REGISTERED NUMBER: 12801439 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Clip N Climb Thanet Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

C F Chambers

T S Hickman

M S Nijar

REGISTERED OFFICE:

Office C1, Clover House

John Wilson Business Park

Whitstable

Kent

CT5 3QZ

REGISTERED NUMBER:

12801439 (England and Wales)

ACCOUNTANTS:

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Intangible assets

4

-

4,000

Tangible assets

5

-

201,365

Investments

6

105,000

-

105,000

205,365

CURRENT ASSETS

Debtors

7

5,353

114,105

Cash at bank and in hand

25

7,875

5,378

121,980

CREDITORS

Amounts falling due within one year

8

99,699

104,489

NET CURRENT (LIABILITIES)/ASSETS

(94,321

)

17,491

TOTAL ASSETS LESS CURRENT LIABILITIES

10,679

222,856

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

10,579

222,756

SHAREHOLDERS' FUNDS

10,679

222,856

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 24 February 2026 and were signed on its behalf by:

C F Chambers - Director

T S Hickman - Director

1.	STATUTORY INFORMATION

Clip N Climb Thanet Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of four years.

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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 18 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

16,000

AMORTISATION

At 1 September 2024

12,000

Amortisation for year

4,000

At 31 August 2025

16,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

4,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024

228,868

21,509

806

251,183

Disposals

(228,868

)

(21,509

)

(806

)

(251,183

)

At 31 August 2025

-

-

-

-

DEPRECIATION

At 1 September 2024

38,623

10,886

309

49,818

Charge for year

28,534

2,010

74

30,618

Eliminated on disposal

(67,157

)

(12,896

)

(383

)

(80,436

)

At 31 August 2025

-

-

-

-

NET BOOK VALUE

At 31 August 2025

-

-

-

-

At 31 August 2024

190,245

10,623

497

201,365

6.	FIXED ASSET INVESTMENTS

Other

loans

£

New in year

105,000

At 31 August 2025

105,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,448

114,105

VAT

1,905

-

5,353

114,105

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,001

-

Other loans - GPM2 Design Loan

62,000

62,000

Trade creditors

14,880

19,622

Tax

-

4,925

VAT

-

12,174

Directors' current accounts

7,218

4,218

Accrued expenses

600

1,550

99,699

104,489

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 September 2024

222,756

Deficit for the year

(212,177

)

At 31 August 2025

10,579

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

24 February 2026