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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
Page
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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
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Cliffs of Margate Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,053 
8,935 
Current assets
Inventories
2,000 
- 
Debtors
17,181 
21,041 
Cash at bank and in hand
7,711 
622 
26,892 
21,663 
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)
Capital and reserves
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
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Cliffs of Margate Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
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:
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 
Additions
- 
1,131 
1,131 
At 28 February 2023
17,317 
15,106 
32,423 
Depreciation
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 
Net book value
At 28 February 2023
4,192 
3,861 
8,053 
At 28 February 2022
5,240 
3,695 
8,935 
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Cliffs of Margate Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,375 
5,235 
Deferred tax asset
15,017 
15,017 
Accrued income and prepayments
789 
789 
17,181 
21,041 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,567 
4,699 
VAT
10,899 
2,454 
Trade creditors
14,552 
1,676 
Taxes and social security
(70)
- 
Other creditors
116 
- 
Loans from directors
72,291 
74,223 
Accruals
3,856 
- 
118,211 
83,052 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
16,776 
Trade creditors
48 
- 
Other creditors
13,663 
- 
13,711 
16,776 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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