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REGISTERED NUMBER: 03767518 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

THE CO2 GAS COMPANY LIMITED

THE CO2 GAS COMPANY LIMITED (REGISTERED NUMBER: 03767518)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE CO2 GAS COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTOR: Mr S N Smadja





SECRETARY: Mr S N Smadja





REGISTERED OFFICE: CO2 House
Temple Bank
Harlow
Essex
CM20 2DY





REGISTERED NUMBER: 03767518 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

THE CO2 GAS COMPANY LIMITED (REGISTERED NUMBER: 03767518)

ABRIDGED BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 877,295 835,549
Investment property 6 1,233,589 1,233,589
2,110,884 2,069,138

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 468,352 533,635
Cash at bank and in hand 878,502 623,558
1,351,854 1,162,193
CREDITORS
Amounts falling due within one year 648,205 615,486
NET CURRENT ASSETS 703,649 546,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,814,533

2,615,845

CREDITORS
Amounts falling due after more than one year 7 (673,843 ) (786,307 )

PROVISIONS FOR LIABILITIES (214,802 ) (187,573 )
NET ASSETS 1,925,888 1,641,965

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1,825,888 1,541,965
SHAREHOLDERS' FUNDS 1,925,888 1,641,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

THE CO2 GAS COMPANY LIMITED (REGISTERED NUMBER: 03767518)

ABRIDGED BALANCE SHEET - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 April 2025 and were signed by:





Mr S N Smadja - Director


THE CO2 GAS COMPANY LIMITED (REGISTERED NUMBER: 03767518)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

The Co2 Gas Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.


THE CO2 GAS COMPANY LIMITED (REGISTERED NUMBER: 03767518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 50,000
AMORTISATION
At 1 November 2023
and 31 October 2024 50,000
NET BOOK VALUE

At 31 October 2024 -
At 31 October 2023 -

THE CO2 GAS COMPANY LIMITED (REGISTERED NUMBER: 03767518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 2,137,518
Additions 286,810
Disposals (129,102 )
At 31 October 2024 2,295,226
DEPRECIATION
At 1 November 2023 1,301,969
Charge for year 238,066
Eliminated on disposal (122,104 )
At 31 October 2024 1,417,931
NET BOOK VALUE
At 31 October 2024 877,295
At 31 October 2023 835,549

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2023 509,097
Additions 95,204
Disposals (70,357 )
Transfer to ownership (23,868 )
At 31 October 2024 510,076
DEPRECIATION
At 1 November 2023 333,886
Charge for year 93,440
Eliminated on disposal (63,359 )
Transfer to ownership (23,868 )
At 31 October 2024 340,099
NET BOOK VALUE
At 31 October 2024 169,977
At 31 October 2023 175,211

THE CO2 GAS COMPANY LIMITED (REGISTERED NUMBER: 03767518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,233,589
NET BOOK VALUE
At 31 October 2024 1,233,589
At 31 October 2023 1,233,589

Investment property was valued on an open market basis on 31st October 2024 by the director.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans 489,985 581,929

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 596,860 648,804
Hire purchase contracts 218,791 276,149
815,651 924,953

Hire purchase contracts are secured over the assets to which they relate.

The bank loan is secured by a fixed charge on the company's fixed assets and a floating charge on the company's remaining assets.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £269 (2023: £342) to Mr S N Smadja, the director.