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REGISTERED NUMBER: 02210820 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CLOVIS LANDE ASSOCIATES LIMITED

CLOVIS LANDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02210820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLOVIS LANDE ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G C Revell





SECRETARY: Mrs A Revell





REGISTERED OFFICE: 104 Branbridges Road
East Peckham
Tonbridge
Kent
TN12 5HH





REGISTERED NUMBER: 02210820 (England and Wales)





ACCOUNTANTS: Synergee Limited
Pluto House
6 Vale Avenue
Tunbridge Wells
Kent
TN1 1DJ

CLOVIS LANDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02210820)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 154,924 144,230

CURRENT ASSETS
Stocks 248,786 370,958
Debtors 5 650,160 1,234,251
Cash at bank and in hand 588,974 476,720
1,487,920 2,081,929
CREDITORS
Amounts falling due within one year 6 (505,275 ) (553,301 )
NET CURRENT ASSETS 982,645 1,528,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,137,569

1,672,858

CREDITORS
Amounts falling due after more than one
year

7

(24,955

)

-

PROVISIONS FOR LIABILITIES (34,539 ) (25,175 )
NET ASSETS 1,078,075 1,647,683

RESERVES
Retained earnings 1,078,075 1,647,683
1,078,075 1,647,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2024 and were signed by:





G C Revell - Director


CLOVIS LANDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02210820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Clovis Lande Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company, and they can be reliably measured. Turnover represents contracts from the provision of services, turnover is recognised in the period in which the services are provided, in accordance with the stage of completion and when all of the following conditions are satisfied:

- the amount of turnover can be reliably measured;
- it is probable that consideration will be receivable;
- the stage of completion of the contract can be reliably measured, and
- the costs incurred and costs to complete the contract can be reliably measured.

When the outcome of a construction contract can be reliably measured, contract costs and turnover are recognised by reference to the stage of completion at the reporting date.

When the outcome cannot be reliably measured, contract costs are recognised as an expense in the period in which they occur, and turnover is recognised to the extent that the recovery of costs incurred is probable.

When it is probable that contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Retentions are recognised at the expected recoverable value at the reporting date.

Amounts recoverable on contract, included within debtors, represents the value of services provided but not yet billed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 15% on cost and 15% on reducing balance

Stocks
Stock is stated at the lower of cost and net realisable value - being the estimated selling price less costs to complete. Cost is based on the cost of purchase on a weighted average basis.

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 and loans from banks and other third parties.

Debt instruments payable after one year including loans and finance leases are initially measured at the present value of future cash flows and subsequently measured at amortised cost using the effective interest rate method (EIR).

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors are measured and carried at the consideration expected to be paid or received.


CLOVIS LANDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02210820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 494,812
Additions 50,806
Disposals (31,544 )
At 31 December 2023 514,074
DEPRECIATION
At 1 January 2023 350,582
Charge for year 33,084
Eliminated on disposal (24,516 )
At 31 December 2023 359,150
NET BOOK VALUE
At 31 December 2023 154,924
At 31 December 2022 144,230

CLOVIS LANDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02210820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 641,185 800,820
Directors' current accounts - 315,606
Prepayments and accrued income 1,476 -
Accruals - 67,497
Prepayments 7,499 50,328
650,160 1,234,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 8,704 -
Trade creditors 129,096 138,991
Tax 198,003 175,529
Social security and other taxes 27,958 21,104
VAT 34,981 119,596
Other creditors 20,030 17,835
Deferred income 23,298 42,706
Accrued expenses 63,205 37,540
505,275 553,301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 24,955 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 8,704 -
Between one and five years 24,955 -
33,659 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 75,000 75,000
Between one and five years - 75,000
75,000 150,000

CLOVIS LANDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02210820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G C Revell
Balance outstanding at start of year 315,606 -
Amounts advanced - 315,606
Amounts repaid (315,606 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 315,606

Amounts advanced to directors are unsecured and repayable on demand. Interest is charged at HMRC's official rate.

10. SHARE CAPITAL

There is a nil balance on the share capital due to the buy back of preference shares in 2003, which was of
a higher value than retained profits. Therefore, the accounting entry was made, utilising the share capital
as a distributable reserve to allow the buy back to be made. There are 96,613 £1 shares issued which are
fully paid up.