1 May 2021 false Taxfiler 2022.8.3 07188110business:PrivateLimitedCompanyLtd2021-05-012022-04-30 071881102021-04-30 071881102021-05-012022-04-30 07188110business:AuditExemptWithAccountantsReport2021-05-012022-04-30 07188110business:FullAccounts2021-05-012022-04-30 071881102022-04-30 07188110business:Director12021-05-012022-04-30 07188110business:Director22021-05-012022-04-30 07188110business:RegisteredOffice2021-05-012022-04-30 071881102021-04-30 07188110core:WithinOneYear2022-04-30 07188110core:WithinOneYear2021-04-30 07188110core:AfterOneYear2022-04-30 07188110core:AfterOneYear2021-04-30 07188110core:ShareCapital2022-04-30 07188110core:ShareCapital2021-04-30 07188110core:RetainedEarningsAccumulatedLosses2022-04-30 07188110core:RetainedEarningsAccumulatedLosses2021-04-30 07188110business:SmallEntities2021-05-012022-04-30 07188110countries:EnglandWales2021-05-012022-04-30 07188110core:PlantMachinery2021-05-012022-04-30 07188110core:MotorVehicles2021-05-012022-04-30 07188110core:FurnitureFittings2021-05-012022-04-30 07188110core:Goodwill2021-04-30 07188110core:Goodwill2022-04-30 07188110core:PlantMachinery2021-04-30 07188110core:MotorVehicles2021-04-30 07188110core:FurnitureFittings2021-04-30 07188110core:PlantMachinery2022-04-30 07188110core:MotorVehicles2022-04-30 07188110core:FurnitureFittings2022-04-30 07188110business:OrdinaryShareClass12021-05-012022-04-30 07188110business:OrdinaryShareClass12020-05-012021-04-30 07188110business:Director112021-05-012022-04-30 07188110business:Director112021-04-30 07188110business:Director112022-04-30 07188110business:Director222021-05-012022-04-30 07188110business:Director222021-04-30 07188110business:Director222022-04-30 071881102020-05-012021-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07188110 (England and Wales)
Clinton Electrics Limited Unaudited accounts for the year ended 30 April 2022
Clinton Electrics Limited Unaudited accounts Contents
Page
- 2 -
Clinton Electrics Limited Company Information for the year ended 30 April 2022
Directors
B Clinton G Clinton
Company Number
07188110 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
- 3 -
Clinton Electrics Limited Accountants' report
Accountants' report to the board of directors of Clinton Electrics Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clinton Electrics Limited for the year ended 30 April 2022 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Clinton Electrics Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Clinton Electrics Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clinton Electrics Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Clinton Electrics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Clinton Electrics Limited. You consider that Clinton Electrics 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 accounts of Clinton Electrics 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 1 September 2022
- 4 -
Clinton Electrics Limited Statement of financial position as at 30 April 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,585 
47,415 
Current assets
Debtors
22,022 
58,716 
Creditors: amounts falling due within one year
(75,799)
(53,592)
Net current (liabilities)/assets
(53,777)
5,124 
Total assets less current liabilities
(18,192)
52,539 
Creditors: amounts falling due after more than one year
(72,302)
(84,092)
Net liabilities
(90,494)
(31,553)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(90,496)
(31,555)
Shareholders' funds
(90,494)
(31,553)
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by
B Clinton Director Company Registration No. 07188110
- 5 -
Clinton Electrics Limited Notes to the Accounts for the year ended 30 April 2022
1
Statutory information
Clinton Electrics Limited is a private company, limited by shares, registered in England and Wales, registration number 07188110. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2021
40,000 
At 30 April 2022
40,000 
Amortisation
At 1 May 2021
40,000 
At 30 April 2022
40,000 
Net book value
At 30 April 2022
- 
- 6 -
Clinton Electrics Limited Notes to the Accounts for the year ended 30 April 2022
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2021
3,510 
93,013 
3,545 
100,068 
At 30 April 2022
3,510 
93,013 
3,545 
100,068 
Depreciation
At 1 May 2021
3,039 
47,163 
2,451 
52,653 
Charge for the year
94 
11,462 
274 
11,830 
At 30 April 2022
3,133 
58,625 
2,725 
64,483 
Net book value
At 30 April 2022
377 
34,388 
820 
35,585 
At 30 April 2021
471 
45,850 
1,094 
47,415 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
15,260 
15,455 
Other debtors
6,762 
43,261 
22,022 
58,716 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
25,902 
27,357 
Obligations under finance leases and hire purchase contracts
8,593 
8,593 
Trade creditors
8,966 
9,218 
Taxes and social security
29,461 
5,862 
Accruals
2,877 
2,562 
75,799 
53,592 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
37,130 
40,000 
Obligations under finance leases and hire purchase contracts
35,172 
44,092 
72,302 
84,092 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
- 7 -
Clinton Electrics Limited Notes to the Accounts for the year ended 30 April 2022
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
B Clinton
Director loan account
21,847 
(18,670)
(500)
3,677 
G Clinton
Director loan account
21,416 
(18,830)
(500)
3,086 
43,263 
(37,500)
(1,000)
6,763 
11
Average number of employees
During the year the average number of employees was 4 (2021: 2).
- 8 -