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REGISTERED NUMBER: 09770095 (England and Wales)









CLICFLUX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2021






CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLICFLUX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2021







DIRECTOR: S Cotton





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 09770095 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

BALANCE SHEET
28 FEBRUARY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,731 2,619
Investments 5 4,531 -
10,262 2,619

CURRENT ASSETS
Debtors 6 90,515 226
Cash at bank 12,615 33,828
103,130 34,054
CREDITORS
Amounts falling due within one year 7 55,724 14,375
NET CURRENT ASSETS 47,406 19,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,668

22,298

PROVISIONS FOR LIABILITIES 1,162 498
NET ASSETS 56,506 21,800

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 56,406 21,700
SHAREHOLDERS' FUNDS 56,506 21,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

BALANCE SHEET - continued
28 FEBRUARY 2021


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 10 September 2021 and were signed by:





S Cotton - Director


CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021

1. STATUTORY INFORMATION

Clicflux 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.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.


CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2021

2. ACCOUNTING POLICIES - continued
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 2 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2020 706 27,754 28,460
Additions - 6,135 6,135
At 28 February 2021 706 33,889 34,595
DEPRECIATION
At 1 March 2020 141 25,700 25,841
Charge for year 142 2,881 3,023
At 28 February 2021 283 28,581 28,864
NET BOOK VALUE
At 28 February 2021 423 5,308 5,731
At 29 February 2020 565 2,054 2,619

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 4,531
At 28 February 2021 4,531
NET BOOK VALUE
At 28 February 2021 4,531

CLICFLUX LIMITED (REGISTERED NUMBER: 09770095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 52,401 -
Other debtors 38,114 226
90,515 226

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 30,554 12,414
Other creditors 25,170 1,961
55,724 14,375

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2021 and 29 February 2020:

2021 2020
£    £   
S Cotton
Balance outstanding at start of year (80 ) (101 )
Amounts advanced 88,503 41,019
Amounts repaid (50,599 ) (40,998 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,824 (80 )