Registered number
08577325
K.H. CLAD LTD
Filleted Accounts
30 July 2023
K.H. CLAD LTD
Registered number: 08577325
Balance Sheet
as at 30 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 38,075 39,182
Current assets
Debtors 4 33,357 82,387
Cash at bank and in hand 141,787 100,491
175,144 182,878
Creditors: amounts falling due within one year 5 (144,081) (130,444)
Net current assets 31,063 52,434
Net assets 69,138 91,616
Capital and reserves
Called up share capital 100 100
Profit and loss account 69,038 91,516
Shareholders' funds 69,138 91,616
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Halliwell
Director
Approved by the board on 1 March 2024
K.H. CLAD LTD
Notes to the Accounts
for the year ended 30 July 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 31 July 2022 32,210 5,965 14,995 53,170
Additions - - 5,000 5,000
At 30 July 2023 32,210 5,965 19,995 58,170
Depreciation
At 31 July 2022 6,444 3,795 3,749 13,988
Charge for the year 1,611 434 4,062 6,107
At 30 July 2023 8,055 4,229 7,811 20,095
Net book value
At 30 July 2023 24,155 1,736 12,184 38,075
At 30 July 2022 25,766 2,170 11,246 39,182
4 Debtors 2023 2022
£ £
CIS debtor 32,357 82,387
Other debtors 1,000 -
33,357 82,387
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 900
Taxation and social security costs 37,938 46,689
Director's account 106,066 83,569
Accruals 5,108 1,663
VAT (5,031) (2,377)
144,081 130,444
6 Other information
K.H. CLAD LTD is a private company limited by shares and incorporated in England. Its registered office is:
35-37 Stamford Street
Mossley
Lancashire
OL5 0LN
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