Carbometrics Limited

(Registration number: 11444598)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	53,059	57,850
Tangible assets	5	155,733	222,140
		208,792	279,990
Current assets
Debtors	6	440,427	218,182
Cash at bank and in hand		4,152,076	6,084,913
		4,592,503	6,303,095
Creditors: Amounts falling due within one year	7	(189,377)	(195,219)
Net current assets		4,403,126	6,107,876
Net assets		4,611,918	6,387,866
Capital and reserves
Called up share capital		240	240
Share premium reserve		11,014,481	11,014,481
Profit and loss account		(6,402,803)	(4,626,855)
Total equity		4,611,918	6,387,866

Carbometrics Limited

(Registration number: 11444598)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised for issue by the Board on 30 July 2026 and signed on its behalf by:
 

.........................................

Dr A Chapman
Director

Carbometrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Science Creates
St Philips
Albert Road
Bristol
BS2 0XJ

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Carbometrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at
the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are
retranslated into the respective functional currency of the entity at the rates prevailing on the
reporting period date.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Foreign exchange gains and losses are taken to profit or loss and classified within Administrative
expenses.

Tax

The tax income or expense for the period comprises current and deferred tax including research and development tax credits claimed. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Plant and machinery	Straight line over 4 years
Furniture and Fittings	Straight line over 10 years
Computer equipment	Straight line over 3 years

Intangible fixed assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Carbometrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Patents	Straight line over 15 years

Research and development costs

Research and development costs are written off to profit or loss in the year incurred.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Carbometrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 15).

4	Intangible fixed assets

	Trademarks, patents and licenses  £
Cost
At 1 August 2024	71,865
At 31 July 2025	71,865
Amortisation
At 1 August 2024	14,015
Amortisation charge	4,791
At 31 July 2025	18,806
Carrying amount
At 31 July 2025	53,059
At 31 July 2024	57,850

Carbometrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5	Tangible fixed assets

	Plant and machinery £	Furniture and fittings £	Computer equipment £	Total £
Cost
At 1 August 2024	391,372	2,434	28,330	422,136
Additions	8,560	-	2,146	10,706
At 31 July 2025	399,932	2,434	30,476	432,842
Depreciation
At 1 August 2024	179,261	1,249	19,486	199,996
Charge for the year	72,670	243	4,200	77,113
At 31 July 2025	251,931	1,492	23,686	277,109
Carrying amount
At 31 July 2025	148,001	942	6,790	155,733
At 31 July 2024	212,111	1,185	8,844	222,140

Carbometrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	664	3,656
Other debtors	13,786	13,785
VAT	7,869	19,947
Prepayments and accrued income	63,425	34,700
Corporation tax R&D credit	354,683	146,094
	440,427	218,182

7

Creditors

	2025 £	2024 £
Trade creditors	44,687	39,559
Social security and other taxes	23,190	18,784
Other creditors	3,000	999
Accruals and deferred income	118,500	135,877
	189,377	195,219

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary of £0.01 each	10,028	100.28	10,028	100.28
B Ordinary of £0.01 each	5,389	53.89	5,389	53.89
Preferred Ordinary of £0.01 each	8,563	85.63	8,563	85.63
	23,980	239.80	23,980	239.80

Carbometrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
	75,003	48,876