Carnot Limited


Directors	Francis Lempp
	Wolfgang Lempp
	Nadiur Rahman
	Archie Watts-Farmer


Registered Address	Studio 124 Great Western Studios
	65 Alfred Road
	London
	W2 5EU


Registered Number	12179870 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		18,569		36,126
			18,569		36,126
Current assets
Debtors	4	468,173		56,832
Cash at bank and on hand		529,741		156,731
		997,914		213,563
Creditors amounts falling due within one year	5	(318,775)		(330,302)
Net current assets (liabilities)			679,139		(116,739)
Total assets less current liabilities			697,708		(80,613)
Creditors amounts falling due after one year	6		(40,473)		(10,423)
Net assets			657,235		(91,036)
Capital and reserves
Called up share capital			162		153
Share premium			3,730,091		2,658,915
Profit and loss account			(3,073,018)		(2,750,104)
Shareholders' funds			657,235		(91,036)

The company was entitled to exemption from audit for this reporting period 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 May 2026, and are signed on its behalf by:

Nadiur Rahman
Director
Registered Company No. 12179870

Carnot Limited

Notes to the Financial Statements
for the year ended 31 August 2025

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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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 rendering of services.

	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.

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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Office Equipment	4

	Government grants or assistance
	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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		8

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 September 24	86,075	13,604	99,679
At 31 August 25	86,075	13,604	99,679
Depreciation and impairment
At 01 September 24	50,291	13,262	63,553
Charge for year	17,215	342	17,557
At 31 August 25	67,506	13,604	81,110
Net book value
At 31 August 25	18,569	-	18,569
At 31 August 24	35,784	342	36,126

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	464,623	45,525
Prepayments and accrued income	3,550	11,307
Total	468,173	56,832

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	23,935	10,205
Bank borrowings and overdrafts	156,939	-
Taxation and social security	67,191	24,617
Other creditors	69,960	293,485
Accrued liabilities and deferred income	750	1,995
Total	318,775	330,302

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	40,473	10,423
Total	40,473	10,423