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REGISTERED NUMBER: 04749462 (England and Wales)













Clewlow Electrical Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Clewlow Electrical Limited (Registered number: 04749462)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clewlow Electrical Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: J Clewlow





SECRETARY: Ms G E Clare





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 04749462 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Clewlow Electrical Limited (Registered number: 04749462)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,387 20,603
16,387 20,603

CURRENT ASSETS
Stocks 469 438
Debtors 6 11,057 24,647
Cash at bank 86,626 77,411
98,152 102,496
CREDITORS
Amounts falling due within one year 7 36,928 44,942
NET CURRENT ASSETS 61,224 57,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,611

78,157

CREDITORS
Amounts falling due after more than one
year

8

(962

)

(3,140

)

PROVISIONS FOR LIABILITIES (3,114 ) (3,915 )
NET ASSETS 73,535 71,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,435 71,002
SHAREHOLDERS' FUNDS 73,535 71,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Clewlow Electrical Limited (Registered number: 04749462)

Balance Sheet - continued
29 February 2024


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 2 August 2024 and were signed by:





J Clewlow - Director


Clewlow Electrical Limited (Registered number: 04749462)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Clewlow Electrical 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.

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 represents net invoice value of goods and services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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 3 (2023 - 3 ) .

Clewlow Electrical Limited (Registered number: 04749462)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 30,000
AMORTISATION
At 1 March 2023
and 29 February 2024 30,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 4,274 2,245 35,679 8,839 51,037
Additions 1,000 - - - 1,000
At 29 February 2024 5,274 2,245 35,679 8,839 52,037
DEPRECIATION
At 1 March 2023 2,846 2,002 17,578 8,008 30,434
Charge for year 365 49 4,525 277 5,216
At 29 February 2024 3,211 2,051 22,103 8,285 35,650
NET BOOK VALUE
At 29 February 2024 2,063 194 13,576 554 16,387
At 28 February 2023 1,428 243 18,101 831 20,603

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,002 23,890
Other debtors 1,055 757
11,057 24,647

Clewlow Electrical Limited (Registered number: 04749462)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,304 2,304
Trade creditors (2 ) 4,835
Taxation and social security 13,184 15,569
Other creditors 21,442 22,234
36,928 44,942

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 962 3,140