Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02907686 V R Barlow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02907686 2023-03-31 02907686 2024-03-31 02907686 2023-04-01 2024-03-31 02907686 frs-core:CurrentFinancialInstruments 2024-03-31 02907686 frs-core:Non-currentFinancialInstruments 2024-03-31 02907686 frs-core:BetweenOneFiveYears 2024-03-31 02907686 frs-core:MotorVehicles 2024-03-31 02907686 frs-core:MotorVehicles 2023-04-01 2024-03-31 02907686 frs-core:MotorVehicles 2023-03-31 02907686 frs-core:PlantMachinery 2024-03-31 02907686 frs-core:PlantMachinery 2023-04-01 2024-03-31 02907686 frs-core:PlantMachinery 2023-03-31 02907686 frs-core:WithinOneYear 2024-03-31 02907686 frs-core:ShareCapital 2024-03-31 02907686 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02907686 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02907686 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02907686 frs-bus:SmallEntities 2023-04-01 2024-03-31 02907686 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02907686 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02907686 frs-bus:Director1 2023-04-01 2024-03-31 02907686 frs-countries:EnglandWales 2023-04-01 2024-03-31 02907686 2022-03-31 02907686 2023-03-31 02907686 2022-04-01 2023-03-31 02907686 frs-core:CurrentFinancialInstruments 2023-03-31 02907686 frs-core:Non-currentFinancialInstruments 2023-03-31 02907686 frs-core:BetweenOneFiveYears 2023-03-31 02907686 frs-core:WithinOneYear 2023-03-31 02907686 frs-core:ShareCapital 2023-03-31 02907686 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02907686
Climatised Coatings (U.K.) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02907686
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,675 48,089
45,675 48,089
CURRENT ASSETS
Stocks 5 9,600 16,900
Debtors 6 24,138 3,060
33,738 19,960
Creditors: Amounts Falling Due Within One Year 7 (89,980 ) (133,749 )
NET CURRENT ASSETS (LIABILITIES) (56,242 ) (113,789 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,567 ) (65,700 )
Creditors: Amounts Falling Due After More Than One Year 8 (42,551 ) (41,308 )
NET LIABILITIES (53,118 ) (107,008 )
CAPITAL AND RESERVES
Called up share capital 11 50,002 50,002
Profit and Loss Account (103,120 ) (157,010 )
SHAREHOLDERS' FUNDS (53,118) (107,008)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
V R Barlow
Director
12 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Climatised Coatings (U.K.) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02907686 . The registered office is 45 City Road, Chester, CH1 3AE.
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.
The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. As the director will continue to make funds available to the company in future, he believes that the going concern basis is appropriate for these financial statements.
2.3. 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 the rendering of exterior wall coating 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.
2.4. 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 20% Straight line
Motor Vehicles 20% Reducing balance
2.5. 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.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 5,002 58,742 63,744
Additions 3,388 51,573 54,961
Disposals (1,201 ) (58,742 ) (59,943 )
As at 31 March 2024 7,189 51,573 58,762
Depreciation
As at 1 April 2023 2,525 13,130 15,655
Provided during the period 1,440 10,314 11,754
Disposals (1,192 ) (13,130 ) (14,322 )
As at 31 March 2024 2,773 10,314 13,087
Net Book Value
As at 31 March 2024 4,416 41,259 45,675
As at 1 April 2023 2,477 45,612 48,089
5. Stocks
2024 2023
£ £
Stock 9,600 16,900
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,000 2,000
Other debtors 138 1,060
24,138 3,060
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,966 6,932
Trade creditors 64,618 4,557
Bank loans and overdrafts 9,301 28,039
Other creditors 5,751 94,212
Taxation and social security 2,344 9
89,980 133,749
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,306 30,016
Bank loans 6,245 11,292
42,551 41,308
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured over the assets to which they relate.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,272 36,948
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,966 6,932
Later than one year and not later than five years 36,306 30,016
44,272 36,948
44,272 36,948
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,002 50,002
12. Related Party Transactions
The director has gifted the balance of the director's loan at 31 March 2024 to the company, leaving the closing balance at £Nil. (2023 - £90,554) 
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