REGISTERED NUMBER: 06023378 (England and Wales)

CLIP 'N CLIMB CRAWLEY LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Cook

Mrs S H Cook

REGISTERED OFFICE:

The Old Mill, Kings Mill

Kings Mill Lane

South Nutfield

Surrey

RH1 5NB

REGISTERED NUMBER:

06023378 (England and Wales)

ACCOUNTANTS:

The Bailey Partnership

Chartered Accountants

The Old Mill, Kings Mill

Kings Mill Lane

South Nutfield

Surrey

RH1 5NB

FIXED ASSETS

Intangible assets

4

12,000

16,000

Tangible assets

5

641,397

744,389

653,397

760,389

CURRENT ASSETS

Stocks

6

2,130

1,500

Debtors

7

98,507

86,194

Cash at bank and in hand

35,451

84,359

136,088

172,053

CREDITORS

Amounts falling due within one year

8

1,126,521

1,227,676

NET CURRENT LIABILITIES

(990,433

)

(1,055,623

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(337,036

)

(295,234

)

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

10

(337,236

)

(295,434

)

SHAREHOLDERS' FUNDS

(337,036

)

(295,234

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

R J Cook - Director

1.	STATUTORY INFORMATION

Clip 'N Climb Crawley 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Holiday pay

No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

4,000

Amortisation for year

4,000

At 31 March 2025

8,000

NET BOOK VALUE

At 31 March 2025

12,000

At 31 March 2024

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

987,604

4,914

992,518

Additions

81,266

1,840

83,106

At 31 March 2025

1,068,870

6,754

1,075,624

DEPRECIATION

At 1 April 2024

246,901

1,228

248,129

Charge for year

185,176

922

186,098

At 31 March 2025

432,077

2,150

434,227

NET BOOK VALUE

At 31 March 2025

636,793

4,604

641,397

At 31 March 2024

740,703

3,686

744,389

6.

STOCKS

2025

2024

£

£

Stocks

2,130

1,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,548

1,352

Other debtors

44,923

44,923

VAT

-

3,861

Prepayments and accrued income

50,036

36,058

98,507

86,194

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

96,891

119,989

Social security and other taxes

4,019

766

VAT

8,206

-

Other creditors

1,005,196

1,088,103

Directors' loan accounts

244

295

Accrued expenses

11,965

18,523

1,126,521

1,227,676

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A

£1

100

100

80

Ordinary B

£1

80

80

20

Ordinary C

£1

20

20

200

200

10.

RESERVES

Retained

earnings

£

At 1 April 2024

(295,434

)

Deficit for the year

(41,802

)

At 31 March 2025

(337,236

)