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REGISTERED NUMBER: 13684721 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Celsius Innovations Limited

Celsius Innovations Limited (Registered number: 13684721)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Celsius Innovations Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr M Kryvian
A O'Donovan





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 13684721 (England and Wales)





ACCOUNTANTS: Reed & Co Accountants Limited
Marralomeda
Westward Road
Bristol
Avon
BS13 8DA

Celsius Innovations Limited (Registered number: 13684721)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,770 625

CURRENT ASSETS
Debtors 5 18,884 330
Cash at bank 204,415 160,928
223,299 161,258
CREDITORS
Amounts falling due within one year 6 29,042 25,643
NET CURRENT ASSETS 194,257 135,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,027

136,240

CAPITAL AND RESERVES
Called up share capital 7 304 233
Share premium 521,854 172,751
Retained earnings (326,131 ) (36,744 )
SHAREHOLDERS' FUNDS 196,027 136,240

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

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

Celsius Innovations Limited (Registered number: 13684721)

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





Mr M Kryvian - Director


Celsius Innovations Limited (Registered number: 13684721)

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

1. STATUTORY INFORMATION

Celsius Innovations 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.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Celsius Innovations Limited (Registered number: 13684721)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 833
Additions 1,805
At 31 December 2024 2,638
DEPRECIATION
At 1 January 2024 208
Charge for year 660
At 31 December 2024 868
NET BOOK VALUE
At 31 December 2024 1,770
At 31 December 2023 625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 18,884 330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 3,444 1,565
Other creditors 25,598 24,078
29,042 25,643

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
303,767 Ordinary shares 0.001 304 233

Celsius Innovations Limited (Registered number: 13684721)

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

7. CALLED UP SHARE CAPITAL - continued

70,846 Ordinary shares shares of 0.001 each were allotted as fully paid at a premium of 4.93 per share during the year.