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Registered number: 05852787

W F Clayton & Co Limited

ACCOUNTS
FOR THE YEAR ENDED 30/07/2023

Prepared By:
Kevan Cooper
Suite 5A
30 Dean Street
Bangor
Gwynedd
LL57 1YA

W F Clayton & Co Limited

ACCOUNTS
FOR THE YEAR ENDED 30/07/2023
DIRECTORS
P V Williams
SECRETARY
P V Williams
REGISTERED OFFICE
Unit 1a Llys Onnen
Parc Menai
Bangor
Gwynedd
LL57 4DF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05852787
ACCOUNTANTS
Kevan Cooper
Suite 5A
30 Dean Street
Bangor
Gwynedd
LL57 1YA

W F Clayton & Co Limited

ACCOUNTS
FOR THEYEARENDED30/07/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

W F Clayton & Co Limited

BALANCE SHEET AT 30/07/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2257,888243,275
CURRENT ASSETS
Stock458,547490,444
Debtors4913,548921,707
Cash at bank and in hand744,384419,262
2,116,4791,831,413
CREDITORS: Amounts falling due within one year51,312,7391,361,130
NET CURRENT ASSETS803,740470,283
TOTAL ASSETS LESS CURRENT LIABILITIES1,061,628713,558
CREDITORS: Amounts falling due after more than one year6144,542165,361
NET ASSETS917,086548,197
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account916,986548,097
SHAREHOLDERS' FUNDS917,086548,197
For the year ending 30/07/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/11/2023 and signed on their behalf by
.............................
P V Williams
Director

W F Clayton & Co Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

W F Clayton & Co Limited

2. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsTotal
£££££
Cost
At 31/07/2022200,000113,021101,5696,843421,433
Additions-22,93915,0623,86341,864
At 30/07/2023200,000135,960116,63110,706463,297
Depreciation
At 31/07/20228,00088,01177,7774,370178,158
For the year4,00011,9709,7061,57527,251
At 30/07/202312,00099,98187,4835,945205,409
Net Book Amounts
At 30/07/2023188,00035,97929,1484,761257,888
At 30/07/2022192,00025,01023,7922,473243,275
3. STOCK 20232022
££
Stock comprises:
Stock6,5006,500
Work in progress452,047483,944
458,547490,444
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors564,498747,427
Other debtors345,377170,607
Prepayments3,6733,673
913,548921,707

W F Clayton & Co Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Taxation and social security787,245501,013
Directors current account30,40366,938
Trade creditors476,387775,901
Other creditors3,9215,255
Accruals14,78312,023
1,312,7391,361,130
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr26,45534,180
Bank loans (secured) >1yr118,087131,181
144,542165,361
7. EMPLOYEES
20232022
No.No.
Average number of employees1617
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Class 1 shares of £1.00 each100100
100100