Culvertech Limited - Filleted accounts

Registered number

10564100

Culvertech Limited

Filleted Accounts

5 April 2025

Culvertech Limited
Registered number:		10564100
Balance Sheet
as at 5 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		30,899			14,696

Current assets
Debtors	4	118,689			26,860
Cash at bank and in hand		497,772			396,258
		616,461			423,118

Creditors: amounts falling due within one year	5	(215,698)			(135,377)

Net current assets			400,763			287,741

Total assets less current liabilities			431,662			302,437


Provisions for liabilities			(7,725)			(3,894)


Net assets			423,937			298,543

Capital and reserves
Called up share capital			100			100
Profit and loss account			423,837			298,443

Shareholders' funds			423,937			298,543

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Janisch
Director
Approved by the board on 17 October 2025

Culvertech Limited
Notes to the Accounts
for the year ended 5 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			10		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 6 April 2024	-		27,087		27,087
	Additions	7,253		18,830		26,083
	At 5 April 2025	7,253		45,917		53,170

	Depreciation
	At 6 April 2024	-		12,391		12,391
	Charge for the year	725		9,155		9,880
	At 5 April 2025	725		21,546		22,271

	Net book value
	At 5 April 2025	6,528		24,371		30,899
	At 5 April 2024	-		14,696		14,696


4	Debtors			2025		2024
£					£

	Trade debtors			113,486		24,057
	Other debtors			5,203		2,803
				118,689		26,860


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			92,276		72,405
	Director's loan account			16,013		20,303
	Other creditors			107,409		42,669
				215,698		135,377


6	Other information

	Culvertech Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Gemini House
	Hargreaves Road
	Swindon
	Wiltshire
	SN25 5AZ