Climate (Cardiff) Limited - Accounts to registrar (filleted) - small 22.3

Climate (Cardiff) Limited

Financial Statements for the Year Ended 30 June 2022

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

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Climate (Cardiff) Limited for the year ended 30 June 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Climate (Cardiff) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Climate (Cardiff) Limited and state those matters that we have agreed to state to the director of Climate (Cardiff) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Climate (Cardiff) Limited and its director for our work or for this report.

It is your duty to ensure that Climate (Cardiff) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Climate (Cardiff) Limited. You consider that Climate (Cardiff) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Climate (Cardiff) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

31 March 2023

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,161

16,258

12,161

16,258

CURRENT ASSETS

Stocks

2,795

2,650

Debtors

6

30,587

31,068

Cash at bank

12,128

8,734

45,510

42,452

CREDITORS

Amounts falling due within one year

7

35,408

46,575

NET CURRENT ASSETS/(LIABILITIES)

10,102

(4,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,263

12,135

CREDITORS

Amounts falling due after more than one year

8

9,184

11,563

NET ASSETS

13,079

572

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,979

472

13,079

572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 2023 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 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2021

and 30 June 2022

6,000

AMORTISATION

At 1 July 2021

and 30 June 2022

6,000

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2021

and 30 June 2022

3,652

40,693

1,028

45,373

DEPRECIATION

At 1 July 2021

2,964

25,379

772

29,115

Charge for year

172

3,829

96

4,097

At 30 June 2022

3,136

29,208

868

33,212

NET BOOK VALUE

At 30 June 2022

516

11,485

160

12,161

At 30 June 2021

688

15,314

256

16,258

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

30,327

30,230

Other debtors & prepayments

260

838

30,587

31,068

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

3,195

3,438

Hire purchase contracts

-

539

Trade creditors

3,701

15,404

Taxes & social security costs

13,925

10,044

Other creditors & accruals

14,587

17,150

35,408

46,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

9,184

11,563