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Registration number: 14037940

Click Storm Limited

Unaudited Filleted Financial Statements

for the Period from 11 April 2022 to 30 April 2023

 

Click Storm Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Click Storm Limited

Company Information

Directors

Mr S A Morton

Mr S A Harris

Registered office

15 Dark Lane
Backwell
Bristol
BS48 3NT

Accountants

Newsham Hanson Accountants Limited
Accountants and Business Advisors
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

Click Storm Limited

(Registration number: 14037940)
Balance Sheet as at 30 April 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

4,662

Tangible assets

5

187

 

4,849

Current assets

 

Debtors

6

9,944

Cash at bank and in hand

 

779

 

10,723

Creditors: Amounts falling due within one year

7

(15,436)

Net current liabilities

 

(4,713)

Net assets

 

136

Capital and reserves

 

Called up share capital

8

100

Retained earnings

36

Shareholders' funds

 

136

For the financial period ending 30 April 2023 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 period 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 by the Board on 10 October 2023 and signed on its behalf by:
 

 

Click Storm Limited

(Registration number: 14037940)
Balance Sheet as at 30 April 2023

.........................................
Mr S A Morton
Director

.........................................
Mr S A Harris
Director

 

Click Storm Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2022 to 30 April 2023

1

General information

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

The address of its registered office is:
15 Dark Lane
Backwell
Bristol
BS48 3NT

These financial statements were authorised for issue by the Board on 10 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

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 carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

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

 

Click Storm Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2022 to 30 April 2023

Tax

The tax expense for the period comprises current tax. 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 assets

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

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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 obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Click Storm Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2022 to 30 April 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

5,180

5,180

At 30 April 2023

5,180

5,180

Amortisation

Amortisation charge

518

518

At 30 April 2023

518

518

Carrying amount

At 30 April 2023

4,662

4,662

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

250

250

At 30 April 2023

250

250

Depreciation

Charge for the period

63

63

At 30 April 2023

63

63

Carrying amount

At 30 April 2023

187

187

 

Click Storm Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2022 to 30 April 2023

6

Debtors

Current

2023
£

Trade debtors

5,943

Other debtors

4,001

 

9,944

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Trade creditors

 

455

Amounts owed to related parties

9

3,378

Taxation and social security

 

4,065

Other creditors

 

7,538

 

15,436

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary share of £1 each

100

100

     

9

Related party transactions

Summary of transactions with other related parties

Mr S A Morton and Mr S A Harris;
 Directors and shareholders of the company:
 
At the end of the year, Mr S A Harris owed the company £4,001 in respect of an advance made. This advance is repayable upon demand, with no special terms applied. Interest has been charged at 2%. This advance was repaid in full within nine months of the year end.
 

10

Control

The company is controlled by the directors who own 100% of the called up share capital.