Registered number
13449632
Klimatech Controlling Your Environment Ltd
Filleted Accounts
30 June 2023
Klimatech Controlling Your Environment Ltd
Registered number: 13449632
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 180,107 202,621
Tangible assets 4 192,282 172,729
372,389 375,350
Current assets
Stocks 12,800 12,800
Debtors 5 417,077 415,326
Cash at bank and in hand 157,170 279,322
587,047 707,448
Creditors: amounts falling due within one year 6 (518,093) (616,922)
Net current assets 68,954 90,526
Total assets less current liabilities 441,343 465,876
Creditors: amounts falling due after more than one year 7 (250,833) (288,750)
Net assets 190,510 177,126
Capital and reserves
Called up share capital 100 100
Profit and loss account 190,410 177,026
Shareholders' funds 190,510 177,126
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Colin Partridge
Director
Approved by the board on 22 October 2023
Klimatech Controlling Your Environment Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
IT Equipment over 3 years
Plant and machinery over 4 years
Fixtures and fittings over 10 years
Motor Vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 225,134
At 30 June 2023 225,134
Amortisation
At 1 July 2022 22,513
Provided during the year 22,514
At 30 June 2023 45,027
Net book value
At 30 June 2023 180,107
At 30 June 2022 202,621
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 143,907 40,140 59,418 243,465
Additions - 17,459 67,597 85,056
Disposals - - (27,250) (27,250)
At 30 June 2023 143,907 57,599 99,765 301,271
Depreciation
At 1 July 2022 18,318 26,558 25,860 70,736
Charge for the year 14,391 9,403 21,272 45,066
On disposals - - (6,813) (6,813)
At 30 June 2023 32,709 35,961 40,319 108,989
Net book value
At 30 June 2023 111,198 21,638 59,446 192,282
At 30 June 2022 125,589 13,582 33,558 172,729
5 Debtors 2023 2022
£ £
Trade debtors 399,683 398,116
Other debtors 17,394 17,210
417,077 415,326
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 101,875 355,538
Taxation and social security costs 161,681 208,906
Other creditors 254,537 52,478
518,093 616,922
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 250,833 288,750
8 Other information
Klimatech Controlling Your Environment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11c Alma Road
Snettisham
Norfolk
PE31 7NY
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