Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28No description of principal activity2022-03-01false1715truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01915663 2022-03-01 2023-02-28 01915663 2021-03-01 2022-02-28 01915663 2023-02-28 01915663 2022-02-28 01915663 c:Director2 2022-03-01 2023-02-28 01915663 d:Buildings 2022-03-01 2023-02-28 01915663 d:Buildings 2023-02-28 01915663 d:Buildings 2022-02-28 01915663 d:Buildings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01915663 d:MotorVehicles 2022-03-01 2023-02-28 01915663 d:MotorVehicles 2023-02-28 01915663 d:MotorVehicles 2022-02-28 01915663 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01915663 d:FurnitureFittings 2022-03-01 2023-02-28 01915663 d:FurnitureFittings 2023-02-28 01915663 d:FurnitureFittings 2022-02-28 01915663 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01915663 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01915663 d:CurrentFinancialInstruments 2023-02-28 01915663 d:CurrentFinancialInstruments 2022-02-28 01915663 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 01915663 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 01915663 d:ShareCapital 2023-02-28 01915663 d:ShareCapital 2022-02-28 01915663 d:OtherMiscellaneousReserve 2023-02-28 01915663 d:OtherMiscellaneousReserve 2022-02-28 01915663 d:RetainedEarningsAccumulatedLosses 2023-02-28 01915663 d:RetainedEarningsAccumulatedLosses 2022-02-28 01915663 c:FRS102 2022-03-01 2023-02-28 01915663 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 01915663 c:FullAccounts 2022-03-01 2023-02-28 01915663 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 01915663









CLAPTON CASH & CARRY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
CLAPTON CASH & CARRY LIMITED
REGISTERED NUMBER: 01915663

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
669,228
682,923

Current assets
  

Stocks
 5 
246,518
206,017

Debtors: amounts falling due within one year
 6 
164,882
140,686

Cash at bank and in hand
  
22,179
34,491

  
433,579
381,194

Creditors: amounts falling due within one year
 7 
(590,029)
(543,939)

Net current liabilities
  
 
 
(156,450)
 
 
(162,745)

  

Net assets
  
512,778
520,178


Capital and reserves
  

Called up share capital 
  
85
85

Other reserves
  
15
15

Profit and loss account
  
512,678
520,078

  
512,778
520,178


Page 1

 
CLAPTON CASH & CARRY LIMITED
REGISTERED NUMBER: 01915663
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2023.




A I Badat
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Clapton Cash & Carry Limited ("the Company") is a private company, limited by shares, registered in England and Wales. The registered office of the company is at Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following annual bases:

Land and buildings
-
2%
Motor vehicles
-
25%
Other fixed assets
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.4

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obselete and slow-moving stocks. Cost is calculated as selling price less attributable profit margin. 

Page 4

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 15).

Page 5

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Land and buildings
Motor vehicles
Other fixed assets
Total

£
£
£
£



Cost


At 1 March 2022
817,571
20,660
101,480
939,711


Additions
1,830
-
180
2,010



At 28 February 2023

819,401
20,660
101,660
941,721



Depreciation


At 1 March 2022
150,044
10,248
96,496
256,788


Charge for the year on owned assets
9,000
5,165
1,540
15,705



At 28 February 2023

159,044
15,413
98,036
272,493



Net book value



At 28 February 2023
660,357
5,247
3,624
669,228



At 28 February 2022
667,527
10,412
4,984
682,923


5.


Stocks

2023
2022
£
£

Finished goods
246,518
206,017



6.


Debtors

2023
2022
£
£


Trade debtors
153,229
112,995

Other debtors
347
25,120

Prepayments
11,306
2,571

164,882
140,686


Page 6

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
551,647
452,608

Corporation tax
13,972
32,517

Other taxation and social security
7,441
1,102

Obligations under finance lease and hire purchase contracts
-
1,684

Other creditors
9,640
9,640

Accruals
7,329
46,388

590,029
543,939


 
Page 7