VALUE
At 31 March 2022 1,730 3,734 4,327 9,791
At 31 March 2021 2,306 1,773 2,729 6,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 265,090 175,969
Other debtors 3,342 3,250
268,432 179,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 82,835 36,304
Social security and other taxes 15,141 10,174
VAT 85,904 92,493
HSBC Commercial Card 3,845 1,022
Directors' loan accounts 1,109 1,109
Accrued expenses 274,329 255,118
463,163 396,220

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans (see note 8) - 50,000

Low Carbon Europe Limited (Registered number: 08451494)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. LOANS

An analysis of the maturity of loans is given below:

31.3.22 31.3.21
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 50,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
30 A Ordinary £1 30 30
70 C Ordinary £1 70 70
100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2021 119,634
Profit for the year 146,009
Dividends (78,045 )
At 31 March 2022 187,598

11. RELATED PARTY DISCLOSURES

Included in the financial statements are the following significant transactions and balances with related parties:

Green & Kassab Ltd, a wholly-owned subsidiary of Low Carbon Europe Limited's majority shareholder, Soutenu Ltd:

31.3.22 31.3.21
£    £   
Other operating income - 36,000

Sturdee Property Investment Ltd, a company controlled by the director and shareholder, Mr D A Jones:
31.3.22 31.3.21
£    £   
Administrative expenses 82,705 -