Silverfin false false 30/04/2024 10/04/2023 30/04/2024 H M Gunstock 10/04/2023 K Patel 10/04/2023 P K Rees 10/04/2023 D J Walker-Nix 10/04/2023 10 January 2025 The principal activity of the Company during the financial period was growing seaweed to absorb and trap carbon dioxide. 14789630 2024-04-30 14789630 bus:Director1 2024-04-30 14789630 bus:Director2 2024-04-30 14789630 bus:Director3 2024-04-30 14789630 bus:Director4 2024-04-30 14789630 core:CurrentFinancialInstruments 2024-04-30 14789630 core:Non-currentFinancialInstruments 2024-04-30 14789630 core:ShareCapital 2024-04-30 14789630 core:RetainedEarningsAccumulatedLosses 2024-04-30 14789630 core:OtherResidualIntangibleAssets 2023-04-09 14789630 2023-04-09 14789630 core:OtherResidualIntangibleAssets 2024-04-30 14789630 bus:OrdinaryShareClass1 2024-04-30 14789630 2023-04-10 2024-04-30 14789630 bus:FilletedAccounts 2023-04-10 2024-04-30 14789630 bus:SmallEntities 2023-04-10 2024-04-30 14789630 bus:AuditExemptWithAccountantsReport 2023-04-10 2024-04-30 14789630 bus:PrivateLimitedCompanyLtd 2023-04-10 2024-04-30 14789630 bus:Director1 2023-04-10 2024-04-30 14789630 bus:Director2 2023-04-10 2024-04-30 14789630 bus:Director3 2023-04-10 2024-04-30 14789630 bus:Director4 2023-04-10 2024-04-30 14789630 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-04-10 2024-04-30 14789630 core:OtherResidualIntangibleAssets 2023-04-10 2024-04-30 14789630 core:Non-currentFinancialInstruments 2023-04-10 2024-04-30 14789630 bus:OrdinaryShareClass1 2023-04-10 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14789630 (England and Wales)

CARBON KAPTURE (MULROY BAY) LTD

Unaudited Financial Statements
For the financial period from 10 April 2023 to 30 April 2024
Pages for filing with the registrar

CARBON KAPTURE (MULROY BAY) LTD

Unaudited Financial Statements

For the financial period from 10 April 2023 to 30 April 2024

Contents

CARBON KAPTURE (MULROY BAY) LTD

BALANCE SHEET

As at 30 April 2024
CARBON KAPTURE (MULROY BAY) LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 30.04.2024
£
Fixed assets
Intangible assets 3 4,400
4,400
Current assets
Debtors 2
Cash at bank and in hand 70,264
70,266
Creditors: amounts falling due within one year 4 ( 72,110)
Net current liabilities (1,844)
Total assets less current liabilities 2,556
Creditors: amounts falling due after more than one year 5 ( 30,917)
Net liabilities ( 28,361)
Capital and reserves
Called-up share capital 6 2
Profit and loss account ( 28,363 )
Total shareholders' deficit ( 28,361)

For the financial period ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Carbon Kapture (Mulroy Bay) Ltd (registered number: 14789630) were approved and authorised for issue by the Board of Directors on 10 January 2025. They were signed on its behalf by:

K Patel
Director
CARBON KAPTURE (MULROY BAY) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 10 April 2023 to 30 April 2024
CARBON KAPTURE (MULROY BAY) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 10 April 2023 to 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Carbon Kapture (Mulroy Bay) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Jolliffe House, 32 West Street, Poole, BH15 1LD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period length is a longer period from 10 April 2023 to 30 April 2024. This is due to it being the year of incorporation.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised over a 2 year period beginning when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
10.04.2023 to
30.04.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 4

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 10 April 2023 0 0
Additions 5,500 5,500
At 30 April 2024 5,500 5,500
Accumulated amortisation
At 10 April 2023 0 0
Charge for the financial period 1,100 1,100
At 30 April 2024 1,100 1,100
Net book value
At 30 April 2024 4,400 4,400

4. Creditors: amounts falling due within one year

30.04.2024
£
Amounts owed to Group undertakings 2,500
Other taxation and social security 16,648
Other creditors 52,962
72,110

5. Creditors: amounts falling due after more than one year

30.04.2024
£
Other creditors 30,917

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

30.04.2024
£
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 0.001 each 2