2023-01-01 2023-12-31 false Capium Accounts Production 1.1 06819550 bus:AbridgedAccounts 2023-01-01 2023-12-31 06819550 bus:FRS102 2023-01-01 2023-12-31 06819550 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06819550 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06819550 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06819550 2023-01-01 2023-12-31 06819550 2023-12-31 06819550 bus:RegisteredOffice 2023-01-01 2023-12-31 06819550 core:WithinOneYear 2023-12-31 06819550 core:AfterOneYear 2023-12-31 06819550 bus:Director1 2023-01-01 2023-12-31 06819550 bus:Director1 2023-12-31 06819550 bus:Director1 2022-01-01 2022-12-31 06819550 bus:Director2 2023-01-01 2023-12-31 06819550 bus:Director2 2023-12-31 06819550 bus:Director2 2022-01-01 2022-12-31 06819550 2022-01-01 06819550 bus:CompanySecretary1 2023-01-01 2023-12-31 06819550 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 06819550 2022-01-01 2022-12-31 06819550 2022-12-31 06819550 core:WithinOneYear 2022-12-31 06819550 core:AfterOneYear 2022-12-31 06819550 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 06819550 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06819550 bus:OrdinaryShareClass1 2023-12-31 06819550 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 06819550 bus:OrdinaryShareClass1 2022-12-31 06819550 core:LandBuildings 2023-01-01 2023-12-31 06819550 core:LandBuildings 2023-12-31 06819550 core:LandBuildings 2022-12-31 06819550 core:MotorCars 2023-01-01 2023-12-31 06819550 core:MotorCars 2023-12-31 06819550 core:MotorCars 2022-12-31 06819550 core:FurnitureFittings 2023-01-01 2023-12-31 06819550 core:FurnitureFittings 2023-12-31 06819550 core:FurnitureFittings 2022-12-31 06819550 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 06819550 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 06819550 core:NetGoodwill 2023-01-01 2023-12-31 06819550 core:NetGoodwill 2023-12-31 06819550 core:NetGoodwill 2022-12-31 06819550 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 06819550 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 06819550 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 06819550 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06819550 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06819550 core:Non-currentFinancialInstruments 2023-12-31 06819550 core:Non-currentFinancialInstruments 2022-12-31 06819550 core:ShareCapital 2023-12-31 06819550 core:ShareCapital 2022-12-31 06819550 core:RetainedEarningsAccumulatedLosses 2023-12-31 06819550 core:RetainedEarningsAccumulatedLosses 2022-12-31 06819550 dpl:Item1 2023-01-01 06819550 dpl:Item1 2023-12-31 06819550 dpl:Item1 2022-01-01 06819550 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 06819550
England and Wales

 

 

 

THE CLOCK SHOP LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Report to the directors on the preparation of the unaudited statutory accounts of The Clock Shop Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Clock Shop Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of The Clock Shop Limited, as a body, in accordance with the terms of our engagement letter dated 21 February 2024 Our work has been undertaken solely to prepare for your approval the accounts of The Clock Shop Limited and state those matters that we have agreed to state to the Board of Directors of The Clock Shop Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Clock Shop Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Clock Shop Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Clock Shop Limited. You consider that The Clock Shop Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of The Clock Shop Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2023



....................................................
Sai No 8 Limited T/A Sai Accountancy and Bookkeeping Services
5 Lower Braodacre
Stalybridge
Manchester
Lancashire
SK15 28U
21 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 5,000    6,000 
Tangible fixed assets 4 69,964    72,524 
74,964    78,524 
Current assets      
Stocks 35,656    42,655 
Debtors: amounts falling due within one year 414    414 
Cash at bank and in hand 124,454    114,751 
160,524    157,820 
Creditors: amount falling due within one year (15,098)   (20,989)
Net current assets 145,426    136,831 
 
Total assets less current liabilities 220,390    215,355 
Creditors: amount falling due after more than one year (25,255)   (35,004)
Net assets 195,135    180,351 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 195,035    180,251 
Shareholder's funds 195,135    180,351 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 February 2024 and were signed on its behalf by:


-------------------------------
Mr Shaileshkumar Harilal Sharma
Director
2
General Information
The Clock Shop Limited is a private company, limited by shares, registered in England and Wales, registration number 06819550, registration address 208 Newmarket Road, Ashton under lyne, Lancashire, OL7 9JW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20 Reducing Balance
Fixtures and Fittings 15 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023 20,000    20,000 
Additions  
Disposals  
At 31 December 2023 20,000    20,000 
Amortisation
At 01 January 2023 14,000    14,000 
Charge for year 1,000    1,000 
On disposals  
At 31 December 2023 15,000    15,000 
Net book values
At 31 December 2023 5,000    5,000 
At 31 December 2022 6,000    6,000 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 January 2023 58,000    14,950    46,551    119,501 
Additions      
Disposals      
At 31 December 2023 58,000    14,950    46,551    119,501 
Depreciation
At 01 January 2023   7,324    39,653    46,977 
Charge for year   1,525    1,035    2,560 
On disposals      
At 31 December 2023   8,849    40,688    49,537 
Net book values
Closing balance as at 31 December 2023 58,000    6,101    5,863    69,964 
Opening balance as at 01 January 2023 58,000    7,626    6,898    72,524 


5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3