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REGISTERED NUMBER: 06023378 (England and Wales)












CLIP 'N CLIMB CRAWLEY LIMITED

Unaudited Financial Statements

for the Period

1 January 2023 to 31 March 2024






CLIP 'N CLIMB CRAWLEY LIMITED (REGISTERED NUMBER: 06023378)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLIP 'N CLIMB CRAWLEY LIMITED

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTORS: R J Cook
Mrs S H Cook





REGISTERED OFFICE: The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB





REGISTERED NUMBER: 06023378 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

CLIP 'N CLIMB CRAWLEY LIMITED (REGISTERED NUMBER: 06023378)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,000 -
Tangible assets 5 744,389 -
760,389 -

CURRENT ASSETS
Stocks 6 1,500 -
Debtors 7 86,194 -
Cash at bank and in hand 84,359 200
172,053 200
CREDITORS
Amounts falling due within one year 8 1,227,676 -
NET CURRENT (LIABILITIES)/ASSETS (1,055,623 ) 200
TOTAL ASSETS LESS CURRENT
LIABILITIES

(295,234

)

200

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 (295,434 ) -
SHAREHOLDERS' FUNDS (295,234 ) 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:



R J Cook - Director


CLIP 'N CLIMB CRAWLEY LIMITED (REGISTERED NUMBER: 06023378)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Clip 'N Climb Crawley Limited 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.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

CLIP 'N CLIMB CRAWLEY LIMITED (REGISTERED NUMBER: 06023378)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 20,000
At 31 March 2024 20,000
AMORTISATION
Amortisation for period 4,000
At 31 March 2024 4,000
NET BOOK VALUE
At 31 March 2024 16,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 987,604 4,914 992,518
At 31 March 2024 987,604 4,914 992,518
DEPRECIATION
Charge for period 246,901 1,228 248,129
At 31 March 2024 246,901 1,228 248,129
NET BOOK VALUE
At 31 March 2024 740,703 3,686 744,389

6. STOCKS
2024 2022
£    £   
Stocks 1,500 -

CLIP 'N CLIMB CRAWLEY LIMITED (REGISTERED NUMBER: 06023378)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,352 -
Other debtors 44,923 -
VAT 3,861 -
Prepayments and accrued income 36,058 -
86,194 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 119,989 -
Social security and other taxes 766 -
Other creditors 1,088,103 -
Directors' loan accounts 295 -
Accrued expenses 18,523 -
1,227,676 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary A £1 100 100
80 Ordinary B £1 80 100
20 Ordinary C £1 20 -
200 200

10. RESERVES
Retained
earnings
£   

Deficit for the period (295,434 )
At 31 March 2024 (295,434 )