36397268 2023-01-01 2023-12-31 36397268 2023-01-01 2023-12-31 0 36397268 2023-01-01 2023-12-31 0 36397268 2023-01-01 2023-12-31 1 36397268 2023-01-01 2023-12-31 2 36397268 2022-01-01 2022-12-31 36397268 2023-12-31 36397268 2022-12-31 iso4217:DKK Annual report 2024-06-21 Debasish Chakraborty RENCAT ApS Oksemosen 10 2840 Holte 36397268 2023-01-01 2023-12-31 <p xmlns="http://www.w3.org/1999/xhtml">Management has today considered and approved the annual report for the financial year 01. January 2023 - 31. December 2023 for RENCAT ApS. <br/> <br/> The annual report is presented in accordance with the Danish Financial Statements Act. <br/> <br/> Management believes that the financial statements give a true and fair view of the company's assets, liabilities and financial position and of the result. <br/> <br/> The annual report is submitted for approval by the General Assembly.</p> Management considers the conditions for opting out of audit to be met. Holte 2024-06-18 Debasish Chakraborty Bjarne Henning Jensen Debasish Chakraborty Ib Chorkendorff <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Major Activities</strong> <br/> RENCAT's main activity is to commercialise a patent pending fuel processing technology to process ammonia to Proton Exchange Fuel Cell (PEMFC) grade hydrogen. <br/>   <br/> <strong>Reasons for any major changes in your Company's activities or economy</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">The Company's income statement for 2023 shows a loss of DKK 14,300 as against a profit of DKK 582,402 in 2022. Equity in the Company's balance sheet at 31 December 2023 stood at DKK 153.152  as against DKK 167,452 at 31 December 2022.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">In the spring of 2022, Rencat sold its assets to Alfa Laval. Subsequent to the sale, the Company will close its activity and expects to make a solvent liquadation within the coming year. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Events after the end of the financial year (Optional)</strong> <br/> After the end of the financial year, no events have occurred that could materially affect the company's financial position.</p> The annual report has been prepared in accordance with the regulation applying to Reporting class B. Reporting class B <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 18.0px;"> <strong>Income statement</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Revenue</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts granted are recognised in revenue.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Other operating income</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Other operating income comprises items secondary to the activities of the Company, including gains on the disposal of intangible assets.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Other external costs</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Other external costs comprise costs of distribution, sales and advertising, administrative expenses, costs of premises, bad debts, operating leases, etc.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Staff costs</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Staff costs comprise wages and salaries, including holiday allowance, pension and other social security costs. Refunds from public authorities are deducted from staff costs.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Financial income and expenses</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Financial income and expenses comprise interest income and expense, gains and losses on securities, payables and transactions denominated in foreign currencies, amortisation of financial assets and liabilities as well as surcharges and refunds under the on-account tax scheme, etc.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Tax on profit for the year</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Tax for the year comprises current tax for the year and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit for the year is recognised in the income statement at the amount attributable to the profit for the year and directly in equity at the amount attributable to entries directly in equity.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 18.0px;"> <strong>Balance sheet</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Receivables</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Receivables are measured at amortised cost.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Corporation tax and deferred tax</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Deferred tax is measured using the balance sheet liability method on all temporary differences between the carrying amount and the tax value of assets and liabilities based on the planned use of the asset or settlement of the liability. However, deferred tax is not recognised on temporary differences relating to goodwill non-deductible for tax purposes and on office premises and other items where the temporary differences arise at the date of acquisition without affecting either profit/loss or taxable income.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expected value of their utilisation within the foreseeable future; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Any deferred net assets are measured at net realisable value.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Deferred tax is measured in accordance with the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Changes in deferred tax as a result of changes in tax rates are recognised in the income statement or equity, respectively.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Cash at bank and in hand</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Cash at bank and in hand comprise cash and bank deposits.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 16.0px;"> <strong>Liabilities other than provisions</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml">Financial liabilities are recognised at cost at the date of borrowing, corresponding to the proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are measured at amortised cost using the effective interest method. Accordingly, the difference between cost and the nominal value is recognised in the income statement over the term of the loan together with interest expenses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Other liabilities are measured at amortised cost.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> -11203 4259645 0 100000 0 3371776 -11203 4159645 3097 10511 -14300 777358 0 194956 -14300 582402 0 3000000 -14300 -2417598 -14300 582402 2000 48276 635 31604 2635 79880 150977 333526 153612 413406 153612 413406 50001 50001 103151 117451 153152 167452 0 245214 460 740 460 245954 460 245954 153612 413406 <table xmlns="http://www.w3.org/1999/xhtml" class="incomeStatement" style="border:0; margin-bottom: 20px;"> <thead> <tr class="header1"> <th class="col1"/> <th class="col2"/> <th class="col3">2023</th> </tr> </thead> <tbody> <tr> <td class="col1 dotted"> <span> Average number of employees </span> </td> <td class="col2"> </td> <td class="col3"> 0 </td> <td class="col4 lastyear"> </td> </tr> </tbody> </table> 0 false false false true Erhvervsstyrelsen Regnskab Basis 2022-12-31 2022-01-01 No audit assistance Startup Service ApS Toggangen 16, st. TH 2730 Herlev