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REGISTERED NUMBER: 07477986 (England and Wales)















Clean Diesel Technologies Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Clean Diesel Technologies Limited (Registered number: 07477986)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clean Diesel Technologies Limited

Company Information
for the year ended 31 December 2023







Director: M Beale





Secretary: Broughton Secretaries Limited





Registered office: 54 Portland Place
London
W1B 1DY





Registered number: 07477986 (England and Wales)

Clean Diesel Technologies Limited (Registered number: 07477986)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 28,287 -

Current assets
Stocks 5 65,856 77,596
Debtors 6 1,936,457 1,701,391
Cash in hand 293,673 250,579
2,295,986 2,029,566
Creditors
Amounts falling due within one year 7 87,429 41,594
Net current assets 2,208,557 1,987,972
Total assets less current liabilities 2,236,844 1,987,972

Capital and reserves
Called up share capital 8 1 1
Retained earnings 2,236,843 1,987,971
Shareholders' funds 2,236,844 1,987,972

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

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

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 19 September 2024 and were signed by:





M Beale - Director


Clean Diesel Technologies Limited (Registered number: 07477986)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Clean Diesel Technologies 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Critical judgements in applying the company's accounting policies

The critical judgement that the directors have made in the process of applying the company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

(i) Measurement of stock
Significant judgements relate to the carrying value of stock. In accordance with FRS 102 stock is measured at the lower of cost and net realisable value. The director is responsible for valuation of stock.

Turnover
Turnover represents amounts receivable for goods provided in the year and is stated net of VAT. Turnover is recognised when goods have been delivered to a customer such that risks and rewards of ownership have been transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Clean Diesel Technologies Limited (Registered number: 07477986)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will have sufficient funds available to enable it to continue to trade for the foreseeable future.

The company has made a trading profit in the year, before foreign exchange adjustments to its parent company loan.

The company has made a profit in the period of £248,872 and has net assets of £2,208,557. Whilst the company has been profitable and now is in a net asset position, the director acknowledges that the company is dependent upon the continuing support of its parent and have considered the uncertainty around the ability of that company to continue to provide that support. The Director does not expect the parent company to withdraw support or request for loan repayment within the 12 months.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction. Any losses arising from impairment are recognised in the profit and loss account.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
Additions 31,682
At 31 December 2023 31,682
Depreciation
Charge for year 3,395
At 31 December 2023 3,395
Net book value
At 31 December 2023 28,287

5. Stocks
2023 2022
£ £
Finished goods 65,856 77,596

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 250,094 168,658
Amounts owed by group undertakings 1,679,859 1,506,533
Other debtors 6,504 26,200
1,936,457 1,701,391

Clean Diesel Technologies Limited (Registered number: 07477986)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 57,460 32,574
Taxation and social security 29,969 9,020
87,429 41,594

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary shares of £1 each 1 1 1

9. Ultimate controlling party

The company is controlled by CDTI Advanced Materials Inc, a company incorporated in the state of Delaware, United States of America and is the company's ultimate and immediate parent company. Copies of the group accounts can be obtained from the Secretary at CDTI Advanced Materials, Inc., 1641 Fiske Place, Oxnard, California, 93033, USA.