Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falsethe production of carbon negative and carbon zero contruction materials.1514truetrue 12200787 2024-01-01 2024-12-31 12200787 2024-12-31 12200787 2023-01-01 2023-12-31 12200787 2023-12-31 12200787 c:Director1 2024-01-01 2024-12-31 12200787 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 12200787 d:Buildings d:LongLeaseholdAssets 2024-12-31 12200787 d:Buildings d:LongLeaseholdAssets 2023-12-31 12200787 d:PlantMachinery 2024-01-01 2024-12-31 12200787 d:PlantMachinery 2024-12-31 12200787 d:PlantMachinery 2023-12-31 12200787 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12200787 d:OfficeEquipment 2024-01-01 2024-12-31 12200787 d:OfficeEquipment 2024-12-31 12200787 d:OfficeEquipment 2023-12-31 12200787 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12200787 d:ComputerEquipment 2024-01-01 2024-12-31 12200787 d:ComputerEquipment 2024-12-31 12200787 d:ComputerEquipment 2023-12-31 12200787 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12200787 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12200787 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 12200787 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 12200787 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 12200787 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 12200787 d:CurrentFinancialInstruments 2024-12-31 12200787 d:CurrentFinancialInstruments 2023-12-31 12200787 d:Non-currentFinancialInstruments 2024-12-31 12200787 d:Non-currentFinancialInstruments 2023-12-31 12200787 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12200787 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12200787 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 12200787 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12200787 d:ShareCapital 2024-12-31 12200787 d:ShareCapital 2023-12-31 12200787 d:SharePremium 2024-12-31 12200787 d:SharePremium 2023-12-31 12200787 d:RetainedEarningsAccumulatedLosses 2024-12-31 12200787 d:RetainedEarningsAccumulatedLosses 2023-12-31 12200787 c:FRS102 2024-01-01 2024-12-31 12200787 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12200787 c:FullAccounts 2024-01-01 2024-12-31 12200787 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12200787 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 12200787 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 12200787 2 2024-01-01 2024-12-31 12200787 d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 12200787 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-01-01 2024-12-31 12200787 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 12200787













Low Carbon Materials Limited

Financial statements
Information for filing with the registrar

31 December 2024




 
Low Carbon Materials Limited


Balance sheet
At 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
207,227
115,965

Tangible assets
 5 
487,110
437,483

  
694,337
553,448

Current assets
  

Stocks
  
38,391
-

Debtors
 6 
219,567
153,186

Cash at bank and in hand
  
990,839
539,007

  
1,248,797
692,193

Creditors: amounts falling due within one year
 7 
(322,823)
(109,397)

Net current assets
  
 
 
925,974
 
 
582,796

Total assets less current liabilities
  
1,620,311
1,136,244

Creditors: amounts falling due after more than one year
 8 
(63,946)
(572,869)

  

Net assets
  
1,556,365
563,375


Capital and reserves
  

Called up share capital 
  
217
183

Share premium account
  
3,040,161
1,417,896

Profit and loss account
  
(1,484,013)
(854,704)

Shareholders' funds
  
1,556,365
563,375

1

 
Low Carbon Materials Limited

    
Balance sheet (continued)
At 31 December 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.




P D Buckley
Director

Company registered number: 12200787
The notes on pages 3 to 8 form part of these financial statements. 
2

 
Low Carbon Materials Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

1.


General information

Low Carbon Materials Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Unit 4 Jade Business Park, Spring Road, Seaham, SR7 9DR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The accounts are prepared on a going concern basis despite making losses and having negative profit and loss reserves. The company is receiving grant income and shareholder investment whilst products are still in a research and development phase and the shareholders have also indicated an ongoing willingness to support the company.

 
2.3

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

3

 
Low Carbon Materials Limited
 

 
Notes to the financial statements
Year ended 31 December 2024

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Patents which are pending, are not amortised. Successfully granted patents are amortised over 20 years, and any unsuccessful patent applications are expensed to the profit and loss.
Brands are amortised over 10 years.
4

 
Low Carbon Materials Limited
 

 
Notes to the financial statements
Year ended 31 December 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
straight line
Office equipment
-
10%
straight line
Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 -14).

5

 
Low Carbon Materials Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

4.


Intangible assets




Patents
Brand
Total

£
£
£



Cost


At 1 January 2024
106,644
11,142
117,786


Additions
92,836
-
92,836



At 31 December 2024

199,480
11,142
210,622



Amortisation


At 1 January 2024
-
1,821
1,821


Charge for the year
460
1,114
1,574



At 31 December 2024

460
2,935
3,395



Net book value



At 31 December 2024
199,020
8,207
207,227



At 31 December 2023
106,644
9,321
115,965



6

 
Low Carbon Materials Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost 


At 1 January 2024
191,010
308,286
9,628
11,984
520,908


Additions
-
107,560
-
2,125
109,685



At 31 December 2024

191,010
415,846
9,628
14,109
630,593



Depreciation


At 1 January 2024
24,985
52,202
1,694
4,543
83,424


Charge for the year
19,101
37,400
963
2,595
60,059



At 31 December 2024

44,086
89,602
2,657
7,138
143,483



Net book value



At 31 December 2024
146,924
326,244
6,971
6,971
487,110



At 31 December 2023
166,025
256,085
7,933
7,440
437,483


6.


Debtors

2024
2023
£
£


Trade debtors
30,600
2,461

Other debtors
133,919
53,970

Prepayments and accrued income
55,048
96,755

219,567
153,186


7

 
Low Carbon Materials Limited
 
 

Notes to the financial statements
Year ended 31 December 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
60,995
8,705

Other taxation and social security
23,032
10,859

Other creditors
13,021
75,768

Accruals and deferred government grants
225,775
14,065

322,823
109,397



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Other loans
-
500,000

Government grants received
63,946
72,869

63,946
572,869


 
8