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REGISTERED NUMBER: 10292508 (England and Wales)












ALLOTROPE ENERGY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






ALLOTROPE ENERGY LTD (REGISTERED NUMBER: 10292508)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLOTROPE ENERGY LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: Dr P C Wilson
M E Mitchell





SECRETARY: Dr P C Wilson





REGISTERED OFFICE: Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER





REGISTERED NUMBER: 10292508 (England and Wales)





ACCOUNTANTS: HPCA Limited
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER

ALLOTROPE ENERGY LTD (REGISTERED NUMBER: 10292508)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 85,053 16,531

CURRENT ASSETS
Debtors 5 37,204 18,211
Cash at bank 1,274,521 16,071
1,311,725 34,282
CREDITORS
Amounts falling due within one year 6 (39,683 ) (61,450 )
NET CURRENT ASSETS/(LIABILITIES) 1,272,042 (27,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,095

(10,637

)

CAPITAL AND RESERVES
Called up share capital 7 230,028 190,028
Other reserves 8 1,492,475 -
Retained earnings 8 (365,408 ) (200,665 )
SHAREHOLDERS' FUNDS 1,357,095 (10,637 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

ALLOTROPE ENERGY LTD (REGISTERED NUMBER: 10292508)

BALANCE SHEET - continued
31 July 2023


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 30 October 2023 and were signed on its behalf by:





Dr P C Wilson - Director


ALLOTROPE ENERGY LTD (REGISTERED NUMBER: 10292508)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Allotrope Energy Ltd 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.

Going Concern

The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The directors have a reasonable expectation the the company will generate adequate resources to continue in operational existence for the foreseeable future.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ALLOTROPE ENERGY LTD (REGISTERED NUMBER: 10292508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 25,843 5,491 1,849 33,183
Additions 76,864 - - 76,864
At 31 July 2023 102,707 5,491 1,849 110,047
DEPRECIATION
At 1 August 2022 12,845 2,386 1,421 16,652
Charge for year 7,031 1,098 213 8,342
At 31 July 2023 19,876 3,484 1,634 24,994
NET BOOK VALUE
At 31 July 2023 82,831 2,007 215 85,053
At 31 July 2022 12,998 3,105 428 16,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1 19
Tax 17,393 9,009
VAT 5,115 2,809
Prepayments 14,695 6,374
37,204 18,211

ALLOTROPE ENERGY LTD (REGISTERED NUMBER: 10292508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,489 13,845
Social security and other taxes 9,298 9,433
Other creditors 324 7,054
Directors' current accounts 20,072 28,618
Accrued expenses 2,500 2,500
39,683 61,450

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
230,010 Ordinary £1 £1 230,010 190,010
1,809,990 Ordinary £0.00001 £0.00001 18 18
230,028 190,028

Each share is entitled to one vote in any circumstances. Each share is entitled pari passu to dividend payments or any other distribution. arising from a winding up of the company.

8. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 August 2022 (200,665 ) - (200,665 )
Deficit for the year (164,743 ) (164,743 )
Advanced subscription
agreement - 1,492,475 1,492,475
At 31 July 2023 (365,408 ) 1,492,475 1,127,067

9. RELATED PARTY DISCLOSURES

During the year, the loan of £7,000 lent last year by SMM Software Limited was converted into share capital. The company is controlled by M Mitchell who is a director and shareholder of Allotrope Energy Limited.