Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13107608 Mohammed Lukman Ahmed Kamil Wieslaw Kluza Paul Alfons Morgenthaler Ivan Markman Roni Harish Hiranand iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13107608 2023-12-31 13107608 2024-12-31 13107608 2024-01-01 2024-12-31 13107608 frs-core:CurrentFinancialInstruments 2024-12-31 13107608 frs-core:ComputerEquipment 2024-12-31 13107608 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13107608 frs-core:ComputerEquipment 2023-12-31 13107608 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13107608 frs-core:OtherResidualIntangibleAssets 2024-12-31 13107608 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 13107608 frs-core:OtherResidualIntangibleAssets 2023-12-31 13107608 frs-core:SharePremium 2024-12-31 13107608 frs-core:ShareCapital 2024-12-31 13107608 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13107608 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13107608 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13107608 frs-bus:SmallEntities 2024-01-01 2024-12-31 13107608 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13107608 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13107608 frs-bus:Director1 2024-01-01 2024-12-31 13107608 frs-bus:Director2 2024-01-01 2024-12-31 13107608 frs-bus:Director3 2024-01-01 2024-12-31 13107608 frs-bus:Director4 2024-01-01 2024-12-31 13107608 frs-bus:Director5 2024-01-01 2024-12-31 13107608 frs-countries:EnglandWales 2024-01-01 2024-12-31 13107608 2022-12-31 13107608 2023-12-31 13107608 2023-01-01 2023-12-31 13107608 frs-core:CurrentFinancialInstruments 2023-12-31 13107608 frs-core:SharePremium 2023-12-31 13107608 frs-core:ShareCapital 2023-12-31 13107608 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13107608
CLIMATE X LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
Fusion Accountants Ltd
ICAEW, ATT
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mohammed Lukman Ahmed
Kamil Wieslaw Kluza
Paul Alfons Morgenthaler
Ivan Markman
Roni Harish Hiranand
Company Number 13107608
Registered Office 166 Borough High Street Climate X Ltd
166 Borough High Street
London
SE1 1LB
Accountants Fusion Accountants Ltd
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
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Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of CLIMATE X LTD for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of CLIMATE X LTD for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of CLIMATE X LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of CLIMATE X LTD and state those matters that we have agreed to state to the directors of CLIMATE X LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CLIMATE X LTD and its directors, as a body, for our work or for this report.
It is your duty to ensure that CLIMATE X LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of CLIMATE X LTD . You consider that CLIMATE X LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of CLIMATE X LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28/04/2025
Fusion Accountants Ltd
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 2
Page 3
Balance Sheet
Registered number: 13107608
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,016 -
Tangible Assets 5 10,928 34,338
21,944 34,338
CURRENT ASSETS
Debtors 6 1,557,697 368,670
Cash at bank and in hand 4,375,548 1,431,629
5,933,245 1,800,299
Creditors: Amounts Falling Due Within One Year 7 (1,176,109 ) (4,228,786 )
NET CURRENT ASSETS (LIABILITIES) 4,757,136 (2,428,487 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,779,080 (2,394,149 )
NET ASSETS/(LIABILITIES) 4,779,080 (2,394,149 )
CAPITAL AND RESERVES
Called up share capital 8 252 161
Share premium account 19,090,954 5,204,907
Profit and Loss Account (14,312,126 ) (7,599,217 )
SHAREHOLDERS' FUNDS 4,779,080 (2,394,149)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 28 April 2025 and were signed on its behalf by:
Kamil Wieslaw Kluza
Director
28/04/2025
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
CLIMATE X LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13107608 . The registered office is 166 Borough High Street Climate X Ltd, 166 Borough High Street, London, SE1 1LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
Monetary figures for this client's accounts will be reported in United Kingdom, Pounds sterling £.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortised over 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment depreciated on straight line method over 3 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 56 (2023: 41)
56 41
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 -
Additions 12,017
As at 31 December 2024 12,017
Amortisation
As at 1 January 2024 -
Provided during the period 1,001
As at 31 December 2024 1,001
Net Book Value
As at 31 December 2024 11,016
As at 1 January 2024 -
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 84,802
Additions 2,300
As at 31 December 2024 87,102
Depreciation
As at 1 January 2024 50,464
Provided during the period 25,710
As at 31 December 2024 76,174
Net Book Value
As at 31 December 2024 10,928
As at 1 January 2024 34,338
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 688,595 228,414
Other debtors 869,102 140,256
1,557,697 368,670
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 161,696 110,512
Bank loans and overdrafts 25,348 2,902
Other loans - 3,999,984
Other creditors 830,334 21,296
Taxation and social security 158,731 94,092
1,176,109 4,228,786
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 252 161
1008624 Ordinary shares of £0.00025 each
9. Related Party Transactions
As of 31st December 2024, the other debtor includes a balance of £423,070.64 owed from companies under common control. The terms are interest-free and repayable on demand.
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