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Logo On Report
Registered Number: 16008843
England and Wales

 

 

 

SUSTAINABLE MOLECULES LIMITED



Audited Financial Statements
 


Period of accounts

Start date: 09 October 2024

End date: 31 December 2025

Sustainable Molecules Limited
Contents Page
For the Period 09 October 2024 to 31 December 2025
Directors Kevin Chown
Kamaldeep Kalsi
Hans Mansson
Nicolas Nouvel
Registered Number 16008843
Registered Office Sustainable Molecule Facility
Portway Road
Wednesbury
WS10 7DZ
Auditors bk plus Audit Limited
Azzurri House
Walsall Road
Aldridge
Walsall
WS9 0RB
1
Opinion

We have audited the financial statements of Sustainable Molecules Limited (the 'company') for the year ended 31 December 2025 which comprise the profit and loss account, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCs Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:
  • the information given in the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the director's report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the director's report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records and returns; or
  • certain disclosures of director's remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit; or
  • the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the director's report and from the requirement to prepare a strategic report.
Responsibilities of director

As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

From the preliminary of the audit, we ensure our understanding of the entity is up to date. This includes, but is not limited to, current knowledge of their activities, the business and control environments, and their compliance with the applicable legal and regulatory frameworks. This information supports our risk identification and the subsequent design of audit procedures to mitigate those risks; ensuring that the audit evidence obtained is sufficient and appropriate to support our opinion.

In response to the risks identified, specific to this entity, we designed procedures which included, but were not limited to:
  • Enquiry of management and those charged with governance around actual and potential litigation and claims;
  • Reviewing minutes of meetings of those charged with governance, if available;
  • Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
  • Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale for significant transactions outside the normal course of business.
A further description of our responsibilities is available on the Financial Reporting Councils website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.



Keval Dattani ACA (Senior Statutory Auditor) For and on behalf of bk plus Audit Limited
Registered Auditor
Azzurri House
Walsall Road
Aldridge
Walsall
WS9 0RB
Date: 08 July 2026
2
 
 		 Notes
 		 2025
£
Fixed assets    
Intangible fixed assets 4 75,000 
Investments 5 301 
75,301 
Current assets    
Debtors 6 3,005,604 
Cash at bank and in hand 16,036 
3,021,640 
Creditors: amount falling due within one year 7 (1,979,608)
Net current assets 1,042,032 
 
Total assets less current liabilities 1,117,333 
Net assets 1,117,333 
 

Capital and reserves 		   
Called up share capital 565 
Share Premium Account 8 1,349,783 
Profit and loss account (233,015)
Shareholders' funds 1,117,333 
 


These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 July 2026 and were signed on its behalf by:


-------------------------------
Kevin Chown
Director
3
General Information
Sustainable Molecules Limited is a private company, limited by shares, registered in England and Wales, registration number 16008843, registration address Sustainable Molecule Facility, Portway Road, Wednesbury, WS10 7DZ.

The presentation currency is £ sterling.
1.

Accounting policies

Basis of preparing the Financial Statements
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)
Short term debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loan's receivable is
measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including
bank loans, are measured initially at fair value, net of transaction costs, and are measured
subsequently at amortised cost using the effective interest method
Going concern basis
The directors believe that the company is a going concern based on the continuing support of shareholders and investors. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and deposits. Bank overdrafts that are repayable on demand are deducted from cash and cash equivalents.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of turnover and expenses during the reported period.

4.

Intangible fixed assets

Cost Other   Total
  £   £
At 09 October 2024 -    - 
Additions 75,000    75,000 
Disposals -    - 
At 31 December 2025 75,000    75,000 
Amortisation
At 09 October 2024 -    - 
Charge for period -    - 
On disposals -    - 
At 31 December 2025 -    - 
Net book values
At 31 December 2025 75,000    75,000 
At 08 October 2024 -    - 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 09 October 2024 -    - 
Additions 301    301 
Disposals -    - 
At 31 December 2025 301    301 
These Financial Statements are the separate Financial Statements of Sustainable Molecules Limited.  The Company is exempt from preparing consolidated group accounts as the group qualifies as a small group.  Sustainable Molecules Limited directly owns 100% of the share capital in SuMo Engineering Limited  and Sustainable Molecules Facility Limited.  The registered office of these companies is Sustainable Molecules Facility, Portway Road, Wednesbury, WS10 7DZ. 

Sustainable Molecules Limited indirectly owns 100% of the share capital in SuMo Ip Limited, whose registered office is 5 South Charlotte Street, Edinburgh,  EH2 4AN. Sustainable Molecules Limited also owns  a 15% minority interest in Renumo Limited, the registered office of which is 7 Victoria Road, Tamworth, Staffordshire. B79 7HS

6.

Debtors: amounts falling due within one year

2025
£
Amount Owed by Group Undertakings 1,975,962 
Amount Owed by Participating Interests 852,803 
Other Debtors 145,089 
VAT 31,750 
3,005,604 

7.

Creditors: amount falling due within one year

2025
£
Trade Creditors 2,924 
Amounts Owed to Group Undertakings 1,858,238 
Accrued Expenses (1)
Other Creditors 118,447 
1,979,608 

8.

Share Premium Account

2025
£
Equity Share Premium - New Issue 1,349,783 
1,349,783 

9.

Related Party Transactions

The company has taken advantage of the exemption under FRS102 paragraph 33.1A from disclosing transactions with entities that are part of the group, or investees that qualify as related parties, where all subsidiaries party to the transaction are wholly owned by the group.
10.

Ultimate Controlling Party

The company's ultimate controlling party are Kevin Chown, Kamaldeep Kalsi, Hans Mansson by virtue of their ownership of 53.13% of the issued share capital in the company.
4