Climbtop Limited - Accounts to registrar (filleted) - small 23.2

REGISTERED NUMBER: 04588874 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CLIMBTOP LIMITED

T/A

FARMER TEDS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Edwards

SECRETARY:

Mrs D J Edwards

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

04588874 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

989,010

1,022,383

Investments

5

46,000

46,000

1,035,010

1,068,383

CURRENT ASSETS

Stocks

49,620

38,025

Debtors

6

185,908

181,277

Cash at bank and in hand

412,478

359,745

648,006

579,047

CREDITORS

Amounts falling due within one year

7

155,582

193,123

NET CURRENT ASSETS

492,424

385,924

TOTAL ASSETS LESS CURRENT LIABILITIES

1,527,434

1,454,307

PROVISIONS FOR LIABILITIES

58,684

57,472

NET ASSETS

1,468,750

1,396,835

CAPITAL AND RESERVES

Called up share capital

3,033

3,033

Retained earnings

1,465,717

1,393,802

SHAREHOLDERS' FUNDS

1,468,750

1,396,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 6 October 2023 and were signed by:

M J Edwards - Director

1.	STATUTORY INFORMATION

Climbtop 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

straight line over period of lease

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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 113 (2022 - 79 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

Plant and

property

vehicles

machinery

£

£

£

COST

At 1 February 2022

1,094,970

40,663

252,806

Additions

-

39,000

7,000

Disposals

-

(40,663

)

-

At 31 January 2023

1,094,970

39,000

259,806

DEPRECIATION

At 1 February 2022

387,090

7,625

126,842

Charge for year

36,499

8,622

12,361

Eliminated on disposal

-

(6,497

)

-

At 31 January 2023

423,589

9,750

139,203

NET BOOK VALUE

At 31 January 2023

671,381

29,250

120,603

At 31 January 2022

707,880

33,038

125,964

Fixtures

and

Play

Computer

fittings

Equipment

equipment

Totals

£

£

£

£

COST

At 1 February 2022

546,906

397,813

47,408

2,380,566

Additions

7,921

42,174

7,854

103,949

Disposals

-

-

-

(40,663

)

At 31 January 2023

554,827

439,987

55,262

2,443,852

DEPRECIATION

At 1 February 2022

460,113

333,889

42,624

1,358,183

Charge for year

21,861

20,900

2,913

103,156

Eliminated on disposal

-

-

-

(6,497

)

At 31 January 2023

481,974

354,789

45,537

1,454,842

NET BOOK VALUE

At 31 January 2023

72,853

85,198

9,725

989,010

At 31 January 2022

86,793

63,924

4,784

1,022,383

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31/1/23

31/1/22

£

£

MJ, DJ & PJ Edwards investment

46,000

46,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/23

31/1/22

£

£

Trade debtors

2,867

2,767

Other debtors

183,041

178,510

185,908

181,277

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/23

31/1/22

£

£

Trade creditors

44,816

17,424

Taxation and social security

45,095

114,330

Other creditors

65,671

61,369

155,582

193,123

8.	RELATED PARTY DISCLOSURES

The company has inter-company balances with Farmaggedon (Halloween) Limited a company under common control, as follows:

At the year end included within other creditors the company owed £38,671 (2022: £35,800).

The company also operated a loan account with Farmaggedon (Halloween) Limited during the year. At the year end included within other debtors the company was owed £120,497 (2022: £116,859).

9.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors M J Edwards and D J Edwards by way of their shareholdings.