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REGISTERED NUMBER: 06905049 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Peter Clinch Ltd

Peter Clinch Ltd (Registered number: 06905049)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Peter Clinch Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P J Clinch
Mrs V Clinch



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 06905049 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Santander
301 St Vincent Street
Glasgow
G2 5NT

Peter Clinch Ltd (Registered number: 06905049)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,105 25,066

CURRENT ASSETS
Stocks 10,000 40,000
Debtors 5 63,069 112,939
Cash at bank 57,625 78,365
130,694 231,304
CREDITORS
Amounts falling due within one year 6 83,025 184,856
NET CURRENT ASSETS 47,669 46,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,774

71,514

CREDITORS
Amounts falling due after more than one
year

7

(22,698

)

(36,840

)

PROVISIONS FOR LIABILITIES (3,876 ) (3,963 )
NET ASSETS 41,200 30,711

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,100 30,611
SHAREHOLDERS' FUNDS 41,200 30,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Peter Clinch Ltd (Registered number: 06905049)

Statement of Financial Position - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





P J Clinch - Director


Peter Clinch Ltd (Registered number: 06905049)

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


1. STATUTORY INFORMATION

Peter Clinch Ltd 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on 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.

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 statement of financial position date.

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 3 (2022 - 4 ) .

Peter Clinch Ltd (Registered number: 06905049)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 June 2022 23,480 6,597 10,239 40,316
Additions 113 488 730 1,331
Disposals - 29 (268 ) (239 )
At 31 May 2023 23,593 7,114 10,701 41,408
Depreciation
At 1 June 2022 4,696 3,929 6,625 15,250
Charge for year 3,779 1,042 1,415 6,236
Eliminated on disposal - 28 (211 ) (183 )
At 31 May 2023 8,475 4,999 7,829 21,303
Net book value
At 31 May 2023 15,118 2,115 2,872 20,105
At 31 May 2022 18,784 2,668 3,614 25,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 56,637 106,640
Other debtors 6,432 6,299
63,069 112,939

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 4,122 4,122
Trade creditors 21,752 88,028
Taxation and social security 28,425 29,801
Other creditors 18,726 52,905
83,025 184,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loans 20,897 30,917
Hire purchase contracts (see note 8) 1,801 5,923
22,698 36,840

Peter Clinch Ltd (Registered number: 06905049)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/23 31/5/22
£    £   
Net obligations repayable:
Within one year 4,122 4,122
Between one and five years 1,801 5,923
5,923 10,045

Non-cancellable operating leases
31/5/23 31/5/22
£    £   
Within one year 13,906 11,000
Between one and five years 16,665 16,042
30,571 27,042

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Peter Clinch Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peter Clinch Ltd for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position, 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://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Peter Clinch Ltd, as a body, in accordance with the terms of our engagement letter dated 23 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Peter Clinch Ltd and state those matters that we have agreed to state to the Board of Directors of Peter Clinch Ltd, 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 company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Peter Clinch Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peter Clinch Ltd. You consider that Peter Clinch Ltd 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 financial statements of Peter Clinch Ltd. 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.






HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS


Date: .............................................