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REGISTERED NUMBER: 03157695 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CLOCKWORK EXHIBITIONS LIMITED

CLOCKWORK EXHIBITIONS LIMITED (REGISTERED NUMBER: 03157695)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOCKWORK EXHIBITIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: C F Lee





SECRETARY: C F Lee





REGISTERED OFFICE: 30-32 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 03157695 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

CLOCKWORK EXHIBITIONS LIMITED (REGISTERED NUMBER: 03157695)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 64,924 44,094
64,924 44,094

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 56,769 33,140
Cash at bank and in hand 42,463 19,343
101,232 54,483
CREDITORS
Amounts falling due within one year 7 (48,635 ) (19,519 )
NET CURRENT ASSETS 52,597 34,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,521

79,058

CREDITORS
Amounts falling due after more than one
year

8

(31,418

)

(41,109

)
NET ASSETS 86,103 37,949

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 85,103 36,949
SHAREHOLDERS' FUNDS 86,103 37,949

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

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

The director acknowledges his 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.

CLOCKWORK EXHIBITIONS LIMITED (REGISTERED NUMBER: 03157695)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 22 November 2023 and were signed by:





C F Lee - Director


CLOCKWORK EXHIBITIONS LIMITED (REGISTERED NUMBER: 03157695)

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

1. STATUTORY INFORMATION

Clockwork Exhibitions 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - NIL ) .

CLOCKWORK EXHIBITIONS LIMITED (REGISTERED NUMBER: 03157695)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 14,000
AMORTISATION
At 1 September 2022
and 31 August 2023 14,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2022 5,879 93,533 6,512
Additions - - -
At 31 August 2023 5,879 93,533 6,512
DEPRECIATION
At 1 September 2022 - 64,479 6,317
Charge for year - 4,358 29
At 31 August 2023 - 68,837 6,346
NET BOOK VALUE
At 31 August 2023 5,879 24,696 166
At 31 August 2022 5,879 29,054 195

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 70,901 11,887 188,712
Additions 34,078 2,851 36,929
At 31 August 2023 104,979 14,738 225,641
DEPRECIATION
At 1 September 2022 61,935 11,887 144,618
Charge for year 10,762 950 16,099
At 31 August 2023 72,697 12,837 160,717
NET BOOK VALUE
At 31 August 2023 32,282 1,901 64,924
At 31 August 2022 8,966 - 44,094

CLOCKWORK EXHIBITIONS LIMITED (REGISTERED NUMBER: 03157695)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2022
and 31 August 2023 21,552
DEPRECIATION
At 1 September 2022 16,627
Charge for year 865
At 31 August 2023 17,492
NET BOOK VALUE
At 31 August 2023 4,060
At 31 August 2022 4,925

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,600 33,140
Other debtors 30,169 -
56,769 33,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,868 6,346
Taxation and social security 33,987 6,923
Other creditors 5,780 6,250
48,635 19,519

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,418 41,109

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000