Registered number
14311774
Clay Well Consultancy Limited
Unaudited Filleted Financial Statements
For the Period Ended
31 August 2023
Clay Well Consultancy Limited
Registered number: 14311774
Balance Sheet as at 31 August 2023
Notes 2023
£
Fixed assets
Tangible assets 3 337
Current assets
Debtors 4 750
Cash at bank and in hand 12,828
13,578
Creditors: amounts falling due within one year 5 (8,106)
Net current assets 5,472
Net assets 5,809
Capital and reserves
Called up share capital 100
Profit and loss account 5,709
Shareholders' funds 5,809
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J.L. Nichols
Director
Approved by the board on 12 December 2023
Clay Well Consultancy Limited
Notes to the Accounts
for the period from 22 August 2022 to 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard).
Going concern
The directors believe the company is experiencing healthy levels of sales and profitability and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and Equipment 4 years straight line basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the
company (including directors) during the period 2
3 Tangible fixed assets
Plant and Equipment
£
Cost
Additions 449
At 31 August 2023 449
Depreciation
Charge for the period 112
At 31 August 2023 112
Net book value
At 31 August 2023 337
4 Debtors 2023
£
Trade debtors 750
5 Creditors: amounts falling due within one year 2023
£
Taxes and social security costs 6,906
Accruals 1,200
8,106
6 Other information
Clay Well Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is : 17 Clay Well, Golcar, Huddersfield, HD7 4JD.
The financial statements are presented in Sterling, which is the functional currency of the company.
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