Company registration number 08513134 (England and Wales)
CLICK-PLM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
CLICK-PLM LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CLICK-PLM LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,648
9,049
Current assets
Debtors
4
364,671
251,084
Cash at bank and in hand
40,341
40,238
405,012
291,322
Creditors: amounts falling due within one year
5
(211,889)
(211,982)
Net current assets
193,123
79,340
Total assets less current liabilities
221,771
88,389
Creditors: amounts falling due after more than one year
6
(31,080)
(41,289)
Provisions for liabilities
(5,443)
(1,719)
Net assets
185,248
45,381
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
185,148
45,281
Total equity
185,248
45,381

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

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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.

CLICK-PLM LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 January 2024 and are signed on its behalf by:
Mr J Davies
Director
Company Registration No. 08513134
CLICK-PLM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Click-PLM Limited is a private company limited by shares incorporated in England and Wales. The registered office is 96 Tolworth Park Road, Tolworth, Surrey, England, KT6 7RH.

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.

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 or valuation of assets less their residual values over their useful lives on the following bases:

IT assets
25% straight line
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication of an impairment loss, and provision made if required.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.7
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 less claims for enhanced research and development expenditure.

CLICK-PLM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
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.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
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.

2
Employees

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

2023
2022
Number
Number
Total
12
14
3
Tangible fixed assets
IT assets
£
Cost
At 1 April 2022
25,469
Additions
27,274
At 31 March 2023
52,743
Depreciation and impairment
At 1 April 2022
16,420
Depreciation charged in the year
7,675
At 31 March 2023
24,095
Carrying amount
At 31 March 2023
28,648
At 31 March 2022
9,049
CLICK-PLM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
273,246
225,351
Corporation tax recoverable
83,831
15,000
Other debtors
7,594
10,733
364,671
251,084
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,603
8,711
Trade creditors
728
5,040
Other taxation and social security
61,404
91,189
Deferred income
93,334
101,788
Other creditors
46,820
5,254
211,889
211,982
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
31,080
41,289

Included within creditors is a loan granted under the Bounce Back Loan Scheme of £40,683 (2022 - £50,000). The loan is repayable over 72 months and carries interest at 2.5% per annum.

 

The loan is fully secured by the UK Government.

7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100

The shares carry full voting rights, rights to dividends and capital on a winding up of the company.

CLICK-PLM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
22,721
34,082
9
Related party transactions
Transactions with related parties

During the prior year the company charged database related services to Ashbury Labelling Limited of £96,349. At the prior year balance sheet date the net amount due from Ashbury Labelling Limited was £2,422.

 

During the prior year the company charged computer portal related services to Ashbury Educational Services Limited of £105,927. At the prior year balance sheet date the company was owed £18,268 by Ashbury Educational Services Limited.

 

Ashbury Labelling Limited and Ashbury Educational Services Limited were under the common control of the directors up to 5 October 2021, when the current directors ceased to have an interest in those companies.

10
Directors' transactions

Dividends totalling £16,000 (2022 - £17,500) were paid in the year in respect of shares held by the company's directors.

Included within other creditors are amounts due to a director, Mr Justin Davies, of £45,000 (2022 - £Nil). The loan is interest free and unsecured.

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