IRIS Accounts Production v24.1.4.33 07124939 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071249392022-12-31071249392023-12-31071249392023-01-012023-12-31071249392021-12-31071249392022-01-012022-12-31071249392022-12-3107124939ns15:EnglandWales2023-01-012023-12-3107124939ns14:PoundSterling2023-01-012023-12-3107124939ns10:Director12023-01-012023-12-3107124939ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107124939ns10:SmallEntities2023-01-012023-12-3107124939ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107124939ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107124939ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107124939ns10:FullAccounts2023-01-012023-12-3107124939ns10:RegisteredOffice2023-01-012023-12-3107124939ns5:CurrentFinancialInstruments2023-12-3107124939ns5:CurrentFinancialInstruments2022-12-3107124939ns5:ShareCapital2023-12-3107124939ns5:ShareCapital2022-12-3107124939ns5:RetainedEarningsAccumulatedLosses2023-12-3107124939ns5:RetainedEarningsAccumulatedLosses2022-12-3107124939ns5:FurnitureFittings2022-12-3107124939ns5:FurnitureFittings2023-01-012023-12-3107124939ns5:FurnitureFittings2023-12-3107124939ns5:FurnitureFittings2022-12-3107124939ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107124939ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07124939 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Clay McGuire Executive Limited

Clay McGuire Executive Limited (Registered number: 07124939)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clay McGuire Executive Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J A Clay





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 07124939 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Clay McGuire Executive Limited (Registered number: 07124939)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 390 -

CURRENT ASSETS
Debtors 5 11,155 21,308
Cash at bank 149,604 11,899
160,759 33,207
CREDITORS
Amounts falling due within one year 6 90,771 13,214
NET CURRENT ASSETS 69,988 19,993
TOTAL ASSETS LESS CURRENT LIABILITIES 70,378 19,993

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 70,253 19,868
70,378 19,993

Clay McGuire Executive Limited (Registered number: 07124939)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 July 2024 and were signed by:





J A Clay - Director


Clay McGuire Executive Limited (Registered number: 07124939)

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

1. STATUTORY INFORMATION

Clay McGuire Executive 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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- the entity retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the services provided;
- the cost incurred or to be incurred in respect of the transaction can be reliably measured;
- all of the significant risks and rewards of ownership have been transferred to the customer; and
- specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost


Clay McGuire Executive Limited (Registered number: 07124939)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Clay McGuire Executive Limited (Registered number: 07124939)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 114
Additions 480
At 31 December 2023 594
DEPRECIATION
At 1 January 2023 114
Charge for year 90
At 31 December 2023 204
NET BOOK VALUE
At 31 December 2023 390
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 10,162 20,319
Other debtors 993 989
11,155 21,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,850 879
Taxation and social security 27,617 8,815
Other creditors 61,304 3,520
90,771 13,214

Clay McGuire Executive Limited (Registered number: 07124939)

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

7. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management


Total
2023 £ £
At start of period 398 398
Advanced 85,463 85,463
Repaid (66,720 ) (66,720 )
At end of period 19,141 19,141


Key
management


Total
2022 £ £
At start of period - -
Advanced 153,725 153,725
Repaid (153,327 ) (153,327 )
At end of period 398 398

Loans from key management are interest free and repayable on demand.

Clay McGuire Executive Limited (Registered number: 07124939)

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

7. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Other related
parties


Total
2023 £ £
At start of period - -
Advanced 408 408
Repaid - -
At end of period 408 408


Key
management


Total
2022 £ £
At start of period 1,225 1,225
Advanced - -
Repaid (1,225 ) (1,225 )
At end of period - -

Loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000 per director. Interest is charged at the HMRC prevailing rate.

Loans to other related parties are interest free and repayable on demand.