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
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
Clock Clinic Limited (The)
Statement of financial position
as at 31 December 2022
Tangible assets
15,846
16,999
Inventories
194,289
100,654
Cash at bank and in hand
36,343
91,406
Creditors: amounts falling due within one year
(104,054)
(77,555)
Net current assets
173,266
137,534
Net assets
189,112
154,533
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
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2022
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Income is deferred when fully refundable deposit is invoiced for before work commences.
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.
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2022
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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
At 31 December 2022
15,201
60,349
75,550
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
At 31 December 2022
10,771
5,075
15,846
At 31 December 2021
10,923
6,076
16,999
Finished goods
194,289
100,654
Amounts falling due within one year
Trade debtors
42,514
18,661
Accrued income and prepayments
4,174
4,368
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
4,697
12,683
Taxes and social security
47,339
30,828
Loans from directors
17,641
6,674
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2022
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)
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Transactions with related parties
At the balance sheet date, the amount due to the director was £17,641 (2021: £6,674)
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Average number of employees
During the year the average number of employees was 7 (2021: 6).