Climb and Bloom Ltd
Registered number: 08231123
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,100 1,803
Investments 4 109 -
5,209 1,803
Current assets
Debtors 5 4,513 12,900
Cash at bank and in hand 29,774 2,601
34,287 15,501
Creditors: amounts falling due within one year 6 (20,571) (233)
Net current assets 13,716 15,268
Net assets 18,925 17,071
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,825 16,971
Shareholders' funds 18,925 17,071
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.
A Slade
Director
Approved by the board on 21 February 2024
Climb and Bloom Ltd
Notes to the Accounts
for the year ended 30 September 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:
Plant and machinery over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 6,024
Additions 6,705
At 30 September 2023 12,729
Depreciation
At 1 October 2022 4,221
Charge for the year 3,408
At 30 September 2023 7,629
Net book value
At 30 September 2023 5,100
At 30 September 2022 1,803
4 Investments
Other
investments
£
Cost
Additions 100
Revaluation 9
At 30 September 2023 109
5 Debtors 2023 2022
£ £
Trade debtors - 10,800
Other debtors 4,513 2,100
4,513 12,900
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 17,041 (4,023)
Other creditors 3,530 4,256
20,571 233
7 Other information
Climb and Bloom Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bakery
90 Camden Road
Tunbridge Wells
Kent
TN1 2QP
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