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REGISTERED NUMBER: 14287639 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

CLIMATE ALIGNED COMPANY LTD

CLIMATE ALIGNED COMPANY LTD (REGISTERED NUMBER: 14287639)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLIMATE ALIGNED COMPANY LTD

Company Information
for the year ended 31 August 2024







Directors: H M A Lindvall
K H E Tukiainen
A Tukiainen





Registered office: Exchange House
12 Primrose Street, London,
England,
EC2A 2EG





Registered number: 14287639 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

CLIMATE ALIGNED COMPANY LTD (REGISTERED NUMBER: 14287639)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 10,249 6,696

Current assets
Debtors 5 143,372 3,234
Cash at bank 821,647 1,220,385
965,019 1,223,619
Creditors
Amounts falling due within one year 6 31,817 11,080
Net current assets 933,202 1,212,539
Total assets less current liabilities 943,451 1,219,235

Creditors
Amounts falling due after more than one
year

7

500,015

-
Net assets 443,436 1,219,235

Capital and reserves
Called up share capital 121 121
Share premium 1,447,962 1,447,962
Retained earnings (1,004,647 ) (228,848 )
Shareholders' funds 443,436 1,219,235

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

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

CLIMATE ALIGNED COMPANY LTD (REGISTERED NUMBER: 14287639)

Statement of Financial Position - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





A Tukiainen - Director


CLIMATE ALIGNED COMPANY LTD (REGISTERED NUMBER: 14287639)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

Climate Aligned Company 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.

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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 years on straight line basis

CLIMATE ALIGNED COMPANY LTD (REGISTERED NUMBER: 14287639)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. 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.

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.

Going concern
The financial statements have been prepared on the going concern basis. The company has incurred losses during the year however the directors have agreed to support the company with funding as and when required. On this basis, the directors are therefore of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 3 ) .

CLIMATE ALIGNED COMPANY LTD (REGISTERED NUMBER: 14287639)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 September 2023 7,622
Additions 8,004
At 31 August 2024 15,626
Depreciation
At 1 September 2023 926
Charge for year 4,451
At 31 August 2024 5,377
Net book value
At 31 August 2024 10,249
At 31 August 2023 6,696

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 143,372 3,234

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 18,078 53
Other creditors 13,739 11,027
31,817 11,080

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Trade creditors 500,015 -

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year - 2,500

CLIMATE ALIGNED COMPANY LTD (REGISTERED NUMBER: 14287639)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


9. Related party disclosures

During the year the company enterted into a convertible loan agreement with Pale Blue Dot Investments Ab (a company controlled by a director of the company): £500,015 (2023: £0). The amount is included within other creditors. The loan is unsecured, interest-free, and repayable on demand.