Company registration number 11181993 (England and Wales)
CLAUSIUS UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
CLAUSIUS UK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CLAUSIUS UK LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,167
1,713
Current assets
Stocks
149,367
202,152
Debtors
4
23,770
80,299
Cash at bank and in hand
42,963
153,884
216,100
436,335
Creditors: amounts falling due within one year
5
(87,281)
(237,877)
Net current assets
128,819
198,458
Total assets less current liabilities
129,986
200,171
Creditors: amounts falling due after more than one year
6
(22,500)
(32,500)
Provisions for liabilities
(222)
(20,326)
Net assets
107,264
147,345
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
107,164
147,245
Total equity
107,264
147,345

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CLAUSIUS UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 2 October 2023
Mr R Hopkins
Director
Company registration number 11181993 (England and Wales)
CLAUSIUS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

Clausius UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Millennium House, Brannam Crescent, Roundswell Business Park, Barnstaple, Devon, EX31 3TD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

CLAUSIUS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

CLAUSIUS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 March 2022 and 28 February 2023
3,632
Depreciation and impairment
At 1 March 2022
1,919
Depreciation charged in the year
546
At 28 February 2023
2,465
Carrying amount
At 28 February 2023
1,167
At 28 February 2022
1,713
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
13,233
79,226
Corporation tax recoverable
9,300
-
0
Other debtors
380
380
Prepayments and accrued income
857
693
23,770
80,299
CLAUSIUS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 6 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
48,518
119,846
Corporation tax
-
0
19,775
Other taxation and social security
18,351
85,161
Other creditors
2,347
595
Accruals and deferred income
8,065
2,500
87,281
237,877
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
22,500
32,500
2023-02-282022-03-01false02 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr R Hopkinsfalse111819932022-03-012023-02-28111819932023-02-28111819932022-02-2811181993core:PlantMachinery2023-02-2811181993core:PlantMachinery2022-02-2811181993core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2811181993core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2811181993core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2811181993core:Non-currentFinancialInstrumentscore:AfterOneYear2022-02-2811181993core:CurrentFinancialInstruments2023-02-2811181993core:CurrentFinancialInstruments2022-02-2811181993core:ShareCapital2023-02-2811181993core:ShareCapital2022-02-2811181993core:RetainedEarningsAccumulatedLosses2023-02-2811181993core:RetainedEarningsAccumulatedLosses2022-02-2811181993bus:Director12022-03-012023-02-2811181993core:PlantMachinery2022-03-012023-02-28111819932021-03-012022-02-2811181993core:PlantMachinery2022-02-2811181993core:Non-currentFinancialInstruments2023-02-2811181993core:Non-currentFinancialInstruments2022-02-2811181993bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811181993bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-2811181993bus:FRS1022022-03-012023-02-2811181993bus:AuditExemptWithAccountantsReport2022-03-012023-02-2811181993bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP