Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30falseNo description of principal activity2022-10-01910truetrue 1379916 2022-10-01 2023-09-30 1379916 2021-10-01 2022-09-30 1379916 2023-09-30 1379916 2022-09-30 1379916 c:CompanySecretary1 2022-10-01 2023-09-30 1379916 c:Director1 2022-10-01 2023-09-30 1379916 c:Director4 2022-10-01 2023-09-30 1379916 c:Director5 2022-10-01 2023-09-30 1379916 c:RegisteredOffice 2022-10-01 2023-09-30 1379916 d:PlantMachinery 2022-10-01 2023-09-30 1379916 d:PlantMachinery 2023-09-30 1379916 d:PlantMachinery 2022-09-30 1379916 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 1379916 d:CurrentFinancialInstruments 2023-09-30 1379916 d:CurrentFinancialInstruments 2022-09-30 1379916 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 1379916 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 1379916 d:ShareCapital 2023-09-30 1379916 d:ShareCapital 2022-09-30 1379916 d:RetainedEarningsAccumulatedLosses 2023-09-30 1379916 d:RetainedEarningsAccumulatedLosses 2022-09-30 1379916 c:FRS102 2022-10-01 2023-09-30 1379916 c:Audited 2022-10-01 2023-09-30 1379916 c:FullAccounts 2022-10-01 2023-09-30 1379916 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 1379916 d:WithinOneYear 2023-09-30 1379916 d:WithinOneYear 2022-09-30 1379916 d:BetweenOneFiveYears 2023-09-30 1379916 d:BetweenOneFiveYears 2022-09-30 1379916 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Company registration number: 1379916







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2023


CLAYTON THERMAL PRODUCTS LIMITED






































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CLAYTON THERMAL PRODUCTS LIMITED
 


 
COMPANY INFORMATION


Directors
D V Dijck BvBA 
J S Clayton 
G A Adgey 




Company secretary
J S Clayton



Registered number
1379916



Registered office
280 Bishopsgate

London

EC2M 4RB




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT




Corporate secretary
Abogado Nominees Limited
100 New Bridge Street

London

EC4V 6JA





 


CLAYTON THERMAL PRODUCTS LIMITED
REGISTERED NUMBER:1379916



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,115
8,355

  
6,115
8,355

Current assets
  

Stocks
  
280,830
266,552

Debtors: amounts falling due within one year
 5 
548,601
883,845

Cash at bank and in hand
  
1,893,903
1,629,690

  
2,723,334
2,780,087

Creditors: amounts falling due within one year
 6 
(621,032)
(1,166,377)

Net current assets
  
 
 
2,102,302
 
 
1,613,710

Total assets less current liabilities
  
2,108,417
1,622,065

  

Net assets
  
2,108,417
1,622,065


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
2,098,417
1,612,065

  
2,108,417
1,622,065


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 profit and loss account 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 by: 




D V Dijck BvBA
Director

Date: 30 January 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


CLAYTON THERMAL PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Clayton Thermal Products Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is 100 New Bridge Street, London, EC4V 6JA. The principal place of business is Suite 14 Howard Court, Manor Park, Runcorn, Cheshire, WA7 1SJ.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover relating to design and supply of generators and boilers is recognised based on the stage of completion of the contract. Turnover which arises from the provision of installation services, support and maintenance is recognised during the period in which the work or service is delivered. 
Revenue is recognised when the risks and reward have been transferred to the customer.

  
2.3

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 


CLAYTON THERMAL PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss 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 reporting date in the countries where the Company operates and generates income.

 
2.8

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 basis:

Plant and machinery
-
10% to 20% straight line

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 profit or loss.

  
2.9

Stocks

Stocks are stated at lower of cost and net realisable value, being the estimated selling price less costs to sell. Cost is based on the cost of purchase on a weighted average basis. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 


CLAYTON THERMAL PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

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 debtor and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, and impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 10).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 October 2022
51,475



At 30 September 2023

51,475



Depreciation


At 1 October 2022
43,120


Charge for the year on owned assets
2,240



At 30 September 2023

45,360



Net book value



At 30 September 2023
6,115



At 30 September 2022
8,355

Page 4

 


CLAYTON THERMAL PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
351,783
864,402

Amounts owed by group undertakings
176,689
-

Prepayments and accrued income
20,129
19,443

548,601
883,845



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
130,380
66,427

Amounts owed to group undertakings
50,896
45,495

Corporation tax
137,798
64,199

Other taxation and social security
119,149
260,416

Accruals and deferred income
182,809
729,840

621,032
1,166,377



7.


Commitments under operating leases

At 30 September 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
41,697
14,259

Later than 1 year and not later than 5 years
62,469
28,140

104,166
42,399


8.


Ultimate parent company

The parent of the smallest group for which consolidated financial statements are drawn up is Clayton Industries Inc., a company incorporated in the United States of America. The registered office of Clayton Industries Inc. is 17477 Hurley Street, City of Industry, CA 91744.

Page 5

 


CLAYTON THERMAL PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 30 January 2024 by Sarah Hallam FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 6