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COMPANY REGISTRATION NUMBER: 10338404
Clikk Management Limited
Filleted Unaudited Financial Statements
31 July 2023
Clikk Management Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Current assets
Debtors
5
90,000
150,000
Cash at bank and in hand
63,110
49,931
---------
---------
153,110
199,931
Creditors: amounts falling due within one year
6
146,929
197,462
---------
---------
Net current assets
6,181
2,469
-------
-------
Total assets less current liabilities
6,181
2,469
-------
-------
Net assets
6,181
2,469
-------
-------
Capital and reserves
Called up share capital
200
200
Profit and loss account
5,981
2,269
-------
-------
Shareholders funds
6,181
2,469
-------
-------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 February 2024 , and are signed on behalf of the board by:
D A Braybrook
Director
Company registration number: 10338404
Clikk Management Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Gainsborough Road, Felixstowe, IP11 7HT, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Directors believe that the company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding will be adequate to meet all liabilities as they fall due in the normal course of business for the foreseeable future.
Judgements and key sources of estimation uncertainty
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. In preparing these financial statements, the directors have considered the assumptions used in applying the company's accounting policies and have concluded that there are no judgements or key sources of estimation uncertainty that are material to the accounts.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Creditors
Short term creditors are measured at the transaction price.
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.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 7 ).
5. Debtors
2023
2022
£
£
Other debtors
90,000
150,000
--------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
57,600
Corporation tax
124,061
109,377
Social security and other taxes
19,596
20,383
Other creditors
3,272
10,102
---------
---------
146,929
197,462
---------
---------
7. Transactions with directors
During the year, the directors received dividends totalling £ 462,840 (2022: £534,840).
8. Related party transactions
During the year, the company incurred management fees of £48,000 (2022: £48,000) from DGGR Plant LLP, a company incorporated in the United Kingdom and related to the company by virtue of common ownership. At the end of the year DGGR LLP was owed £nil (2022: £57,600). Included within Other Debtors is accrued revenue of £90,000 which was invoiced to J.L. Knight Roadworks Limited after the year end (2022: £150,000). During the year, Clikk Management Limited charged J.L. Knight Roadworks Limited fees of £697,000 (2022: £685,000), a company that is incorporated in the United kingdom and related to the company by virtue of common ownership.