No Value Reported No Value Reported iso4217:GBP xbrli:pure xbrli:shares iso4217:GBP xbrli:shares 14406810 2024-12-31 14406810 2023-10-31 14406810 2023-11-01 2024-12-31 14406810 2022-11-01 2023-10-31 14406810 bus:Director3 2023-11-01 2024-12-31 14406810 bus:Director1 2023-11-01 2024-12-31 14406810 bus:Director2 2023-11-01 2024-12-31 14406810 bus:SmallEntities 2023-11-01 2024-12-31 14406810 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-12-31 14406810 bus:FilletedAccounts 2023-11-01 2024-12-31 14406810 bus:Director1 2023-11-01 2024-12-31 14406810 2023-11-01 2024-12-31 14406810 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31
GRAPHENERGYTECH LTD
Registration Number 14406810 (England and Wales)
Filleted Unaudited Financial Statements
for the period 01 November 2023 to 31 December 2024
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
STATEMENT OF FINANCIAL POSITION
Notes
31 December 2024 £
31 October 2023 £
Fixed assets
Tangible assets
3
18,733
Current assets
Debtors
4
197,158
30,399
Investments
5
17,870
Cash at bank and in hand
498,416
66,063
713,444
96,462
Creditors: amounts falling due within one year
6
15,358
73,992
Net current assets
698,086
22,470
Total assets less current liabilities
716,819
22,470
Creditors: amounts falling due after more than one year
7
-
(45,214)
Net assets / (liabilities)
716,819
22,744
Capital and reserves
Called up share capital
8
9
7
Share premium account
8
944,907
-
Profit and loss account
(228,097)
(22,751)
Shareholders' funds / (deficit)
716,819
(22,744)
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income has been taken.
For the 14 month period ended 31 December 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 of its accounts for the 14 month period ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirments of the Companies Act 2006 with respect ot accounting records and the preparation of accounts.
The financial statements were approved and authorised for issue by the Board of Directors on 9 September 2025.
_______________________
_______________________
T P Baumeler
N D Crabb
Director
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
STATEMENT OF FINANCIAL POSITION
Notes
31 December 2024 £
31 October 2023 £
The notes on pages 2 to 7 form part of these accounts.
Company registration number: 14406810
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
1.
Summary of significant accounting policies
1.1
General information and basis of preparation
GraphEnergyTech Ltd is a private company limited by shares, registered in England and Wales. The address of the registered office and registration number are as below:
The Officers' Mess Business Centre
Royston Road
Duxford
England
CB22 4QH
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
1.2
Going concern
The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors consider that the company are able to meet its day to day liabilities as they fall due.
The Company is at an advanced development stage with its proprietary technology platform showing strong commercial potential. Management has identified clear pathways to market with several proof-of-concept validations completed and early customer engagement demonstrating positive market reception. The technology addresses established market needs with a scalable solution that positions the Company well for revenue generation in the near term. While the Company continues to operate in a pre-revenue or early revenue phase, the directors are confident that the combination of the technology's market applicability, the experienced management team, and the strategic partnerships being developed provide a solid foundation for sustainable growth and commercial success. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
1.4
Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Asset class
Depreciation rate
Plant and machinery
33% straight line
Where factors indicate that the residual values or useful lives of tangible assets may have changed, a review will be carried out of the residual values, depreciation methods and useful lives, and these will be amended if necessary. Changes in depreciation rates arising from this review are accounted for prospectively over the remaining useful lives of the assets.
1.5
Investments in subsidiaries
Investments in subsidiaries are accounted for in accordance with the cost model and are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
1.6
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include cash and other debtors, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
Other financial liabilities
Other financial liabilities, including trade creditors, are initially measured at transaction price less transaction costs, and are subsequently measured at the transaction price less transaction costs not yet recognised in profit or loss and repayments plus cumulative interest expenses incurred.
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
1.7
Tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.
1.8
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.
1.9
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the performance model. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met.Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
1.10
Foreign currency
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
1.11
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Short term benefits, including holiday pay, are recognised as an expense in the period in which employees have become entitled to the benefits as a result of service rendered to the company.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Once-off termination payments that are not required by contract, legislation, or other obligations or commitments, are recognised in the financial year in which they become payable.
1.12
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
1.12
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: •It is technically feasible to complete the intangible asset so that it will be available for use or sale; •There is the intention to complete the intangible asset and use or sell it; •There is the ability to use or sell the intangible asset; •The use or sale of the intangible asset will generate probable future economic benefits; •There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and •The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
2.
Employees
The average monthly number of employees during the period was as follows:
31 December 2024
31 October 2023
Employees
1
-
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
3.
Tangible assets
Balances at year end and movements for the year
Plant and machinery £
Cost
Additions
22,483
At 31 December 2024
22,483
Depreciation
Charge for the year
(3,750)
At 31 December 2024
(3,750)
Net book value
At 01 November 2023
-
At 31 December 2024
18,733
4.
Debtors
31 December 2024 £
31 October 2023 £
Other debtors
15,071
21,358
VAT
3,101
9,041
Amounts owed by group undertakings
157,530
-
Corporation tax
21,456
-
197,158
30,399
5.
Current asset investments
31 December 2024 £
31 October 2023 £
Investment in subsidary
17,870
-
The Company holds 100% of the shares in GraphEnergyTech SARL, a company incorporated in Switzerland.
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
6.
Creditors: amounts falling due within one year
31 December 2024 £
31 October 2023 £
Trade creditors
(1)
55,250
Other creditors
8,998
18,742
Social security and other taxes
2,700
-
Loan from director
3,661
-
15,358
73,992
7.
Creditors: amounts falling due after more than one year
31 December 2024 £
31 October 2023 £
Other creditors
-
45,214
GRAPHENERGYTECH LTD
Financial Statements for the 14 month period ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
8.
Called up share capital
31 December 2024 Number
31 October 2023 Number
Ordinary shares of £0.001 (2023: £0.01) each
8,891
700
Alloted, called up and fully paid
31 December 2024 £
31 October 2023 £
Ordinary shares of £0.001 (2023: £0.01) each
9
7
Details of share allotments during the year are as follows: On 28 December 2023, 700 ordinary shares at a nominal value of £0.01 have been subdivided into 7,000 ordinary shares at a nominal value of £0.001. On 26 July 2024 •187 Ordinary shares with a nominal value of £0.001 were issued for a consideration of £0.001 per share. •416 Ordinary shares with a nominal value of £0.001 were issued for a consideration of £607.37 per share resulting in a share premium of £252,665. •29 Ordinary shares with a nominal value of £0.001 were issued for a consideration of £0.001 per share. On 1 August 2024 •823 Ordinary shares with a nominal value of £0.001 were issued for a consideration of £607.37 per share resulting in a share premium of £499,865. •22 Ordinary shares with a nominal value of £0.001 were issued for a consideration of £0.001 per share. On 2 August 2024 •10 Ordinary shares with a nominal value of £0.001 were issued for a consideration of £0.001 per share. •404 Ordinary shares with a nominal value of £0.001 were issued for a consideration of £607.37 per share resulting in a share premium of £245,377.
Share premium account
The total share premium relating to the share issues detailed above amounted to £997,907. Fees paid in relation to raising share capital amounted to £53,000, resulting in a net share premium recognised of £944,907.
9.
Related party transactions
The company has taken advantage of the exemption under FRS 102 33.1A from disclosing transactions with wholly-owned members of the group.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
bus_SmallEntities
Accounts status, audited or unaudited
bus_AuditExemptWithAccountantsReport
Accounts type
bus_FilletedAccounts
Average number of employees during the period
0
Average number of employees during the period
1
Balance sheet date
31 December 2024
Date of auditor's report
0001-01-01
Date of authorisation of financial statements for issue
09 September 2025
Director signing Directors' Report
bus_Director1
Director signing financial statements
bus_Director1
End date for period covered by report
31 December 2024
Entity current legal or registered name
GraphEnergyTech Ltd
Entity is dormant [true/false]
false
Entity trading status
[default]
Legal form of entity
bus_PrivateLimitedCompanyLtd
Name of entity auditors
CT
Name of entity officer
M Irwin
Name of entity officer
T P Baumeler
Name of entity officer
N D Crabb
Name of individual auditor
CT
Name of production software
Draftworx Cloud
Start date for period covered by report
01 November 2023
UK Companies House registered number
14406810
Appendix - Footnotes
Fixed assets
No Value Reported
Current asset investments
No Value Reported