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REGISTERED NUMBER: 11667962 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

CLOVER LEAF MOT LTD

CLOVER LEAF MOT LTD (REGISTERED NUMBER: 11667962)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOVER LEAF MOT LTD

COMPANY INFORMATION
for the Year Ended 30TH NOVEMBER 2023







DIRECTORS: D Everett
B Harrison





REGISTERED OFFICE: 15 Stanmore Avenue
Blackpool
Lancashire
FY4 3LX





REGISTERED NUMBER: 11667962 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

CLOVER LEAF MOT LTD (REGISTERED NUMBER: 11667962)

BALANCE SHEET
30TH NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,305 14,577
Tangible assets 5 11,088 10,264
23,393 24,841

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 6,047 6,788
Cash at bank and in hand 160,369 109,453
167,416 117,241
CREDITORS
Amounts falling due within one year 7 52,734 38,299
NET CURRENT ASSETS 114,682 78,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,075

103,783

CREDITORS
Amounts falling due after more than one
year

8

(4,500

)

(7,500

)

PROVISIONS FOR LIABILITIES (2,385 ) (1,900 )
NET ASSETS 131,190 94,383

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 11 131,186 94,379
SHAREHOLDERS' FUNDS 131,190 94,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

CLOVER LEAF MOT LTD (REGISTERED NUMBER: 11667962)

BALANCE SHEET - continued
30TH NOVEMBER 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 3rd August 2024 and were signed on its behalf by:





B Harrison - Director


CLOVER LEAF MOT LTD (REGISTERED NUMBER: 11667962)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Clover Leaf MOT Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

CLOVER LEAF MOT LTD (REGISTERED NUMBER: 11667962)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and 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 payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 22,718
AMORTISATION
At 1st December 2022 8,141
Amortisation for year 2,272
At 30th November 2023 10,413
NET BOOK VALUE
At 30th November 2023 12,305
At 30th November 2022 14,577

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 12,304 1,980 900 753 15,937
Additions 737 2,107 - - 2,844
At 30th November 2023 13,041 4,087 900 753 18,781
DEPRECIATION
At 1st December 2022 4,460 666 334 213 5,673
Charge for year 1,287 513 85 135 2,020
At 30th November 2023 5,747 1,179 419 348 7,693
NET BOOK VALUE
At 30th November 2023 7,294 2,908 481 405 11,088
At 30th November 2022 7,844 1,314 566 540 10,264

CLOVER LEAF MOT LTD (REGISTERED NUMBER: 11667962)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 3,920 4,669
Prepayments and accrued income 2,127 2,119
6,047 6,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 21,702 21,523
Tax 16,916 8,809
Social security and other taxes 2,944 1,884
Pensions 242 219
VAT 5,778 1,187
Accrued expenses 2,152 1,677
52,734 38,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 1,500 4,500
4,500 7,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/11/23 30/11/22
£    £   
Within one year 15,600 15,600
Between one and five years 21,900 37,500
37,500 53,100

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
2 Ordinary £2 2 2
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
4 4

All classes of shares carry the same rights.

CLOVER LEAF MOT LTD (REGISTERED NUMBER: 11667962)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH NOVEMBER 2023

11. RESERVES
Retained
earnings
£   

At 1st December 2022 94,379
Profit for the year 56,807
Dividends (20,000 )
At 30th November 2023 131,186

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

30/11/23 30/11/22
£    £   
D Everett
Balance outstanding at start of year - (2 )
Amounts advanced - 2
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

B Harrison
Balance outstanding at start of year - (2 )
Amounts advanced - 2
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

13. CONTROLLING PARTY

The company is controlled by the directors B Harrison and D Everett by virtue of their majority shareholding.