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REGISTERED NUMBER: 03753779 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Carbonomics Limited

Carbonomics Limited (Registered number: 03753779)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carbonomics Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: A P Holmes





REGISTERED OFFICE: Lynx House
Mansfield Road
Sheffield
South Yorkshire
S26 2BS





REGISTERED NUMBER: 03753779 (England and Wales)

Carbonomics Limited (Registered number: 03753779)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,250 -
Tangible assets 5 2,461,112 2,532,579
2,478,362 2,532,579

CURRENT ASSETS
Stocks 158,584 170,194
Debtors 6 1,409,721 3,592,175
Cash at bank 1,267,189 2,249,656
2,835,494 6,012,025
CREDITORS
Amounts falling due within one year 7 632,012 642,577
NET CURRENT ASSETS 2,203,482 5,369,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,681,844

7,902,027

PROVISIONS FOR LIABILITIES 19,512 19,512
NET ASSETS 4,662,332 7,882,515

CAPITAL AND RESERVES
Called up share capital 56 70
Retained earnings 4,662,276 7,882,445
SHAREHOLDERS' FUNDS 9 4,662,332 7,882,515

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

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

Carbonomics Limited (Registered number: 03753779)

Balance Sheet - continued
30 April 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 director and authorised for issue on 7 August 2024 and were signed by:





A P Holmes - Director


Carbonomics Limited (Registered number: 03753779)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Carbonomics 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation. Intangible assets are expected to have a useful economic life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023 - 839,280 839,280
Additions 23,000 - 23,000
At 30 April 2024 23,000 839,280 862,280
AMORTISATION
At 1 May 2023 - 839,280 839,280
Charge for year 5,750 - 5,750
At 30 April 2024 5,750 839,280 845,030
NET BOOK VALUE
At 30 April 2024 17,250 - 17,250
At 30 April 2023 - - -

Carbonomics Limited (Registered number: 03753779)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS - continued

The intangible assets refer to the cost of securing an exclusive territorial sales agreement in the USA for the supply of products made and supplied by the company. At the balance sheet date, this company is insolvent and as a a consequence the cost of the investment has been written off in full.

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 1,049,000 3,533,409 4,582,409
Additions - 221,519 221,519
Disposals - (20,493 ) (20,493 )
At 30 April 2024 1,049,000 3,734,435 4,783,435
DEPRECIATION
At 1 May 2023 - 2,049,830 2,049,830
Charge for year - 289,339 289,339
Eliminated on disposal - (16,846 ) (16,846 )
At 30 April 2024 - 2,322,323 2,322,323
NET BOOK VALUE
At 30 April 2024 1,049,000 1,412,112 2,461,112
At 30 April 2023 1,049,000 1,483,579 2,532,579

The freehold premises were professionally valued by Mark Jenkinson & Son on 12 June 2013.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,381,602 1,439,891
Other debtors 28,119 2,152,284
1,409,721 3,592,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 334,960 314,471
Taxation and social security 275,787 272,984
Other creditors 21,265 55,122
632,012 642,577

Carbonomics Limited (Registered number: 03753779)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
A P Holmes
Balance outstanding at start of year 496,725 -
Amounts advanced - 496,725
Amounts repaid (496,725 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 496,725

The loan made to the director was repaid in full on 18th January 2024.

9. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.4.24 30.4.23
£    £   
(Loss)/profit for the financial year (2,909,889 ) 963,105
Dividends (310,280 ) (90,000 )
Payments to acquire own shares (14 ) -
Net (reduction)/addition to shareholders' funds (3,220,183 ) 873,105
Opening shareholders' funds 7,882,515 7,009,410
Closing shareholders' funds 4,662,332 7,882,515

10. MOVEMENT ON RESERVES

During the year the company purchased 14 on its own shares at the net price of £3,517,486.