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REGISTERED NUMBER: 03539836 (England and Wales)
























Claytex Services Limited

Financial Statements for the Year Ended 31st December 2023






Claytex Services Limited (Registered number: 03539836)

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










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Claytex Services Limited

Company Information
for the Year Ended 31st December 2023







Directors: M G Falkman
M Brown
M Dempsey





Registered office: Edmund House, Rugby Road
Leamington Spa
Warwickshire
CV32 6EL





Registered number: 03539836 (England and Wales)





Auditors: MHA
Statutory Auditors
Northampton
United Kingdom

Claytex Services Limited (Registered number: 03539836)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 67,766 11,568
Investments 5 37,060 37,060
104,826 48,628

Current assets
Debtors 6 585,940 360,838
Cash at bank 367,777 1,064,052
953,717 1,424,890
Creditors
Amounts falling due within one year 7 831,269 796,724
Net current assets 122,448 628,166
Total assets less current liabilities 227,274 676,794

Creditors
Amounts falling due after more than one
year

8

16,871

64,245
Net assets 210,403 612,549

Capital and reserves
Called up share capital 2 2
Share premium 2,750 2,750
Retained earnings 207,651 609,797
210,403 612,549

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 15th July 2024 and were signed on its behalf by:





M Brown - Director


Claytex Services Limited (Registered number: 03539836)

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


1. Statutory information

Claytex Services 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Going Concern
The financial statements are prepared on a going concern basis. The directors have considered relevant information, including the post year end performance and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual accounts.

Addnode Group AB, the ultimate parent company, has also indicated a willingness to provide financial support in the future.

Claytex Services Limited (Registered number: 03539836)

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


2. Accounting policies - continued

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Claytex Services Limited (Registered number: 03539836)

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

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective method, less any impairment,

Foreign currencies
Foreign currency translations are translated in the functional currency using the spot exchange rates at the dates of the transactions.

At each period end, foreign currency monetary items are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Leasing commitments
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 are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Claytex Services Limited (Registered number: 03539836)

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


2. Accounting policies - continued

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effetive interest method.

3. Employees and directors

The average number of employees during the year was 17 (2022 - 15 ) .

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st January 2023 18,728
Additions 64,520
At 31st December 2023 83,248
Depreciation
At 1st January 2023 7,160
Charge for year 8,322
At 31st December 2023 15,482
Net book value
At 31st December 2023 67,766
At 31st December 2022 11,568

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st January 2023
and 31st December 2023 37,060
Net book value
At 31st December 2023 37,060
At 31st December 2022 37,060

Claytex Services Limited (Registered number: 03539836)

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


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 246,311 343,990
Amounts owed by group undertakings 10,245 -
Other debtors 329,384 16,848
585,940 360,838

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 24,278 -
Trade creditors 50,034 13,480
Amounts owed to group undertakings 18,159 -
Taxation and social security 38,456 105,603
Other creditors 700,342 677,641
831,269 796,724

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 16,871 64,245

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,576 20,959
Between one and five years - 17,446
15,576 38,405

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Richard Powell BA FCA (Senior Statutory Auditor)
for and on behalf of MHA


MHA is the trading name of MacIntyre Hudson LLP, a limited liability partne rship
in England and Wales (registered number OC312313)

Claytex Services Limited (Registered number: 03539836)

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


11. Pension commitments

The Company operates a defined contribution pension scheme. Contributions payable to the Company's pension scheme during the year were £44,046 (2022: £46,784). The amounts outstanding at the balance sheet date were £5,320 (2022: £4,731).

12. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. Ultimate controlling party

The ultimate parent undertaking is Addnode Group AB, Hudiksvallsagatan 4B, SE113 30 Stockholm, Sweden, which is the parent undertaking of the smallest and largest group to consolidate these financial statements. Consolidated accounts can be obtained from the Addnode Group AB registered address.

The directors consider that there is no controlling party.