IRIS Accounts Production v23.3.1.45 06960756 director 1.2.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure069607562022-01-31069607562023-07-31069607562022-02-012023-07-31069607562021-01-31069607562021-02-012022-01-31069607562022-01-3106960756ns15:PoundSterling2022-02-012023-07-3106960756ns11:Director12022-02-012023-07-3106960756ns11:PrivateLimitedCompanyLtd2022-02-012023-07-3106960756ns11:SmallEntities2022-02-012023-07-3106960756ns11:AuditExempt-NoAccountantsReport2022-02-012023-07-3106960756ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-07-3106960756ns11:SmallCompaniesRegimeForAccounts2022-02-012023-07-3106960756ns11:FullAccounts2022-02-012023-07-3106960756ns11:RegisteredOffice2022-02-012023-07-3106960756ns6:CurrentFinancialInstruments2023-07-3106960756ns6:CurrentFinancialInstruments2022-01-3106960756ns6:Non-currentFinancialInstruments2023-07-3106960756ns6:Non-currentFinancialInstruments2022-01-3106960756ns6:ShareCapital2023-07-3106960756ns6:ShareCapital2022-01-3106960756ns6:RetainedEarningsAccumulatedLosses2023-07-3106960756ns6:RetainedEarningsAccumulatedLosses2022-01-3106960756ns6:PlantMachinery2022-01-3106960756ns6:PlantMachinery2022-02-012023-07-3106960756ns6:PlantMachinery2023-07-3106960756ns6:PlantMachinery2022-01-3106960756ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-3106960756ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-31
REGISTERED NUMBER: 06960756










Unaudited Financial Statements

for the Period 1 February 2022 to 31 July 2023

for

Low Carbon Technology Limited

Low Carbon Technology Limited (Registered number: 06960756)






Contents of the Financial Statements
for the Period 1 February 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Low Carbon Technology Limited

Company Information
for the Period 1 February 2022 to 31 July 2023







DIRECTOR: K Selvester





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS13 1AN





REGISTERED NUMBER: 06960756





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Low Carbon Technology Limited (Registered number: 06960756)

Balance Sheet
31 July 2023

31.7.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,693 132,238

CURRENT ASSETS
Debtors 5 982,553 419,426
Cash at bank 472,207 650,757
1,454,760 1,070,183
CREDITORS
Amounts falling due within one year 6 1,260,622 690,018
NET CURRENT ASSETS 194,138 380,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,831

512,403

CREDITORS
Amounts falling due after more than one
year

7

(73,629

)

(205,366

)

PROVISIONS FOR LIABILITIES (21,792 ) (25,125 )
NET ASSETS 213,410 281,912

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 213,408 281,910
213,410 281,912

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

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

Low Carbon Technology Limited (Registered number: 06960756)

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 director and authorised for issue on 11 March 2024 and were signed by:





K Selvester - Director


Low Carbon Technology Limited (Registered number: 06960756)

Notes to the Financial Statements
for the Period 1 February 2022 to 31 July 2023

1. STATUTORY INFORMATION

Low Carbon Technology Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

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.

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 period was 8 (2022 - 5 ) .

Low Carbon Technology Limited (Registered number: 06960756)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 173,397
Additions 15,753
At 31 July 2023 189,150
DEPRECIATION
At 1 February 2022 41,159
Charge for period 33,298
At 31 July 2023 74,457
NET BOOK VALUE
At 31 July 2023 114,693
At 31 January 2022 132,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.1.22
£    £   
Trade debtors 982,553 393,246
Other debtors - 26,180
982,553 419,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.1.22
£    £   
Bank loans and overdrafts 156,533 88,790
Hire purchase contracts 84,351 14,210
Trade creditors 908,968 314,118
Taxation and social security 109,071 33,144
Other creditors 1,699 239,756
1,260,622 690,018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.1.22
£    £   
Bank loans 73,629 113,548
Hire purchase contracts - 91,818
73,629 205,366