IRIS Accounts Production v24.3.0.553 09770095 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097700952023-02-28097700952024-02-29097700952023-03-012024-02-29097700952022-02-28097700952022-03-012023-02-28097700952023-02-2809770095ns15:EnglandWales2023-03-012024-02-2909770095ns14:PoundSterling2023-03-012024-02-2909770095ns10:Director12023-03-012024-02-2909770095ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2909770095ns10:SmallEntities2023-03-012024-02-2909770095ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2909770095ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2909770095ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2909770095ns10:FullAccounts2023-03-012024-02-290977009512023-03-012024-02-2909770095ns10:OrdinaryShareClass12023-03-012024-02-2909770095ns10:OrdinaryShareClass22023-03-012024-02-2909770095ns10:Director22023-03-012024-02-2909770095ns10:RegisteredOffice2023-03-012024-02-2909770095ns5:CurrentFinancialInstruments2024-02-2909770095ns5:CurrentFinancialInstruments2023-02-2809770095ns5:ShareCapital2024-02-2909770095ns5:ShareCapital2023-02-2809770095ns5:RetainedEarningsAccumulatedLosses2024-02-2909770095ns5:RetainedEarningsAccumulatedLosses2023-02-2809770095ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-02-2909770095ns5:FurnitureFittings2023-03-012024-02-2909770095ns5:ComputerEquipment2023-03-012024-02-2909770095ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2909770095ns5:IntangibleAssetsOtherThanGoodwill2024-02-2909770095ns5:FurnitureFittings2023-02-2809770095ns5:ComputerEquipment2023-02-2809770095ns5:FurnitureFittings2024-02-2909770095ns5:ComputerEquipment2024-02-2909770095ns5:FurnitureFittings2023-02-2809770095ns5:ComputerEquipment2023-02-2809770095ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-02-2809770095ns5:AdditionsToInvestmentsns5:UnlistedNon-exchangeTraded2024-02-2909770095ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-02-2909770095ns5:UnlistedNon-exchangeTraded2024-02-2909770095ns5:UnlistedNon-exchangeTraded2023-02-2809770095ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2909770095ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2809770095ns10:OrdinaryShareClass12024-02-2909770095ns10:OrdinaryShareClass22024-02-29097700951ns10:Director12023-02-28097700951ns10:Director12022-02-28097700951ns10:Director12023-03-012024-02-29097700951ns10:Director12022-03-012023-02-28097700951ns10:Director12024-02-29097700951ns10:Director12023-02-28
REGISTERED NUMBER: 09770095 (England and Wales)









CLICFLUX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLICFLUX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S Cotton
D R Cotton





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 09770095 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 331,292 -
Tangible assets 5 4,158 3,695
Investments 6 75,350 62,403
410,800 66,098

CURRENT ASSETS
Debtors 7 75,595 40,391
Cash at bank 30,446 405,907
106,041 446,298
CREDITORS
Amounts falling due within one year 8 120,194 120,615
NET CURRENT (LIABILITIES)/ASSETS (14,153 ) 325,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,647

391,781

PROVISIONS FOR LIABILITIES 37,113 702
NET ASSETS 359,534 391,079

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 359,434 390,979
SHAREHOLDERS' FUNDS 359,534 391,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





S Cotton - Director


CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

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

1. STATUTORY INFORMATION

Clicflux 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 as modified by the revaluation of certain assets.

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 fixed assets
Intangible assets are initially measured at cost. After initial recognition, the assets are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other 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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Fixed asset investments
Fixed asset investments are initially measured at cost. After initial recognition, the assets are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
Additions 187,000
Revaluations 144,292
At 29 February 2024 331,292
NET BOOK VALUE
At 29 February 2024 331,292

Cost or valuation at 29 February 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2024 144,292
Cost 187,000
331,292

If digital assets had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 187,000 -

CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 2,039 4,568 6,607
Additions - 2,682 2,682
At 29 February 2024 2,039 7,250 9,289
DEPRECIATION
At 1 March 2023 616 2,296 2,912
Charge for year 408 1,811 2,219
At 29 February 2024 1,024 4,107 5,131
NET BOOK VALUE
At 29 February 2024 1,015 3,143 4,158
At 28 February 2023 1,423 2,272 3,695

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 62,403
Additions 12,947
At 29 February 2024 75,350
NET BOOK VALUE
At 29 February 2024 75,350
At 28 February 2023 62,403


Market value of listed investments at 29 February 2024 - £ 75,350 .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,030 36,410
Other debtors 71,565 3,981
75,595 40,391

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 35,870 68,662
Other creditors 84,324 51,953
120,194 120,615

CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
S Cotton
Balance outstanding at start of year - 5,586
Amounts advanced 147,748 114,449
Amounts repaid (100,344 ) (120,035 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,404 -