Registered number
08574672
Climate Law and Policy Limited
Unaudited Filleted Accounts
31 March 2024
Climate Law and Policy Limited
Registered number: 08574672
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 249 2,156
Current assets
Debtors 4 36,988 (8,017)
Cash at bank and in hand 163,360 104,724
200,348 96,707
Creditors: amounts falling due within one year 5 (153,623) (61,672)
Net current assets 46,725 35,035
Net assets 46,974 37,191
Capital and reserves
Called up share capital 1 1
Profit and loss account 46,973 37,190
Shareholder's funds 46,974 37,191
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Daniela Rey-Christen
Director
Approved by the board on 16 August 2024
Climate Law and Policy Limited
Notes to the Accounts
for the year ended 31 March 2024
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 etc 4 years straight line
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 20,386
At 31 March 2024 20,386
Depreciation
At 1 April 2023 18,230
Charge for the year 1,907
At 31 March 2024 20,137
Net book value
At 31 March 2024 249
At 31 March 2023 2,156
4 Debtors 2024 2023
£ £
Trade debtors 35,656 (9,880)
Other debtors 1,332 1,863
36,988 (8,017)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 15,556
Taxation and social security costs 83,859 7,026
Other creditors 69,764 39,090
153,623 61,672
6 Other information
Climate Law and Policy Limited is a private company limited by shares and incorporated in England. Its registered office is:
54 Warwick Street
Oxford
OX4 1SX
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