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CO2 YOU LIMITED

Registered Number
13008341
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

CO2 YOU LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

O'DONOVAN, Marcus Hugh

Company Secretary

COLE, Hannah

Registered Address

124 City Road
London
EC1V 2NX

Registered Number

13008341 (England and Wales)
CO2 YOU LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets372,42442,592
72,42442,592
Current assets
Stocks333,353347,429
Debtors476,52415,121
Cash at bank and on hand21,95972,223
431,836434,773
Creditors amounts falling due within one year5(276,308)(189,648)
Net current assets (liabilities)155,528245,125
Total assets less current liabilities227,952287,717
Creditors amounts falling due after one year6(51,562)(37,760)
Net assets176,390249,957
Capital and reserves
Called up share capital1111
Share premium299,999199,999
Profit and loss account(123,620)49,947
Shareholders' funds176,390249,957
The financial statements were approved and authorised for issue by the Director on 30 August 2024, and are signed on its behalf by:
O'DONOVAN, Marcus Hugh
Director
Registered Company No. 13008341
CO2 YOU LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery10
Fixtures and fittings10
Office Equipment4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2243,703
Additions37,506
At 30 November 2377,217
Depreciation and impairment
At 01 December 221,112
Charge for year7,673
At 30 November 234,793
Net book value
At 30 November 2372,424
At 30 November 2242,592
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables20,24315,121
Other debtors56,281-
Total76,52415,121
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables207,270176,473
Bank borrowings and overdrafts47,65911,398
Taxation and social security21,3791,777
Total276,308189,648
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts51,56237,760
Total51,56237,760
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
O'DONOVAN, Marcus Hugh(11,398)83,47045,00027,072
(11,398)83,47045,00027,072
At the financial year end, the amount overdrawn by Mr Marcus Donavan was £27.072. This amount was repaid within 9 months of the financial year end.