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REGISTERED NUMBER: 10661846 (England and Wales)









Financial Statements for the Year Ended 31st March 2024

for

Clay Legal Ltd

Clay Legal Ltd (Registered number: 10661846)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clay Legal Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mrs E H Triggs
C N Triggs





REGISTERED OFFICE: 54 Newberries Avenue
Radlett
WD7 7EP





REGISTERED NUMBER: 10661846 (England and Wales)





ACCOUNTANTS: Vitta Advisory Limited
54 Newberries Avenue
Radlett
WD7 7EP

Clay Legal Ltd (Registered number: 10661846)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,358 33,810

CURRENT ASSETS
Debtors 5 9 1,486
Cash at bank 129 6,176
138 7,662
CREDITORS
Amounts falling due within one year 6 (22,807 ) (22,377 )
NET CURRENT LIABILITIES (22,669 ) (14,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,689

19,095

CREDITORS
Amounts falling due after more than one
year

7

(8,660

)

(13,693

)
NET (LIABILITIES)/ASSETS (5,971 ) 5,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,071 ) 5,302
(5,971 ) 5,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Clay Legal Ltd (Registered number: 10661846)

Balance Sheet - continued
31st March 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 Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:





C N Triggs - Director


Clay Legal Ltd (Registered number: 10661846)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Clay Legal 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.

The Directors have thoroughly reviewed the company's financial position, considering current trading performance, forecasts, and available financial resources. They reasonably expect the company to have adequate resources to continue operating for the foreseeable future, supported by the Directors' commitment to providing necessary support.

Therefore, these financial statements are prepared on a going concern basis, assuming the realisation of assets and settlement of liabilities in the normal course of business for at least twelve months from the date of signing.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Clay Legal Ltd (Registered number: 10661846)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 2,188 56,920 4,272 63,380
DEPRECIATION
At 1st April 2023 238 26,236 3,096 29,570
Charge for year 487 7,671 294 8,452
At 31st March 2024 725 33,907 3,390 38,022
NET BOOK VALUE
At 31st March 2024 1,463 23,013 882 25,358
At 31st March 2023 1,950 30,684 1,176 33,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 9 1,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 4,549 4,549
Other creditors 18,258 17,828
22,807 22,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 8,660 13,693