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ALTERED CARBON LIMITED

Registered Number
11362774
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

ALTERED CARBON LIMITED
Company Information
for the period from 1 February 2024 to 31 December 2024

Directors

BARNES, Frazer John Stephen
KEEN, Dominic John
ONWUGBENU, Sam
ROHAFZA, Ali

Registered Address

Henleaze Business Centre
Harbury Road
Bristol
BS9 4PN

Registered Number

11362774 (England and Wales)
ALTERED CARBON LIMITED
Balance Sheet as at
31 December 2024

Notes

31 Dec 2024

31 Jan 2024

£

£

£

£

Fixed assets
Tangible assets68,86884,239
68,86884,239
Current assets
Debtors161,29628,725
Cash at bank and on hand201,672333,714
362,968362,439
Creditors amounts falling due within one year(224,192)(28,233)
Net current assets (liabilities)138,776334,206
Total assets less current liabilities207,644418,445
Net assets207,644418,445
Capital and reserves
Called up share capital1,818,0331,430,107
Profit and loss account(1,610,389)(1,011,662)
Shareholders' funds207,644418,445
The financial statements were approved and authorised for issue by the Board of Directors on 2 August 2025, and are signed on its behalf by:
BARNES, Frazer John Stephen
Director
Registered Company No. 11362774
ALTERED CARBON LIMITED
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
Statutory Accounts have being prepared on going concern basis
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Research and development
Qualifying R&D in accordance with Part 13 CTA 2009 (SME & Large company claims)/ Chapter 6A Part 3 CTA 2009 (RDEC) and the BEIS guidelines
Tangible fixed assets and depreciation
Fixed assets are depreciated as follow: Office Equipment & Furniture - 25% Straight Line Plant & Machinery - Effective Years - 5 (20%) Straight Line

Straight line (years)
Plant and machinery5
Office Equipment4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Share Capital has been raised via fundraising from private investors
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees
The average number of persons employed by the company in the period was 10 (Including directors)

20242024
Average number of employees during the year107