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ROBERT CLEMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023






ROBERT CLEMENTS LIMITED (REGISTERED NUMBER: 03535326)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBERT CLEMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: D Clouston
Ms J Bagshaw
Ms N Bailey Clouston





SECRETARY: Ms J Bagshaw





REGISTERED OFFICE: Devonshire House
Manor Way
Borehamwood
Herts
WD6 1QQ





REGISTERED NUMBER: 03535326 (England and Wales)





ACCOUNTANTS: Goodier, Smith & Watts Limited
Devonshire House
Manor Way
Borehamwood
Herts
WD6 1QQ

ROBERT CLEMENTS LIMITED (REGISTERED NUMBER: 03535326)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,384 24,096

CURRENT ASSETS
Debtors 5 109,954 74,533
Cash at bank 14,298 16,388
124,252 90,921
CREDITORS
Amounts falling due within one year 6 206,166 146,044
NET CURRENT LIABILITIES (81,914 ) (55,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,530

)

(31,027

)

CREDITORS
Amounts falling due after more than one
year

7

3,228

10,974
NET LIABILITIES (66,758 ) (42,001 )

CAPITAL AND RESERVES
Called up share capital 48 48
Retained earnings (66,806 ) (42,049 )
SHAREHOLDERS' FUNDS (66,758 ) (42,001 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

ROBERT CLEMENTS LIMITED (REGISTERED NUMBER: 03535326)

BALANCE SHEET - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





D Clouston - Director


ROBERT CLEMENTS LIMITED (REGISTERED NUMBER: 03535326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Robert Clements 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
Revenue from goods and services are recognised in the accounting period in which the goods and services are rendered. For fixed price contracts, revenue is recognised based on the actual supply provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

ROBERT CLEMENTS LIMITED (REGISTERED NUMBER: 03535326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 120,152
Additions 416
At 31 May 2023 120,568
DEPRECIATION
At 1 June 2022 96,056
Charge for year 6,128
At 31 May 2023 102,184
NET BOOK VALUE
At 31 May 2023 18,384
At 31 May 2022 24,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,120 59,483
Amounts owed by associates 36,000 -
Other debtors 14,834 15,050
109,954 74,533

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,746 7,746
Trade creditors 51,395 36,687
Taxation and social security 32,606 45,052
Other creditors 114,419 56,559
206,166 146,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 3,228 10,974

ROBERT CLEMENTS LIMITED (REGISTERED NUMBER: 03535326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
D Clouston and Ms J Bagshaw
Balance outstanding at start of year - -
Amounts advanced 6,305 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,305 -