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REGISTERED NUMBER: 01701385 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Clockwork Organisation Limited

Clockwork Organisation Limited (Registered number: 01701385)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clockwork Organisation Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J R Marsden
Mrs J L Marsden





SECRETARY: Mrs J L Marsden





REGISTERED OFFICE: 5 Anchorage Avenue
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6FG





REGISTERED NUMBER: 01701385 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Clockwork Organisation Limited (Registered number: 01701385)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 903,540 694,189
Investments 6 2 2
903,542 694,191

CURRENT ASSETS
Debtors 7 525,792 632,274
Cash at bank and in hand 617,610 903,586
1,143,402 1,535,860
CREDITORS
Amounts falling due within one year 8 366,268 604,429
NET CURRENT ASSETS 777,134 931,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,680,676

1,625,622

CREDITORS
Amounts falling due after more than one
year

9

(100

)

(100

)

PROVISIONS FOR LIABILITIES (87,891 ) (55,248 )
NET ASSETS 1,592,685 1,570,274

CAPITAL AND RESERVES
Called up share capital 11 5,002 5,002
Retained earnings 1,587,683 1,565,272
SHAREHOLDERS' FUNDS 1,592,685 1,570,274

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 directors acknowledge their 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.

Clockwork Organisation Limited (Registered number: 01701385)

Balance Sheet - continued
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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





Mr J R Marsden - Director


Clockwork Organisation Limited (Registered number: 01701385)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Clockwork Organisation 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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property- Not depreciated
Motor vehicles- 25% straight line
Fixtures & fittings- 25% straight line
Office & computer equipment- 25% - 50% straight line

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. 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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Clockwork Organisation Limited (Registered number: 01701385)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 40,000
AMORTISATION
At 1 January 2023
and 31 December 2023 40,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Office
Fixtures and
Freehold and Motor computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 524,138 72,263 128,997 44,322 769,720
Additions 104,311 5,202 227,091 9,425 346,029
Disposals - - (88,952 ) (3,479 ) (92,431 )
At 31 December 2023 628,449 77,465 267,136 50,268 1,023,318
DEPRECIATION
At 1 January 2023 - 8,785 43,348 23,398 75,531
Charge for year - 19,046 53,307 17,178 89,531
Eliminated on disposal - - (41,805 ) (3,479 ) (45,284 )
At 31 December 2023 - 27,831 54,850 37,097 119,778
NET BOOK VALUE
At 31 December 2023 628,449 49,634 212,286 13,171 903,540
At 31 December 2022 524,138 63,478 85,649 20,924 694,189

Clockwork Organisation Limited (Registered number: 01701385)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 492,924 604,759
Other debtors 32,868 27,515
525,792 632,274

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 4,517
Trade creditors 50,573 127,287
Taxation and social security 202,775 280,634
Other creditors 112,920 191,991
366,268 604,429

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 100 100

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 4,517

Clockwork Organisation Limited (Registered number: 01701385)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,501 Ordinary shares £1 2,501 2,501
2,501 Ordinary A shares £1 2,501 2,501
5,002 5,002

Shares classed as debt

Allotted, called up and fully paid
100 Preference shares of £1 each100100

The preference shares are redeemable by option and there are no current plans to redeem these in the next 5 years.