Company Registration No. 11238816 (England and Wales)
Climb South West Ltd
Unaudited accounts
for the year ended 31 March 2025
Climb South West Ltd
Unaudited accounts
Contents
Climb South West Ltd
Company Information
for the year ended 31 March 2025
Directors
Mrs A Nicholas
Mr O Nicholas
Company Number
11238816 (England and Wales)
Registered Office
14 Dukes Road
Budleigh Salterton
Devon
EX9 6QL
England
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Climb South West Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
1,710
3,207
Cash at bank and in hand
11,967
16,243
Creditors: amounts falling due within one year
(27,502)
(26,345)
Net current liabilities
(13,163)
(8,730)
Total assets less current liabilities
(11,453)
(5,523)
Provisions for liabilities
Net liabilities
(11,453)
(5,700)
Called up share capital
100
100
Profit and loss account
(11,553)
(5,800)
Shareholders' funds
(11,453)
(5,700)
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Mr O Nicholas
Director
Company Registration No. 11238816
Climb South West Ltd
Notes to the Accounts
for the year ended 31 March 2025
Climb South West Ltd is a private company, limited by shares, registered in England and Wales, registration number 11238816. The registered office is 14 Dukes Road, Budleigh Salterton, Devon, EX9 6QL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
26% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Climb South West Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
6,082
15,998
549
22,629
Disposals
-
(3,500)
-
(3,500)
At 31 March 2025
6,082
12,498
549
19,129
At 1 April 2024
5,503
13,370
549
19,422
Charge for the year
388
534
-
922
On disposals
-
(2,925)
-
(2,925)
At 31 March 2025
5,891
10,979
549
17,419
At 31 March 2025
191
1,519
-
1,710
At 31 March 2024
579
2,628
-
3,207
Amounts falling due within one year
Deferred tax asset
1,033
-
Accrued income and prepayments
1,337
1,148
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
16,502
15,958
Deferred income
11,000
7,000
7
Transactions with related parties
Included within creditors is an amount of £16,502 (2024: £15,958) which is owed by the Company to the Directors. Interest is not payable on this amount and there is no fixed date for repayment.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).