Climate (Cardiff) Limited - Accounts to registrar (filleted) - small 18.2

Climate (Cardiff) Limited

Financial Statements for the Year Ended 30 June 2021

DIRECTOR:

D A Davies

SECRETARY:

S L Davies

REGISTERED OFFICE:

The Elms

Golden Hill Road

Pembroke

SA71 4QB

REGISTERED NUMBER:

05458503 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,258

10,626

16,258

10,626

CURRENT ASSETS

Stocks

2,650

2,120

Debtors

6

31,068

36,272

Cash at bank

8,734

15,217

42,452

53,609

CREDITORS

Amounts falling due within one year

7

46,575

57,977

NET CURRENT LIABILITIES

(4,123

)

(4,368

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,135

6,258

CREDITORS

Amounts falling due after more than one year

8

11,563

538

NET ASSETS

572

5,720

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

472

5,620

572

5,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 March 2022 and were signed by:

D A Davies - Director

1.	STATUTORY INFORMATION

Climate (Cardiff) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its 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.

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 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.

Pension costs

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 4 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2020

and 30 June 2021

6,000

AMORTISATION

At 1 July 2020

and 30 June 2021

6,000

NET BOOK VALUE

At 30 June 2021

-

At 30 June 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2020

3,142

32,193

741

36,076

Additions

510

8,500

287

9,297

At 30 June 2021

3,652

40,693

1,028

45,373

DEPRECIATION

At 1 July 2020

2,792

22,164

494

25,450

Charge for year

172

3,215

278

3,665

At 30 June 2021

2,964

25,379

772

29,115

NET BOOK VALUE

At 30 June 2021

688

15,314

256

16,258

At 30 June 2020

350

10,029

247

10,626

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

30,230

36,012

Other debtors & prepayments

838

260

31,068

36,272

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

3,438

-

Hire purchase contracts

539

4,487

Trade creditors

15,404

3,944

Taxes & social security costs

10,044

16,986

Other creditors & accruals

17,150

32,560

46,575

57,977

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

11,563

-

Hire purchase contracts

-

538

11,563

538