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REGISTERED NUMBER: 07342539 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CLIMR Limited

CLIMR Limited (Registered number: 07342539)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CLIMR Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr I M Ryden
Mrs C L Ryden





REGISTERED OFFICE: 479a Wellingborough Road
Northampton
Northamptonshire
NN3 3HN





REGISTERED NUMBER: 07342539 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

CLIMR Limited (Registered number: 07342539)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216 517

CURRENT ASSETS
Debtors 5 2,009 26,263
Cash at bank 33,879 70,688
35,888 96,951
CREDITORS
Amounts falling due within one year 6 8,082 27,657
NET CURRENT ASSETS 27,806 69,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,022

69,811

CREDITORS
Amounts falling due after more than one
year

7

4,374

7,994
NET ASSETS 23,648 61,817

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 23,548 61,717
SHAREHOLDERS' FUNDS 23,648 61,817

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

CLIMR Limited (Registered number: 07342539)

Balance Sheet - continued
31 March 2024


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 10 October 2024 and were signed on its behalf by:





Mr I M Ryden - Director


CLIMR Limited (Registered number: 07342539)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

CLIMR 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.

The financial statements are presented in Sterling (£) and cover the period to the 31st March each year.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the invoiced amount of services provided stated net of value added tax. The turnover and pre tax profit is wholly attributable to the operating activities of the company. Turnover is recognised upon evidence of the service being provided.

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

Taxation
Taxation for the year 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 year 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.

CLIMR Limited (Registered number: 07342539)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair
value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the assets. Where Grants are received or receivable with no performance related conditions they are recognised immediately to income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 6,444
DEPRECIATION
At 1 April 2023 5,927
Charge for year 301
At 31 March 2024 6,228
NET BOOK VALUE
At 31 March 2024 216
At 31 March 2023 517

CLIMR Limited (Registered number: 07342539)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,889 26,263
Other debtors 120 -
2,009 26,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,567 3,469
Taxation and social security - 18,587
Other creditors 4,515 5,601
8,082 27,657

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,374 7,994

8. FINANCIAL RISK MANAGEMENT

The company has some exposure to foreign currency, credit, liquidity and market risks. These risks are limited by the company's financial management policies and practices described below.

Foreign currency risk
Some of the companies sales are denominated in dollars, and so the company is exposed to foreign currency fluctuations. The company does have the option of invoicing in other currencies, but dollars is the most stable option available.

Credit risk
The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage, this is less of a risk given the types of clients being invoiced, but in certain circumstances, outside of the companies ability to influence, there is risk that payment may not be forthcoming.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities.

Market risk
There is a market risk associated with the fluctuation in demand for the services provided. Most of this is mitigated by monitoring the market for the services provided, but ultimately as the skills the company offers are cross borders, a more desirable market for the services can be found if required.

The company holds no derivative financial instruments at the year end.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

CLIMR Limited (Registered number: 07342539)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the persons with significant control £3,331 (2023 - £4,462). No interest is accruing and the amount was repayable on demand and therefore analysed as a creditor less than one year.