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REGISTERED NUMBER: 08345925 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Carbonxgen Ltd

Carbonxgen Ltd (Registered number: 08345925)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carbonxgen Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A F Bowden
Ms M Kendall-Reid
Ms T J Lewis
Ms C Wyatt





REGISTERED OFFICE: 4 Lakeside Business Park
Swan lane
Sandhurst
Berkshire
GU47 9DN





REGISTERED NUMBER: 08345925 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Carbonxgen Ltd (Registered number: 08345925)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,158,364 2,937,514

CURRENT ASSETS
Debtors 5 4,234,443 3,639,694
Cash at bank 1,616,479 1,446,840
5,850,922 5,086,534
CREDITORS
Amounts falling due within one year 6 1,170,465 1,080,114
NET CURRENT ASSETS 4,680,457 4,006,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,838,821

6,943,934

CREDITORS
Amounts falling due after more than
one year

7

(386,474

)

(305,874

)

PROVISIONS FOR LIABILITIES (14,866 ) (14,866 )
NET ASSETS 7,437,481 6,623,194

Carbonxgen Ltd (Registered number: 08345925)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,437,381 6,623,094
7,437,481 6,623,194

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 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.

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 19 September 2024 and were signed on its behalf by:





Ms T J Lewis - Director


Carbonxgen Ltd (Registered number: 08345925)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Carbonxgen 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.

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.
Land and buildings - not provided
Plant and machinery etc - 25% 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.

Carbonxgen Ltd (Registered number: 08345925)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 year was 58 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,672,170 524,642 3,196,812
Additions 320,962 142,146 463,108
Disposals (42,339 ) (95,929 ) (138,268 )
At 31 December 2023 2,950,793 570,859 3,521,652
DEPRECIATION
At 1 January 2023 - 259,298 259,298
Charge for year - 121,977 121,977
Eliminated on disposal - (17,987 ) (17,987 )
At 31 December 2023 - 363,288 363,288
NET BOOK VALUE
At 31 December 2023 2,950,793 207,571 3,158,364
At 31 December 2022 2,672,170 265,344 2,937,514

Carbonxgen Ltd (Registered number: 08345925)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,295,244 1,692,816
Other debtors 1,939,199 1,946,878
4,234,443 3,639,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 60,036 50,000
Hire purchase contracts - 47,580
Trade creditors 343,451 332,857
Taxation and social security 913,344 649,677
Other creditors (146,366 ) -
1,170,465 1,080,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 64,964 137,500
Hire purchase contracts - 22,857
Other creditors 321,510 145,517
386,474 305,874