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Company Registration No. 04691507 (England and Wales)
Clan Finance Limited Unaudited accounts for the year ended 31 March 2024
Clan Finance Limited Unaudited accounts Contents
Page
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Clan Finance Limited Company Information for the year ended 31 March 2024
Directors
Ian James Parker Nicola Jane Parker
Company Number
04691507 (England and Wales)
Registered Office
SUNNYBANK HOUSE HIGH STREET MAYFIELD TN20 6AA ENGLAND
Accountants
Blue Arrow Accounting Limited 1 Sunrays East Street Mayfield East Sussex TN20 6TZ
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Clan Finance Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,452 
885 
Current assets
Debtors
7,908 
14,884 
Cash at bank and in hand
51,500 
27,550 
59,408 
42,434 
Creditors: amounts falling due within one year
(41,338)
(42,391)
Net current assets
18,070 
43 
Net assets
19,522 
928 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,422 
828 
Shareholders' funds
19,522 
928 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by
Ian James Parker Director Company Registration No. 04691507
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Clan Finance Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Clan Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 04691507. The registered office is SUNNYBANK HOUSE, HIGH STREET, MAYFIELD, TN20 6AA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
3 year straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,678 
366 
9,044 
Additions
- 
1,281 
1,281 
At 31 March 2024
8,678 
1,647 
10,325 
Depreciation
At 1 April 2023
8,017 
142 
8,159 
Charge for the year
165 
549 
714 
At 31 March 2024
8,182 
691 
8,873 
Net book value
At 31 March 2024
496 
956 
1,452 
At 31 March 2023
661 
224 
885 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
7,908 
14,884 
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Clan Finance Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,000 
19,500 
VAT
12,420 
13,670 
Taxes and social security
14,918 
9,221 
41,338 
42,391 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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