ADVANCED EARTH METALS LTD

Company Registration Number:
12687285 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

ADVANCED EARTH METALS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

ADVANCED EARTH METALS LTD

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Called up share capital not paid: 3,000 1,800
Fixed assets
Intangible assets: 3 175,834 136,780
Tangible assets: 4 244,251 164,884
Investments: 5 38,765 25,635
Total fixed assets: 458,850 327,299
Current assets
Stocks: 18,024 10,256
Debtors:   18,878 11,471
Cash at bank and in hand: 955,698 22,908
Investments:   4,000 3,800
Total current assets: 996,600 48,435
Creditors: amounts falling due within one year:   (6,060) (5,689)
Net current assets (liabilities): 990,540 42,746
Total assets less current liabilities: 1,452,390 371,845
Creditors: amounts falling due after more than one year:   (683,689) (101,233)
Provision for liabilities: (21,824) (11,268)
Total net assets (liabilities): 746,877 259,344
Capital and reserves
Called up share capital: 3,500 2,000
Share premium account: 255,844 224,114
Profit and loss account: 487,533 33,230
Shareholders funds: 746,877 259,344

The notes form part of these financial statements

ADVANCED EARTH METALS LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 August 2023
and signed on behalf of the board by:

Name: Mark peat
Status: Director

The notes form part of these financial statements

ADVANCED EARTH METALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ADVANCED EARTH METALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 37 32

ADVANCED EARTH METALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
At 01 July 2022 136,780
Additions 39,054
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2023 175,834
Net book value
At 30 June 2023 175,834
At 30 June 2022 136,780

ADVANCED EARTH METALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 164,884
Additions 79,367
At 30 June 2023 244,251
Net book value
At 30 June 2023 244,251
At 30 June 2022 164,884

ADVANCED EARTH METALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Fixed investments

New investment sourced to compensate for covid disruption and additional costs to increase profitability