Company registration number: 12466002
Unaudited financial statements
for the period ended 31 December 2023
for
Clarkegrove Limited
Pages for filing with the Registrar
Clarkegrove Limited
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clarkegrove Limited for the period ended 31 December 2023 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Clarkegrove Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Clarkegrove Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clarkegrove Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Clarkegrove 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 Clarkegrove Limited. You consider that Clarkegrove Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Clarkegrove 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 financial statements.
Cobble Accountants Limited
Commerce House
Carlton Boulevard
Lincoln
Lincolnshire
LN2 4WJ
United Kingdom
Date 3 April 2024
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Company registration number: 12466002
Clarkegrove Limited
Balance sheet
as at 31 December 2023
31 Dec 23 28 Feb 23
Note £ £ £ £
Fixed assets
Tangible assets 4 660,388 583,938
660,388 583,938
Current assets
Debtors 411 84,683
Cash at bank and in hand 1,715 40,917
2,126 125,600
Creditors: amounts falling due within
one year
(552,853) (617,923)
Net current liabilities (550,727) (492,323)
Total assets less current liabilities 109,661 91,615
NET ASSETS 109,661 91,615
Capital and reserves
Called up share capital 100 100
Profit and loss account 109,561 91,515
TOTAL EQUITY 109,661 91,615
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12466002
Clarkegrove Limited
Balance sheet - continued
as at 31 December 2023
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 3 April 2024 and signed on its behalf by:
Mr R Addy, Director Mrs C Naylor, Director
3 April 2024 3 April 2024
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Clarkegrove Limited
Notes to the financial statements
for the period ended 31 December 2023
1 Company information
The company is registered in England and Wales. Its registered number is 12466002. The company is limited by shares. Its registered office is 51 Clarkegrove Road, Sheffield, South Yorkshire, S10 2NH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Long leasehold property - not provided
Plant and machinery etc.:
Plant and machinery - 25% straight line
Taxation
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Clarkegrove Limited
Notes to the financial statements - continued
for the period ended 31 December 2023
3 Average number of employees
During the period the average number of employees was 2 (2023 - 2).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 March 2023 581,100 5,676 586,776
Additions 75,833 1,876 77,709
At 31 December 2023 656,933 7,552 664,485
Depreciation
At 1 March 2023 - 2,838 2,838
Charge for period - 1,259 1,259
At 31 December 2023 - 4,097 4,097
Net book value
At 31 December 2023 656,933 3,455 660,388
At 28 February 2023 581,100 2,838 583,938
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