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REGISTERED NUMBER: 02386041 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

CLIPTECH LIMITED

CLIPTECH LIMITED (REGISTERED NUMBER: 02386041)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLIPTECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2025







DIRECTORS: RC Wakefield
Mrs J Wakefield





REGISTERED OFFICE: Wiltshire House
Laughton Common Road
Thurcroft
Rotherham
South Yorkshire
S66 9BN





REGISTERED NUMBER: 02386041 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

CLIPTECH LIMITED (REGISTERED NUMBER: 02386041)

BALANCE SHEET
31 MAY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,234 246,423

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 101,062 39,507
Cash at bank 380,507 166,971
486,569 211,478
CREDITORS
Amounts falling due within one year 7 192,077 98,420
NET CURRENT ASSETS 294,492 113,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,726

359,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 522,626 359,381
SHAREHOLDERS' FUNDS 522,726 359,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 22 July 2025 and were signed on its behalf by:





RC Wakefield - Director


CLIPTECH LIMITED (REGISTERED NUMBER: 02386041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025


1. STATUTORY INFORMATION

Cliptech 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

CLIPTECH LIMITED (REGISTERED NUMBER: 02386041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2024 139,000 24,261 16,209 220,793 400,263
Additions - 16,135 947 - 17,082
At 31 May 2025 139,000 40,396 17,156 220,793 417,345
DEPRECIATION
At 1 June 2024 13,355 18,909 10,834 110,742 153,840
Charge for year 2,513 4,297 949 27,512 35,271
At 31 May 2025 15,868 23,206 11,783 138,254 189,111
NET BOOK VALUE
At 31 May 2025 123,132 17,190 5,373 82,539 228,234
At 31 May 2024 125,645 5,352 5,375 110,051 246,423

5. STOCKS
2025 2024
£    £   
Work-in-progress 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 99,209 10,989
Other debtors 1,853 28,518
101,062 39,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 5,643 14,373
Taxation and social security 49,605 15,848
Other creditors 136,829 68,199
192,077 98,420

CLIPTECH LIMITED (REGISTERED NUMBER: 02386041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to a director in the sum of £116,829 (2024: £48,175). The transactions during the year consisted of introductions on £123,800 as against withdrawals of £55,146.

There are no formal repayment terms attached to this loan and interest is not being charged.