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REGISTERED NUMBER: NI050833 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

LOW CARBON SOLUTIONS LIMITED

LOW CARBON SOLUTIONS LIMITED (REGISTERED NUMBER: NI050833)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOW CARBON SOLUTIONS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr S Lyle
Mr A Frise





SECRETARY: Mr S Lyle





REGISTERED OFFICE: 85 Ballyrickard Road
Larne
Co. Antrim
BT40 3NG





REGISTERED NUMBER: NI050833 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

LOW CARBON SOLUTIONS LIMITED (REGISTERED NUMBER: NI050833)

Balance Sheet
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 657,743 455,557

CURRENT ASSETS
Stocks 115,376 114,312
Debtors 5 212,626 232,145
Cash at bank and in hand 505,708 620,974
833,710 967,431
CREDITORS
Amounts falling due within one year 6 178,689 197,458
NET CURRENT ASSETS 655,021 769,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,312,764

1,225,530

CREDITORS
Amounts falling due after more than one
year

7

(100,883

)

(74,978

)

PROVISIONS FOR LIABILITIES (24,618 ) (37,354 )
NET ASSETS 1,187,263 1,113,198

CAPITAL AND RESERVES
Called up share capital 68 68
Capital redemption reserve 34 34
Retained earnings 1,187,161 1,113,096
1,187,263 1,113,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

LOW CARBON SOLUTIONS LIMITED (REGISTERED NUMBER: NI050833)

Balance Sheet - continued
30 JUNE 2024


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 28 November 2024 and were signed on its behalf by:





Mr S Lyle - Director


LOW CARBON SOLUTIONS LIMITED (REGISTERED NUMBER: NI050833)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Low Carbon Solutions Limited is a private company, limited by shares , registered in Northern Ireland. 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 - 2% on cost
Plant and machinery etc - 25% on cost, 25% on reducing balance and at varying rates on cost

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

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.

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.

LOW CARBON SOLUTIONS LIMITED (REGISTERED NUMBER: NI050833)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 326,977 966,192 1,293,169
Additions 272,238 720 272,958
Disposals - (17,501 ) (17,501 )
At 30 June 2024 599,215 949,411 1,548,626
DEPRECIATION
At 1 July 2023 58,521 779,091 837,612
Charge for year 12,520 53,061 65,581
Eliminated on disposal - (12,310 ) (12,310 )
At 30 June 2024 71,041 819,842 890,883
NET BOOK VALUE
At 30 June 2024 528,174 129,569 657,743
At 30 June 2023 268,456 187,101 455,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 196,648 217,832
Other debtors 15,978 14,313
212,626 232,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts - 16,874
Hire purchase contracts 6,799 13,088
Trade creditors 42,148 34,051
Taxation and social security 69,172 75,536
Other creditors 60,570 57,909
178,689 197,458

LOW CARBON SOLUTIONS LIMITED (REGISTERED NUMBER: NI050833)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans 100,883 68,446
Hire purchase contracts - 6,532
100,883 74,978