Registered number
13449632
Klimatech Controlling Your Environment Ltd
Filleted Accounts
30 June 2024
Klimatech Controlling Your Environment Ltd
Registered number: 13449632
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 157,594 180,107
Tangible assets 4 251,269 192,282
408,863 372,389
Current assets
Stocks 12,800 12,800
Debtors 5 283,106 417,077
Cash at bank and in hand 186,093 157,170
481,999 587,047
Creditors: amounts falling due within one year 6 (342,358) (518,093)
Net current assets 139,641 68,954
Total assets less current liabilities 548,504 441,343
Creditors: amounts falling due after more than one year 7 (273,300) (250,833)
Net assets 275,204 190,510
Capital and reserves
Called up share capital 100 100
Profit and loss account 275,104 190,410
Shareholders' funds 275,204 190,510
The director is 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 director acknowledges his 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 and delivered 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.
Colin Partridge
Director
Approved by the board on 28 October 2024
Klimatech Controlling Your Environment Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
IT Equipment over 3 years
Plant and machinery over 4 years
Fixtures and fittings over 10 years
Motor Vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice 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 (which is usually the invoice 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 2024 2023
Number Number
Average number of persons employed by the company 15 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 225,134
At 30 June 2024 225,134
Amortisation
At 1 July 2023 45,027
Provided during the year 22,513
At 30 June 2024 67,540
Net book value
At 30 June 2024 157,594
At 30 June 2023 180,107
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 143,907 57,599 99,765 301,271
Additions - 38,340 100,812 139,152
At 30 June 2024 143,907 95,939 200,577 440,423
Depreciation
At 1 July 2023 32,709 35,961 40,319 108,989
Charge for the year 14,391 19,298 46,476 80,165
At 30 June 2024 47,100 55,259 86,795 189,154
Net book value
At 30 June 2024 96,807 40,680 113,782 251,269
At 30 June 2023 111,198 21,638 59,446 192,282
5 Debtors 2024 2023
£ £
Trade debtors 259,433 399,683
Other debtors 23,673 17,394
283,106 417,077
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 10,318 -
Trade creditors 52,447 101,875
Taxation and social security costs 147,741 161,681
Other creditors 131,852 254,537
342,358 518,093
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 57,467 -
Other creditors 215,833 250,833
273,300 250,833
8 Other information
Klimatech Controlling Your Environment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11c Alma Road
Snettisham
Norfolk
PE31 7NY
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