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REGISTERED NUMBER: 06901790 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

CLI Manchester Limited

CLI Manchester Limited (Registered number: 06901790)






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


CLI Manchester Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr J M Ingoe





SECRETARY:





REGISTERED OFFICE: 3 Byron Place
34 Heyes Lane
Alderley Edge
Cheshire
SK9 7JY





REGISTERED NUMBER: 06901790 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

CLI Manchester Limited (Registered number: 06901790)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 480 480
Property, plant and equipment 5 50,612 125,322
51,092 125,802

CURRENT ASSETS
Inventories 6 - 444,000
Debtors 7 201,888 12,427
Cash at bank and in hand 9,526 2,350
211,414 458,777
CREDITORS
Amounts falling due within one year 8 40,975 232,833
NET CURRENT ASSETS 170,439 225,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,531

351,746

CREDITORS
Amounts falling due after more than
one year

9

(129,110

)

(82,098

)

PROVISIONS FOR LIABILITIES 11 (9,051 ) (21,958 )
NET ASSETS 83,370 247,690

CLI Manchester Limited (Registered number: 06901790)

Statement of Financial Position - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 500 500
Other reserves 13 (145,000 ) (145,000 )
Retained earnings 13 227,870 392,190
SHAREHOLDERS' FUNDS 83,370 247,690

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 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 31 August 2023 and were signed by:





Mr J M Ingoe - Director


CLI Manchester Limited (Registered number: 06901790)

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

1. STATUTORY INFORMATION

CLI Manchester 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Costs are being amortised evenly over their estimated useful life of nil years.

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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories 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.


CLI Manchester Limited (Registered number: 06901790)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 1 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Website
Costs
£   
COST
At 1 June 2022
and 31 May 2023 480
NET BOOK VALUE
At 31 May 2023 480
At 31 May 2022 480

CLI Manchester Limited (Registered number: 06901790)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Number Plant and and
Plates machinery fittings
£    £    £   
COST
At 1 June 2022 9,753 114,018 5,293
Disposals (6,775 ) (75,066 ) (5,293 )
At 31 May 2023 2,978 38,952 -
DEPRECIATION
At 1 June 2022 - 56,128 2,104
Charge for year - 1,827 -
Eliminated on disposal - (35,896 ) (2,104 )
At 31 May 2023 - 22,059 -
NET BOOK VALUE
At 31 May 2023 2,978 16,893 -
At 31 May 2022 9,753 57,890 3,189

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 65,018 15,592 209,674
Disposals (8,749 ) (14,451 ) (110,334 )
At 31 May 2023 56,269 1,141 99,340
DEPRECIATION
At 1 June 2022 18,480 7,640 84,352
Charge for year 9,953 156 11,936
Eliminated on disposal (2,024 ) (7,536 ) (47,560 )
At 31 May 2023 26,409 260 48,728
NET BOOK VALUE
At 31 May 2023 29,860 881 50,612
At 31 May 2022 46,538 7,952 125,322

CLI Manchester Limited (Registered number: 06901790)

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

6. INVENTORIES
31.5.23 31.5.22
£    £   
Stocks - 444,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 6,000
Other debtors 198,702 3,500
VAT 3,186 -
Prepayments - 2,927
201,888 12,427

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts (see note 10)
11,595

7,966
Finance leases - 18,053
Trade creditors 545 (5,655 )
Tax 1,571 25,450
Social security and other taxes 15 (402 )
VAT - 7,557
Other creditors - (49 )
Directors' loan accounts 24,754 178,528
Accrued expenses 2,495 1,385
40,975 232,833

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans (see note 10) 129,110 82,098

CLI Manchester Limited (Registered number: 06901790)

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

10. LOANS

An analysis of the maturity of loans is given below:

31.5.23 31.5.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 7,966
Bank loans 11,595 -
11,595 7,966

Amounts falling due between one and two years:
Bank loans - 1-2 years 37,468 42,098

Amounts falling due between two and five years:
Bank loans - 2-5 years 91,642 40,000

11. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 9,051 21,958

Deferred
tax
£   
Balance at 1 June 2022 21,958
Provided during year (12,907 )
Balance at 31 May 2023 9,051

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1,000 Ordinary £1 500 500

CLI Manchester Limited (Registered number: 06901790)

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

13. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 June 2022 392,190 (145,000 ) 247,190
Deficit for the year (162,320 ) (162,320 )
Dividends (2,000 ) (2,000 )
At 31 May 2023 227,870 (145,000 ) 82,870