Company Registration No. 9981612 (England and Wales)
Cliffs of Margate Ltd
Unaudited accounts
for the year ended 28 February 2023
Cliffs of Margate Ltd
Unaudited accounts
Contents
Cliffs of Margate Ltd
Company Information
for the year ended 28 February 2023
Directors
G A Muir
S J Lindley
J S Ellena-Lindley
L L Du-Plessis
Company Number
9981612 (England and Wales)
Registered Office
20 Ethelbert Road
Margate
Kent
CT9 1RY
Accountants
Meades Accounting Limited
Mill Lane House
Mill Lane
Margate
CT9 1LB
Cliffs of Margate Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
8,053
8,935
Cash at bank and in hand
7,711
622
Creditors: amounts falling due within one year
(118,211)
(83,052)
Net current liabilities
(91,319)
(61,389)
Total assets less current liabilities
(83,266)
(52,454)
Creditors: amounts falling due after more than one year
(13,711)
(16,776)
Net liabilities
(96,977)
(69,230)
Called up share capital
100
100
Profit and loss account
(97,077)
(69,330)
Shareholders' funds
(96,977)
(69,230)
For the year ending 28 February 2023 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 13 November 2023 and were signed on its behalf by
L L Du-Plessis
Director
Company Registration No. 9981612
Cliffs of Margate Ltd
Notes to the Accounts
for the year ended 28 February 2023
Cliffs of Margate Ltd is a private company, limited by shares, registered in England and Wales, registration number 9981612. The registered office is 20 Ethelbert Road, Margate, Kent, CT9 1RY.
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.
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
17,317
13,975
31,292
At 28 February 2023
17,317
15,106
32,423
At 1 March 2022
12,077
10,280
22,357
Charge for the year
1,048
965
2,013
At 28 February 2023
13,125
11,245
24,370
At 28 February 2023
4,192
3,861
8,053
At 28 February 2022
5,240
3,695
8,935
Cliffs of Margate Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Deferred tax asset
15,017
15,017
Accrued income and prepayments
789
789
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,567
4,699
Trade creditors
14,552
1,676
Taxes and social security
(70)
-
Loans from directors
72,291
74,223
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).