Clavell (UK) Limited 05074995 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is transporting caravans Digita Accounts Production Advanced 6.30.9574.0 true true 05074995 2022-04-01 2023-03-31 05074995 2023-03-31 05074995 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-31 05074995 core:CurrentFinancialInstruments 2023-03-31 05074995 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05074995 core:Non-currentFinancialInstruments 2023-03-31 05074995 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 05074995 core:FurnitureFittingsToolsEquipment 2023-03-31 05074995 core:MotorVehicles 2023-03-31 05074995 bus:SmallEntities 2022-04-01 2023-03-31 05074995 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05074995 bus:FullAccounts 2022-04-01 2023-03-31 05074995 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05074995 bus:RegisteredOffice 2022-04-01 2023-03-31 05074995 bus:Director1 2022-04-01 2023-03-31 05074995 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-04-01 2023-03-31 05074995 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05074995 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 05074995 core:MotorVehicles 2022-04-01 2023-03-31 05074995 core:PlantMachinery 2022-04-01 2023-03-31 05074995 countries:EnglandWales 2022-04-01 2023-03-31 05074995 2022-03-31 05074995 core:FurnitureFittingsToolsEquipment 2022-03-31 05074995 core:MotorVehicles 2022-03-31 05074995 2021-04-01 2022-03-31 05074995 2022-03-31 05074995 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-03-31 05074995 core:CurrentFinancialInstruments 2022-03-31 05074995 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 05074995 core:Non-currentFinancialInstruments 2022-03-31 05074995 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 05074995 core:FurnitureFittingsToolsEquipment 2022-03-31 05074995 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05074995

Clavell (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Clavell (UK) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Clavell (UK) Limited

Company Information

Director

J F C Harneiss

Registered office

Lowgate House
Lowgate Road
Conisholme
Louth
Lincolnshire
LN11 7LX

 

Clavell (UK) Limited

(Registration number: 05074995)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

117,396

120,736

Current assets

 

Stocks

5

6,190

10,210

Debtors

6

570,143

147,547

Cash at bank and in hand

 

100,055

373,367

 

676,388

531,124

Creditors: Amounts falling due within one year

7

(159,590)

(149,050)

Net current assets

 

516,798

382,074

Total assets less current liabilities

 

634,194

502,810

Creditors: Amounts falling due after more than one year

7

-

(5,088)

Provisions for liabilities

(29,349)

(30,184)

Net assets

 

604,845

467,538

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

604,844

467,537

Shareholders' funds

 

604,845

467,538

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 October 2023
 

.........................................
J F C Harneiss
Director

 

Clavell (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 05074995.

These financial statements were authorised for issue by the director on 19 October 2023.

These financial statements cover the individual entity, Clavell (UK) Limited.

The address of its registered office is:
Lowgate House
Lowgate Road
Conisholme
Louth
Lincolnshire
LN11 7LX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Clavell (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

15-25% Reducing balance basis

Plant and machinery

25% Reducing balance basis

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Clavell (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 5 (2022 - 7).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

11,651

328,686

340,337

Additions

-

27,490

27,490

At 31 March 2023

11,651

356,176

367,827

Depreciation

At 1 April 2022

10,773

208,828

219,601

Charge for the year

467

30,363

30,830

At 31 March 2023

11,240

239,191

250,431

Carrying amount

At 31 March 2023

411

116,985

117,396

At 31 March 2022

878

119,858

120,736

5

Stocks

2023
£

2022
£

Other inventories

6,190

10,210

6

Debtors

Current

2023
£

2022
£

Trade debtors

213,121

109,808

Prepayments

17,811

11,979

Other debtors

339,211

25,760

 

570,143

147,547

 

Clavell (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

49,856

48,646

Hire purchase liabilities

 

4,212

26,853

Taxation and social security

 

52,581

29,648

Other creditors

 

35,008

38,020

Accruals and deferred income

 

17,933

5,883

 

159,590

149,050

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Hire purchase liabilities

9

-

5,088

Hire purchase liabilities totalling £4,212 (2022: £31,941) are secured upon the assets of the company.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase liabilities

-

5,088

2023
£

2022
£

Current loans and borrowings

Hire purchase liabilities

4,212

26,853

Other borrowings

1,000

-

5,212

26,853