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REGISTERED NUMBER: SC580389 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

A R CLOTWORTHY PERFORMANCE LTD

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A R CLOTWORTHY PERFORMANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A Clotworthy





REGISTERED OFFICE: 54 Brora Crescent
Kilmarnock
Ayrshire
KA3 1AF





REGISTERED NUMBER: SC580389 (Scotland)





ACCOUNTANTS: Henry Brown & Co
Chartered Accountants
26 Portland Road
Kilmarnock
Ayrshire
KA1 2EB

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,881 72,704

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 5 12,374 11,784
Cash at bank 41,061 53,044
58,935 70,328
CREDITORS
Amounts falling due within one year 6 47,015 52,534
NET CURRENT ASSETS 11,920 17,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,801

90,498

CREDITORS
Amounts falling due after more than one year 7 (53,160 ) (77,132 )

PROVISIONS FOR LIABILITIES (11,514 ) (13,353 )
NET ASSETS 10,127 13

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,126 12
10,127 13

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

BALANCE SHEET - continued
30 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 director and authorised for issue on 22 August 2024 and were signed by:





A Clotworthy - Director


A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

A R Clotworthy Performance Ltd is a private company, limited by shares , registered in Scotland. 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 financial statements relate to a single company.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 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.

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 127,943 18,995 146,938
Additions 2,003 - 2,003
At 30 November 2023 129,946 18,995 148,941
DEPRECIATION
At 1 December 2022 63,705 10,529 74,234
Charge for year 9,710 2,116 11,826
At 30 November 2023 73,415 12,645 86,060
NET BOOK VALUE
At 30 November 2023 56,531 6,350 62,881
At 30 November 2022 64,238 8,466 72,704

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 20,346 18,995 39,341
Transfer to ownership (12,256 ) - (12,256 )
At 30 November 2023 8,090 18,995 27,085
DEPRECIATION
At 1 December 2022 5,701 10,529 16,230
Charge for year 1,198 2,116 3,314
Transfer to ownership (5,601 ) - (5,601 )
At 30 November 2023 1,298 12,645 13,943
NET BOOK VALUE
At 30 November 2023 6,792 6,350 13,142
At 30 November 2022 14,645 8,466 23,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,670 2,834
Other debtors 6,704 8,950
12,374 11,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,437 16,351
Hire purchase contracts (see note 8) 5,724 14,595
Trade creditors 8,566 13,834
Taxation and social security 17,187 5,680
Other creditors 5,101 2,074
47,015 52,534

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 52,268 71,956
Hire purchase contracts (see note 8) 892 5,176
53,160 77,132

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,360 14,308

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,724 14,595
Between one and five years 892 5,176
6,616 19,771

The total amount of leasing payments due on the lease of the property over the full lease duration is £88,484..

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 62,705 88,307
Hire purchase contracts 6,616 19,771
69,321 108,078

The bank loan is secured by a bond and floating charge over the assets of the company and by a personal guarantee from director A Clotworthy.

The hire purchase agreements are secured against the assets and by a personal guarantee from director A Clotworthy.

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
A Clotworthy
Balance outstanding at start of year 8,950 -
Amounts advanced - 26,833
Amounts repaid (2,246 ) (17,883 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,704 8,950