CUR8 Earth Limited Filleted Accounts Cover
CUR8 Earth Limited
Company No. 13331991
Information for Filing with The Registrar
30 April 2024
CUR8 Earth Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 April 2024.
Principal activities
The principal activity of the company during the year under review was environmental consulting activity.
Directors
The Directors who served at any time during the year were as follows:
L. Dai
M. Krupinska
M. Stevenson
(Resigned 1 May 2023)
A. Walker
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
............................................................................................
M. Krupinska
Director
11 December 2024
CUR8 Earth Limited Balance Sheet Registrar
at
30 April 2024
Company No.
13331991
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
10,071707
10,071707
Current assets
Debtors
5
235,377196,282
Cash at bank and in hand
4,684,24568,171
4,919,622264,453
Creditors: Amount falling due within one year
6
(697,199)
(232,163)
Net current assets
4,222,42332,290
Total assets less current liabilities
4,232,49432,997
Net assets
4,232,49432,997
Capital and reserves
Called up share capital
141100
Share premium account
8
5,359,955-
Profit and loss account
8
(1,127,602)
32,897
Total equity
4,232,49432,997
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 December 2024 and signed on its behalf by:
M. Krupinska
Director
11 December 2024
CUR8 Earth Limited Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
CUR8 Earth Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13331991
Its registered office is:
2a The Quadrant
Epsom
Surrey
KT17 4RH
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company has transitioned from FRS 105 to FRS 102 Section 1A for the first time. There have been no changes to the company's accounting policies as a result of this transition.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Accrued income, representing revenue earned but not yet invoiced at the reporting date, is recognised when it is probable that the economic benefits will flow to the Company and the amount of income can be measured reliably. Accrued income from services is included in turnover based on the stage of completion of the contract, as determined by the costs incurred for work performed to date compared to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
33% Straight line basis
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
113
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 May 2023
821821
Additions
12,63512,635
At 30 April 2024
13,45613,456
Depreciation
At 1 May 2023
114114
Charge for the year
3,2713,271
At 30 April 2024
3,3853,385
Net book values
At 30 April 2024
10,07110,071
At 30 April 2023
707
707
5
Debtors
2024
2023
£
£
Trade debtors
108,41814,400
Corporation tax recoverable
8,222-
Other debtors
-5,923
Prepayments and accrued income
118,737175,959
235,377196,282
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
97,47444,108
Taxes and social security
68,132
8,222
Loans from directors
2,0361,749
Other creditors
16,967512
Accruals and deferred income
512,590177,572
697,199232,163
7
Share Capital
On 31 May 2023, the company subdivided its shares from 10,000 A Ordinary £0.01 shares into 10,000,000 A Ordinary £0.00001 shares.

Following the share split, the company underwent an investment round and issued an additional 4,094,726 A Ordinary £0.00001 shares for a total consideration of £5,359,996.

The respective share capital and share premium have been recognised in the Statement of Financial Position.
8
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
Included within Creditors is an amount of £2,036 (2023: £1,749) owed to the company directors. This amount is interest free and repayable on demand.
10
Controlling party
The directors are of the opinion that there is no ultimate controlling party.
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