iClima Earth Ltd |
Registered number: |
12292575 |
Statement of Financial Position |
as at 3 September 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Intangible assets |
3 |
|
|
- |
|
|
19,337 |
|
Current assets |
Debtors |
4 |
|
27,009 |
|
|
4,513 |
Cash at bank and in hand |
|
|
15,456 |
|
|
45,719 |
|
|
|
42,465 |
|
|
50,232 |
|
Creditors: amounts falling due within one year |
5 |
|
(31,357) |
|
|
(4,133) |
|
Net current assets |
|
|
|
11,108 |
|
|
46,100 |
|
Net assets |
|
|
|
11,108 |
|
|
65,436 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
58,306 |
|
|
58,306 |
Share premium |
|
|
|
1,188,918 |
|
|
1,188,918 |
Profit and loss account |
|
|
|
(1,236,116) |
|
|
(1,181,788) |
|
Shareholders' funds |
|
|
|
11,108 |
|
|
65,436 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their 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 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. |
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|
|
|
Mrs S K Leekha |
Director |
Approved by the board on 25 November 2024 |
|
iClima Earth Ltd |
Notes to the Accounts |
for the period from 1 November 2023 to 3 September 2024 |
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|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland. |
|
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Going concern |
|
The company ceased trading on 3 September 2024 and the financial statements have been prepared on a basis other than the going concern basis. This basis includes, where applicable, writing down the company’s assets to net realisable value. No provision has been made for future costs of terminating the business unless such costs were committed at the reporting date. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services and is recognised by reference to the stage of completion of contracts. 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value and impairment losses are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction 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. 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
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. |
|
|
|
2 |
Employees and directors |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Website and Trade Marks: |
|
|
Cost |
|
At 1 November 2023 |
42,642 |
|
On disposals |
(42,642) |
|
At 3 September 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2023 |
23,305 |
|
On disposals |
(23,305) |
|
At 3 September 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 3 September 2024 |
- |
|
At 31 October 2023 |
19,337 |
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
5,584 |
|
1,458 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
1,806 |
|
Other debtors |
21,425 |
|
1,248 |
|
|
|
|
|
|
27,009 |
|
4,513 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
- |
|
197 |
|
Accruals |
30,095 |
|
910 |
|
Other taxes and social security costs |
105 |
|
2,504 |
|
Other creditors |
1,157 |
|
521 |
|
|
|
|
|
|
31,357 |
|
4,133 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
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iClima Earth Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
269 Farnborough Road |
|
Farnborough |
|
Hampshire |
|
GU14 7LY |