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Company Registration No. 12778568 (England and Wales)
CO2 Controls Ltd Unaudited accounts for the year ended 31 July 2024
CO2 Controls Ltd Unaudited accounts Contents
Page
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CO2 Controls Ltd Company Information for the year ended 31 July 2024
Directors
Craig Johnston Kerry Johnston Jack Neil Ruth Neil
Company Number
12778568 (England and Wales)
Registered Office
107-111 Fleet Street London EC4A 2AB
Accountants
JP Accountancy Services (Sussex) Limited 5 Fairfield Way Ashington Pulborough West Sussex RH20 3LA
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CO2 Controls Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,964 
92,550 
Current assets
Debtors
674,460 
338,882 
Cash at bank and in hand
70,273 
266,813 
744,733 
605,695 
Creditors: amounts falling due within one year
(334,015)
(316,860)
Net current assets
410,718 
288,835 
Total assets less current liabilities
474,682 
381,385 
Creditors: amounts falling due after more than one year
(74,850)
(90,438)
Provisions for liabilities
Deferred tax
(10,473)
(12,470)
Net assets
389,359 
278,477 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
389,355 
278,473 
Shareholders' funds
389,359 
278,477 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Kerry Johnston Director Company Registration No. 12778568
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CO2 Controls Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
CO2 Controls Ltd is a private company, limited by shares, registered in England and Wales, registration number 12778568. The registered office is 107-111 Fleet Street, London, EC4A 2AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
Straight line over 3 years
Computer equipment
Straight line over 3 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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CO2 Controls Ltd Notes to the Accounts for the year ended 31 July 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
4,118 
98,443 
5,747 
108,308 
Additions
1,014 
- 
7,085 
8,099 
At 31 July 2024
5,132 
98,443 
12,832 
116,407 
Depreciation
At 1 August 2023
1,904 
10,938 
2,916 
15,758 
Charge for the year
1,283 
32,814 
2,588 
36,685 
At 31 July 2024
3,187 
43,752 
5,504 
52,443 
Net book value
At 31 July 2024
1,945 
54,691 
7,328 
63,964 
At 31 July 2023
2,214 
87,505 
2,831 
92,550 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
41,780 
27,326 
Trade debtors
447,703 
245,000 
Accrued income and prepayments
174,948 
59,510 
Other debtors
10,029 
7,046 
674,460 
338,882 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
15,588 
15,588 
Trade creditors
180,762 
143,176 
Taxes and social security
117,801 
151,882 
Other creditors
2,982 
459 
Loans from directors
445 
546 
Accruals
16,437 
5,209 
334,015 
316,860 
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CO2 Controls Ltd Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
74,850 
90,438 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
10,473 
12,470 
2024 
2023 
£ 
£ 
Provision at start of year
12,470 
12,319 
(Credited)/charged to the profit and loss account
(1,997)
151 
Provision at end of year
10,473 
12,470 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
29,970 
25,994 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jack Neil
Funds advanced to director
2,046 
49 
2,046 
49 
2,046 
49 
2,046 
49 
11
Transactions with related parties
During the year, the company loaned funds of £nil (2023: £5,000) to CO2 Controls Service Ltd, a company controlled by directors, Jack Neil and Craig Johnston. This loan is interest free and repayable on demand. At the balance sheet date, the amount due to the company was £5,000 (2023: £5,000). During the year, the company accrued fees of £68,508 (2023: £nil) to CO2 Controls Service Ltd for labour costs. At the balance sheet date, the company owed £nil (2023: £nil) to the related company.
12
Average number of employees
During the year the average number of employees was 10 (2023: 8).
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