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REGISTERED NUMBER: 03252430 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CLIMB LIMITED
TRADING AS
ROCK + RUN

CLIMB LIMITED (REGISTERED NUMBER: 03252430)
TRADING AS ROCK + RUN






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CLIMB LIMITED
TRADING AS ROCK + RUN

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr A W Hyslop



SECRETARY: Mrs P M Hyslop



REGISTERED OFFICE: Unit 6
Shore Line Business Park
Sandside
Milnthorpe
Cumbria
LA7 7BF



REGISTERED NUMBER: 03252430 (England and Wales)



BANKERS: Cumberland Building Society
Cumberland House
Cooper Way
Carlisle
Cumbria
CA3 0JF

CLIMB LIMITED (REGISTERED NUMBER: 03252430)
TRADING AS ROCK + RUN

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 484,941 499,074

CURRENT ASSETS
Stocks 577,360 511,590
Debtors 16,208 6,954
Investments 5,384 3,950
Cash at bank and in hand 527,732 654,748
1,126,684 1,177,242
CREDITORS
Amounts falling due within one year 348,846 402,467
NET CURRENT ASSETS 777,838 774,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,262,779

1,273,849

CREDITORS
Amounts falling due after more than one
year

-

65,907
NET ASSETS 1,262,779 1,207,942

CAPITAL AND RESERVES
Called up share capital 6 10,007 10,007
Capital redemption reserve 100,000 100,000
Retained earnings 1,152,772 1,097,935
SHAREHOLDERS' FUNDS 1,262,779 1,207,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CLIMB LIMITED (REGISTERED NUMBER: 03252430)
TRADING AS ROCK + RUN

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 February 2025 and were signed by:





Mr A W Hyslop - Director


CLIMB LIMITED (REGISTERED NUMBER: 03252430)
TRADING AS ROCK + RUN

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Climb 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding VAT.

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 - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2023 - 10 ) .

CLIMB LIMITED (REGISTERED NUMBER: 03252430)
TRADING AS ROCK + RUN

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 639,247
Additions 3,738
At 30 September 2024 642,985
DEPRECIATION
At 1 October 2023 140,173
Charge for year 17,871
At 30 September 2024 158,044
NET BOOK VALUE
At 30 September 2024 484,941
At 30 September 2023 499,074

5. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank Loan 65,907 128,607

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 31.09.20 30.09.19
value: £ £
10,000 B ordinary £1 10,000 10,000
1 A Dividend £1 1 1
1 B Dividend £1 1 1
1 C Dividend £1 1 1
1 D Dividend £1 1 1
1 E Dividend £1 1 1
1 F Dividend £1 1 1
1 G Dividend £1 1 1
10,007 10,007

7. RELATED PARTY DISCLOSURES

At 30 September 2024 Mr & Mrs A W Hyslop, shareholders of the company, had on an unsecured interest free basis advanced £48,509 to the company.

(Prior year £111,061)