Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falseNo description of principal activity2023-03-0133truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 9052289 2023-03-01 2024-02-29 9052289 2022-03-01 2023-02-28 9052289 2024-02-29 9052289 2023-02-28 9052289 c:Director2 2023-03-01 2024-02-29 9052289 d:PlantMachinery 2023-03-01 2024-02-29 9052289 d:PlantMachinery 2024-02-29 9052289 d:PlantMachinery 2023-02-28 9052289 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 9052289 d:MotorVehicles 2023-03-01 2024-02-29 9052289 d:MotorVehicles 2024-02-29 9052289 d:MotorVehicles 2023-02-28 9052289 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 9052289 d:FurnitureFittings 2023-03-01 2024-02-29 9052289 d:FurnitureFittings 2024-02-29 9052289 d:FurnitureFittings 2023-02-28 9052289 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 9052289 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 9052289 d:CurrentFinancialInstruments 2024-02-29 9052289 d:CurrentFinancialInstruments 2023-02-28 9052289 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 9052289 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 9052289 d:ShareCapital 2024-02-29 9052289 d:ShareCapital 2023-02-28 9052289 d:RetainedEarningsAccumulatedLosses 2024-02-29 9052289 d:RetainedEarningsAccumulatedLosses 2023-02-28 9052289 c:OrdinaryShareClass1 2023-03-01 2024-02-29 9052289 c:OrdinaryShareClass1 2024-02-29 9052289 c:OrdinaryShareClass1 2023-02-28 9052289 c:FRS102 2023-03-01 2024-02-29 9052289 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 9052289 c:FullAccounts 2023-03-01 2024-02-29 9052289 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 9052289 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 9052289 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 9052289 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 9052289









CLIMEMET LIMITED

FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024







































 
CLIMEMET LIMITED
REGISTERED NUMBER: 9052289

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,218
44,220

Current assets
  

Stocks
 5 
45,784
49,927

Debtors: amounts falling due within one year
 6 
4,503
99,010

Cash at bank and in hand
 7 
94,725
111,440

  
145,012
260,377

Creditors: amounts falling due within one year
 8 
(42,508)
(137,355)

Net current assets
  
 
 
102,504
 
 
123,022

Total assets less current liabilities
  
135,722
167,242

Provisions for liabilities
  

Deferred tax
 9 
(8,305)
(11,055)

Net assets
  
127,417
156,187


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
127,317
156,087

  
127,417
156,187


Page 1

 
CLIMEMET LIMITED
REGISTERED NUMBER: 9052289
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
I E Cunningham
Director

Date: 27 November 2024


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CLIMEMET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

ClimeMET Limited is a private company limited by shares and is incorporated in England and Wales. Company number 09052289.
The address of its registered office is Greenwood House, Greenwood Court, Skyliner Way, Bury St Edmunds, Suffolk, IP32 7GY.
The principal activity of the company is that of retailer of weather instrumentation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 3

 
CLIMEMET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either the straight line or reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
3 years Straight line
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
20% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CLIMEMET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
CLIMEMET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 March 2023
10,543
51,800
4,550
66,893



At 29 February 2024

10,543
51,800
4,550
66,893



Depreciation


At 1 March 2023
10,543
8,634
3,496
22,673


Charge for the year on owned assets
-
10,791
211
11,002



At 29 February 2024

10,543
19,425
3,707
33,675



Net book value



At 29 February 2024
-
32,375
843
33,218



At 28 February 2023
-
43,166
1,054
44,220


5.


Stocks

29 February
28 February
2024
2023
£
£

Raw materials and consumables
45,784
49,927


Page 6

 
CLIMEMET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
3,754
-

Prepayments and accrued income
749
99,010

4,503
99,010



7.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
94,725
111,440



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
542
819

Other taxation and social security
2,444
12,603

Other creditors
38,250
84,343

Accruals and deferred income
1,272
39,590

42,508
137,355


Page 7

 
CLIMEMET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Deferred taxation






2024


£






At beginning of year
(11,055)


Charged to profit or loss
2,750



At end of year
(8,305)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(8,305)
(11,055)

(8,305)
(11,055)


10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

During the year the company paid rent of £21,330 (2023 - £21,330) to a director.
 


12.


Controlling party

The company is under the control of the directors by virtue of their shareholdings.

 
Page 8