Registered number
07444467
Clive Onions Limited
Filleted Accounts
31 March 2024
Clive Onions Limited
Registered number: 07444467
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 12,930
Cash at bank and in hand 33,702 32,540
33,702 45,470
Creditors: amounts falling due within one year 4 (7,485) (9,443)
Net current assets 26,217 36,027
Net assets 26,217 36,027
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,215 36,025
Shareholders' funds 26,217 36,027
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 members have 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.
Mr Clive Onions
Director
Approved by the board on 8 August 2024
Clive Onions Limited
Notes to the Accounts
for the year ended 31 March 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measuerd at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Trade debtors 4,920 -
Other debtors (4,920) 12,930
- 12,930
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (1,725) 233
Other creditors 9,210 9,210
7,485 9,443
5 Controlling party
The ultimate controlling party is C Onions, who together with his wife, owns 100% of the shares in the company.
6 Other information
Clive Onions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4B
Winford Business Park
Winford
Bristol
BS40 8HJ
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