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Company Registration No. 01079215 (England and Wales)
Clock Clinic Limited (The) Unaudited accounts for the year ended 31 December 2022
Clock Clinic Limited (The) Unaudited accounts Contents
Page
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Clock Clinic Limited (The) Company Information for the year ended 31 December 2022
Directors
Alastair Chandler Victoria Chandler
Secretary
Alastair Chandler
Company Number
01079215 (England and Wales)
Registered Office
85 Lower Richmond Road London SW15 1EU UK
Accountants
Taxacc Solutions Ltd 117A St. John's Hill Sevenoaks Kent TN13 3PE
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Clock Clinic Limited (The) Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,846 
16,999 
Current assets
Inventories
194,289 
100,654 
Debtors
46,688 
23,029 
Cash at bank and in hand
36,343 
91,406 
277,320 
215,089 
Creditors: amounts falling due within one year
(104,054)
(77,555)
Net current assets
173,266 
137,534 
Net assets
189,112 
154,533 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
189,012 
154,433 
Shareholders' funds
189,112 
154,533 
For the year ending 31 December 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 28 September 2023 and were signed on its behalf by
Alastair Chandler Director Company Registration No. 01079215
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Clock Clinic Limited (The) Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Clock Clinic Limited (The) is a private company, limited by shares, registered in England and Wales, registration number 01079215. The registered office is 85 Lower Richmond Road, London, SW15 1EU, UK.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
1% SLM
Plant & machinery
25% WDV
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred Income
Income is deferred when fully refundable deposit is invoiced for before work commences.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Clock Clinic Limited (The) Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
15,201 
59,810 
75,011 
Additions
- 
539 
539 
At 31 December 2022
15,201 
60,349 
75,550 
Depreciation
At 1 January 2022
4,278 
53,734 
58,012 
Charge for the year
152 
1,540 
1,692 
At 31 December 2022
4,430 
55,274 
59,704 
Net book value
At 31 December 2022
10,771 
5,075 
15,846 
At 31 December 2021
10,923 
6,076 
16,999 
5
Inventories
2022 
2021 
£ 
£ 
Finished goods
194,289 
100,654 
194,289 
100,654 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,514 
18,661 
Accrued income and prepayments
4,174 
4,368 
46,688 
23,029 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
32,537 
25,560 
Trade creditors
4,697 
12,683 
Taxes and social security
47,339 
30,828 
Other creditors
440 
410 
Loans from directors
17,641 
6,674 
Accruals
1,400 
1,400 
104,054 
77,555 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Clock Clinic Limited (The) Notes to the Accounts for the year ended 31 December 2022
9
Pension commitments
The company operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension contributions due from the company and amounted to £1,988 (2021 - £1,732)
10
Transactions with related parties
At the balance sheet date, the amount due to the director was £17,641 (2021: £6,674)
11
Average number of employees
During the year the average number of employees was 7 (2021: 6).
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