IRIS Accounts Production v24.3.2.46 10781604 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107816042023-05-31107816042024-05-31107816042023-06-012024-05-31107816042022-05-31107816042022-06-012023-05-31107816042023-05-3110781604ns15:EnglandWales2023-06-012024-05-3110781604ns14:PoundSterling2023-06-012024-05-3110781604ns10:Director12023-06-012024-05-3110781604ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110781604ns10:SmallEntities2023-06-012024-05-3110781604ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110781604ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110781604ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110781604ns10:FullAccounts2023-06-012024-05-3110781604ns10:Director22023-06-012024-05-3110781604ns10:RegisteredOffice2023-06-012024-05-3110781604ns5:CurrentFinancialInstruments2024-05-3110781604ns5:CurrentFinancialInstruments2023-05-3110781604ns5:Non-currentFinancialInstruments2024-05-3110781604ns5:Non-currentFinancialInstruments2023-05-3110781604ns5:ShareCapital2024-05-3110781604ns5:ShareCapital2023-05-3110781604ns5:RetainedEarningsAccumulatedLosses2024-05-3110781604ns5:RetainedEarningsAccumulatedLosses2023-05-3110781604ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-012024-05-3110781604ns5:PlantMachinery2023-06-012024-05-3110781604ns5:FurnitureFittings2023-06-012024-05-3110781604ns5:MotorVehicles2023-06-012024-05-3110781604ns5:LandBuildings2023-05-3110781604ns5:PlantMachinery2023-05-3110781604ns5:LandBuildings2023-06-012024-05-3110781604ns5:LandBuildings2024-05-3110781604ns5:PlantMachinery2024-05-3110781604ns5:LandBuildings2023-05-3110781604ns5:PlantMachinery2023-05-3110781604ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110781604ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 10781604 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Clb Ventures Ltd

Clb Ventures Ltd (Registered number: 10781604)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clb Ventures Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C E Boon
L K Boon





REGISTERED OFFICE: Unit 5 Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR





REGISTERED NUMBER: 10781604 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Clb Ventures Ltd (Registered number: 10781604)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,694 133,271

CURRENT ASSETS
Stocks 4,295 5,585
Debtors 5 464,895 336,814
Cash at bank and in hand 194,085 355,432
663,275 697,831
CREDITORS
Amounts falling due within one year 6 253,290 319,012
NET CURRENT ASSETS 409,985 378,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,679

512,090

CREDITORS
Amounts falling due after more than one year 7 (2,169 ) (8,407 )

PROVISIONS FOR LIABILITIES (21,032 ) (25,322 )
NET ASSETS 497,478 478,361

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 497,378 478,261
497,478 478,361

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Clb Ventures Ltd (Registered number: 10781604)

Balance Sheet - continued
31 May 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 13 January 2025 and were signed on its behalf by:





L K Boon - Director


Clb Ventures Ltd (Registered number: 10781604)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Clb Ventures Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 38 ) .

Clb Ventures Ltd (Registered number: 10781604)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 27,453 200,904 228,357
Additions - 445 445
At 31 May 2024 27,453 201,349 228,802
DEPRECIATION
At 1 June 2023 15,452 79,634 95,086
Charge for year 2,745 20,277 23,022
At 31 May 2024 18,197 99,911 118,108
NET BOOK VALUE
At 31 May 2024 9,256 101,438 110,694
At 31 May 2023 12,001 121,270 133,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 19,314 21,082
Amounts owed by group undertakings 441,526 190,786
Other debtors 4,055 124,946
464,895 336,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 6,237 6,237
Trade creditors 28,967 109,309
Taxation and social security 216,201 200,805
Other creditors 1,885 2,661
253,290 319,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 2,169 8,407