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REGISTERED NUMBER: 09283407 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st July 2023

for

Clogworks Technologies Limited

Clogworks Technologies Limited (Registered number: 09283407)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clogworks Technologies Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: P A S Opdam
Mrs L V Y Opdam





REGISTERED OFFICE: Permanent House
1 Dundas Street
Huddersfield
HD1 2EX





REGISTERED NUMBER: 09283407 (England and Wales)

Clogworks Technologies Limited (Registered number: 09283407)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,708 96,262

CURRENT ASSETS
Stocks 306,360 292,372
Debtors 5 22,209 71,062
Cash at bank 748 161
329,317 363,595
CREDITORS
Amounts falling due within one year 6 314,502 253,941
NET CURRENT ASSETS 14,815 109,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,523

205,916

CREDITORS
Amounts falling due after more than one
year

7

(153,716

)

(182,611

)

PROVISIONS FOR LIABILITIES - (16,187 )

ACCRUALS AND DEFERRED INCOME (463 ) (533 )
NET (LIABILITIES)/ASSETS (52,656 ) 6,585

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (52,657 ) 6,584
SHAREHOLDERS' FUNDS (52,656 ) 6,585

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st July 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.

Clogworks Technologies Limited (Registered number: 09283407)

Balance Sheet - continued
31st July 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 23rd April 2024 and were signed on its behalf by:





P A S Opdam - Director


Clogworks Technologies Limited (Registered number: 09283407)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Clogworks Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis. This may not be appropriate as the company has net liabilities.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on Reducing Balance
Fixtures and fittings - 10% Straight Line Basis and 10% on Reducing Balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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 balance sheet date.


Clogworks Technologies Limited (Registered number: 09283407)

Notes to the Financial Statements - continued
for the Year Ended 31st July 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 balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Government grants in respect of Covid-19 are recognised as income in the profit and loss account when the grant proceeds are receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Clogworks Technologies Limited (Registered number: 09283407)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 178,550
Additions 899
At 31st July 2023 179,449
DEPRECIATION
At 1st August 2022 82,288
Charge for year 10,453
At 31st July 2023 92,741
NET BOOK VALUE
At 31st July 2023 86,708
At 31st July 2022 96,262

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st August 2022 76,701
Transfer to ownership (60,706 )
At 31st July 2023 15,995
DEPRECIATION
At 1st August 2022 33,465
Charge for year 1,241
Transfer to ownership (29,879 )
At 31st July 2023 4,827
NET BOOK VALUE
At 31st July 2023 11,168
At 31st July 2022 43,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 14,206 45,759
Other debtors 8,003 25,303
22,209 71,062

Clogworks Technologies Limited (Registered number: 09283407)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,786 5,282
Hire purchase contracts 2,879 6,669
Trade creditors 7,504 144
Taxation and social security 5,490 3,735
Other creditors 291,843 238,111
314,502 253,941

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 39,587 43,316
Hire purchase contracts 3,359 6,238
Other creditors 110,770 133,057
153,716 182,611

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments 12,442 17,960

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 6,238 12,907

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P A S Opdam.