Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 February 2022 false 1 January 2023 31 December 2023 31 December 2023 11151359 Mr David Blake Mr Thomas Wolsey true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11151359 2022-12-31 11151359 2023-12-31 11151359 2023-01-01 2023-12-31 11151359 frs-core:CurrentFinancialInstruments 2023-12-31 11151359 frs-core:Non-currentFinancialInstruments 2023-12-31 11151359 frs-core:BetweenOneFiveYears 2023-12-31 11151359 frs-core:PlantMachinery 2023-12-31 11151359 frs-core:PlantMachinery 2023-01-01 2023-12-31 11151359 frs-core:PlantMachinery 2022-12-31 11151359 frs-core:WithinOneYear 2023-12-31 11151359 frs-core:ShareCapital 2023-12-31 11151359 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11151359 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11151359 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11151359 frs-bus:SmallEntities 2023-01-01 2023-12-31 11151359 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11151359 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11151359 1 2023-01-01 2023-12-31 11151359 frs-bus:Director1 2023-01-01 2023-12-31 11151359 frs-bus:Director2 2023-01-01 2023-12-31 11151359 frs-countries:EnglandWales 2023-01-01 2023-12-31 11151359 2022-01-31 11151359 2022-12-31 11151359 2022-02-01 2022-12-31 11151359 frs-core:CurrentFinancialInstruments 2022-12-31 11151359 frs-core:Non-currentFinancialInstruments 2022-12-31 11151359 frs-core:BetweenOneFiveYears 2022-12-31 11151359 frs-core:WithinOneYear 2022-12-31 11151359 frs-core:ShareCapital 2022-12-31 11151359 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11151359
Climate17 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11151359
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,468 8,784
7,468 8,784
CURRENT ASSETS
Debtors 5 137,730 52,772
Cash at bank and in hand 30,774 116,317
168,504 169,089
Creditors: Amounts Falling Due Within One Year 6 (163,246 ) (143,503 )
NET CURRENT ASSETS (LIABILITIES) 5,258 25,586
TOTAL ASSETS LESS CURRENT LIABILITIES 12,726 34,370
Creditors: Amounts Falling Due After More Than One Year 7 - (24,944 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,867 ) (2,197 )
NET ASSETS 10,859 7,229
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 10,759 7,129
SHAREHOLDERS' FUNDS 10,859 7,229
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Blake
Director
20 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Climate17 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11151359 . The registered office is 1-2 Bank Parade, Bryant Road, Poole, Dorset, BH12 5DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 16)
20 16
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 17,390
Additions 899
As at 31 December 2023 18,289
Depreciation
As at 1 January 2023 8,606
Provided during the period 2,215
As at 31 December 2023 10,821
Net Book Value
As at 31 December 2023 7,468
As at 1 January 2023 8,784
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 123,900 41,112
Prepayments and accrued income 9,455 7,285
Other debtors 4,375 4,375
137,730 52,772
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6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Bank loans and overdrafts 3,327 8,156
Other taxes and social security 132,208 104,749
Other creditors 4,790 321
Accruals and deferred income 2,600 2,475
Amounts owed to parent undertaking 20,321 27,802
163,246 143,503
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans - 24,944
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
£ £
Not later than one year 34,876 34,876
Later than one year and not later than five years 17,500 52,376
52,376 87,252
10. Ultimate Parent Undertaking and Controlling Party
The company's parent company is Climate Holdings Ltd. The registered office is 1-2 Bank Parade, Bryant Road, Poole, Dorset, United Kingdom.
11. Comparative figures
The period ended 31st December 2022 consisted of a 11 month period, therefore comparative amounts are not entirely comparable with the current year. 
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