Registered number
10837349
Clements Innovations Limited
Report and Accounts
30 June 2024
Clements Innovations Limited
Registered number: 10837349
Director's Report
The director presents his report and accounts for the year ended 30 June 2024.
Principal activities
The company's principal activity during the year continued to be provision of IT maintenance and Web consultancy services.

Directors
The following persons served as directors during the year:
Daniel Clements
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 31 July 2024 and signed on its behalf.
Daniel Clements
Director
Clements Innovations Limited
Registered number: 10837349
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 - 5,631
Current assets
Debtors 4 22,615 10,876
Creditors: amounts falling due within one year 5 (69,032) (83,989)
Net current liabilities (46,417) (73,113)
Total assets less current liabilities (46,417) (67,482)
Creditors: amounts falling due after more than one year 6 - (5,430)
Net liabilities (46,417) (72,912)
Capital and reserves
Called up share capital 10 10
Profit and loss account (46,427) (72,922)
Shareholder's funds (46,417) (72,912)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daniel Clements
Director
Approved by the board on 31 July 2024
Clements Innovations Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 13,046
Disposals (13,046)
At 30 June 2024 -
Depreciation
At 1 July 2023 7,415
Charge for the year 3,262
On disposals (10,677)
At 30 June 2024 -
Net book value
At 30 June 2024 -
At 30 June 2023 5,631
4 Debtors 2024 2023
£ £
Trade debtors 22,615 10,876
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans & Overdraft 15,446 17,943
Trade creditors - 15,327
Directors Loan 21,295 10,887
Other taxes and social security costs 32,291 39,832
69,032 83,989
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 5,430
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 3,689 10,350
Business Loans repayable over 5 years, secured by floating debenture and personal guarantee
8 Other information
Clements Innovations Limited is a private company limited by shares and incorporated in England. Its registered office is:
105 Bristol Road
Edgbaston
Birmingham
West Midlands
B5 7TX
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