Climbtop Limited - Accounts to registrar (filleted) - small 18.2
Climbtop Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
| FOR |
| CLIMBTOP LIMITED |
| T/A |
| FARMER TEDS |
| CLIMBTOP LIMITED (REGISTERED NUMBER: 04588874) |
| T/A FARMER TEDS |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CLIMBTOP LIMITED |
| T/A FARMER TEDS |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chandler House |
| 7 Ferry Road Office Park |
| Riversway |
| Preston |
| Lancashire |
| PR2 2YH |
| CLIMBTOP LIMITED (REGISTERED NUMBER: 04588874) |
| T/A FARMER TEDS |
| BALANCE SHEET |
| 31 JANUARY 2018 |
| 31/1/18 | 31/1/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| CLIMBTOP LIMITED (REGISTERED NUMBER: 04588874) |
| T/A FARMER TEDS |
| BALANCE SHEET - continued |
| 31 JANUARY 2018 |
| 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 on by: |
| CLIMBTOP LIMITED (REGISTERED NUMBER: 04588874) |
| T/A FARMER TEDS |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 1. | STATUTORY INFORMATION |
| Climbtop Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 - over the period of the lease |
| Plant and machinery - 10% on reducing balance |
| Office equipment - 25% on reducing balance |
| Play equipment - 25% on reducing balance |
| Fixtures and fittings - 25% 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. |
| CLIMBTOP LIMITED (REGISTERED NUMBER: 04588874) |
| T/A FARMER TEDS |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The directors have a reasonable expectation that the company has adequate resources to continue in operational |
| existence for the foreseeable future.The directors believe the company is well placed to manage its business risk |
| successfully despite the current uncertain economic outlook. Thus the company has continued to adopt the going |
| concern basis of accounting in preparing the annual financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Motor | Plant and |
| property | vehicles | machinery |
| £ | £ | £ |
| COST |
| At 1 February 2017 |
| Additions |
| Disposals | ( |
) |
| At 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| CLIMBTOP LIMITED (REGISTERED NUMBER: 04588874) |
| T/A FARMER TEDS |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Play | Computer |
| fittings | Equipment | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 February 2017 |
| Additions |
| Disposals | ( |
) |
| At 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 31/1/18 | 31/1/17 |
| £ | £ |
| MJ, DJ & PJ Edwards investment | 46,000 | 46,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/18 | 31/1/17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/18 | 31/1/17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| CLIMBTOP LIMITED (REGISTERED NUMBER: 04588874) |
| T/A FARMER TEDS |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2018 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 January 2018 and |
| 31 January 2017: |
| 31/1/18 | 31/1/17 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| During the year dividends totalling £15,119 (2017: £52,704) were paid to Mark Johnston Edwards, director, and |
| £15,119 (2017: £37,704) were paid to Peter Johnston Edwards, director. |
| 9. | RELATED PARTY DISCLOSURES |
| During the year £Nil (2017: £26,000) was paid to Mark Johnston Edwards, director, in respect of the rental of |
| buildings. |