General Information
Climarite Ltd is a private company, limited by shares, registered in England and Wales, registration number 09899336, registration address 25 West Lancashire Investment Centre Suite, White Moss Business Park, Skelmersdale, West Lancashire, WN8 9TG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 18 (2024 : 20).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
3,516 |
|
150,499 |
|
9,133 |
|
163,148 |
| Additions |
194 |
|
113,085 |
|
2,543 |
|
115,822 |
| Disposals |
- |
|
(17,047) |
|
- |
|
(17,047) |
| At 31 December 2025 |
3,710 |
|
246,537 |
|
11,676 |
|
261,923 |
| Depreciation |
| At 01 January 2025 |
2,279 |
|
97,529 |
|
4,343 |
|
104,151 |
| Charge for year |
358 |
|
40,664 |
|
1,833 |
|
42,855 |
| On disposals |
- |
|
(13,649) |
|
- |
|
(13,649) |
| At 31 December 2025 |
2,637 |
|
124,544 |
|
6,176 |
|
133,357 |
| Net book values |
| Closing balance as at 31 December 2025 |
1,073 |
|
121,993 |
|
5,500 |
|
128,566 |
| Opening balance as at 01 January 2025 |
1,237 |
|
66,619 |
|
4,790 |
|
72,646 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
213,250 |
|
222,825 |
| Other Debtors |
23,435 |
|
31,262 |
|
236,685 |
|
254,087 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
79,360 |
|
82,603 |
| Bank Loans & Overdrafts |
- |
|
9,757 |
| Corporation Tax |
44,430 |
|
40,671 |
| PAYE & Social Security |
- |
|
11,312 |
| Accrued Expenses |
- |
|
2 |
| Obligations under HP/Financial Leases |
7,312 |
|
29,342 |
| VAT |
- |
|
13,197 |
|
131,102 |
|
186,884 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
1,721 |
|
15,454 |
| Obligations Under HP/Financial Leases |
108,940 |
|
28,387 |
|
110,661 |
|
43,841 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
34,065 |
|
12,348 |
|
34,065 |
|
12,348 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Ordinary share of £1.00 each |
1 |
|
1 |
|
1
A Ordinary share of £1.00 each |
1 |
|
1 |
|
2 |
|
2 |
|
2
|