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REGISTERED NUMBER: 08265895 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 September 2023

for

Climatech Ltd

Climatech Ltd (Registered number: 08265895)






Contents of the Financial Statements
for the Year Ended 28 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Climatech Ltd

Company Information
for the Year Ended 28 September 2023







DIRECTORS: M Gillespie
R K P Lilly





REGISTERED OFFICE: Unit 6
Parkwood Centre
Aston Road
Waterlooville
Hampshire
PO7 7HT





REGISTERED NUMBER: 08265895 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Climatech Ltd (Registered number: 08265895)

Balance Sheet
28 September 2023

28.9.23 28.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,783 104,767
Tangible assets 5 52,270 66,588
134,053 171,355

CURRENT ASSETS
Stocks 6,900 4,250
Debtors 6 677,014 269,205
Cash at bank and in hand 69,068 26,705
752,982 300,160
CREDITORS
Amounts falling due within one year 7 711,330 752,456
NET CURRENT ASSETS/(LIABILITIES) 41,652 (452,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,705

(280,941

)

CREDITORS
Amounts falling due after more than one
year

8

(108,118

)

(113,962

)

PROVISIONS FOR LIABILITIES (9,288 ) -
NET ASSETS/(LIABILITIES) 58,299 (394,903 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 58,296 (394,906 )
58,299 (394,903 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Climatech Ltd (Registered number: 08265895)

Balance Sheet - continued
28 September 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





R K P Lilly - Director


Climatech Ltd (Registered number: 08265895)

Notes to the Financial Statements
for the Year Ended 28 September 2023

1. STATUTORY INFORMATION

Climatech Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

These accounts represent the company as an individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% - 20% on reducing balance
Fixtures and fittings - 10% - 20% on reducing balance
Motor vehicles - 10% - 20% on reducing balance and Depreciated over the period of the lease
Computer equipment - 10% - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Climatech Ltd (Registered number: 08265895)

Notes to the Financial Statements - continued
for the Year Ended 28 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements through continued support of it's external finance provider's and parent company.
The directors consider it is appropriate to prepare the financial statements on a going concern basis as they
expect the company to be able to continue to trade within the facility made available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 September 2022
and 28 September 2023 257,253
AMORTISATION
At 29 September 2022 152,486
Charge for year 22,984
At 28 September 2023 175,470
NET BOOK VALUE
At 28 September 2023 81,783
At 28 September 2022 104,767

Climatech Ltd (Registered number: 08265895)

Notes to the Financial Statements - continued
for the Year Ended 28 September 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29 September 2022 13,325 1,620 102,051 9,158 126,154
Additions 3,474 - - 1,053 4,527
At 28 September 2023 16,799 1,620 102,051 10,211 130,681
DEPRECIATION
At 29 September 2022 5,283 824 50,446 3,013 59,566
Charge for year 2,052 143 15,462 1,188 18,845
At 28 September 2023 7,335 967 65,908 4,201 78,411
NET BOOK VALUE
At 28 September 2023 9,464 653 36,143 6,010 52,270
At 28 September 2022 8,042 796 51,605 6,145 66,588

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 29 September 2022
and 28 September 2023 102,051
DEPRECIATION
At 29 September 2022 50,446
Charge for year 15,462
At 28 September 2023 65,908
NET BOOK VALUE
At 28 September 2023 36,143
At 28 September 2022 51,605

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.23 28.9.22
£    £   
Trade debtors 568,662 236,391
Amounts owed by group undertakings 92,533 20,195
Other debtors 15,819 12,619
677,014 269,205

Climatech Ltd (Registered number: 08265895)

Notes to the Financial Statements - continued
for the Year Ended 28 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.23 28.9.22
£    £   
Bank loans and overdrafts 17,237 15,953
Hire purchase contracts and finance leases 9,413 17,914
Trade creditors 217,900 190,217
Taxation and social security 224,643 284,922
Other creditors 242,137 243,450
711,330 752,456

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.9.23 28.9.22
£    £   
Bank loans 69,761 74,192
Hire purchase contracts and finance leases 38,357 39,770
108,118 113,962

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,952 2,842

9. SECURED DEBTS

The following secured debts are included within creditors:

28.9.23 28.9.22
£    £   
Hire purchase contracts and finance leases 47,770 57,684
Hire purchase - 63,331
47,770 121,015

Climatech Ltd

Report of the Accountants to the Directors of
Climatech Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 September 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................