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REGISTERED NUMBER: 02210498 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CLAYTON VS LIMITED

CLAYTON VS LIMITED (REGISTERED NUMBER: 02210498)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLAYTON VS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: G K Insley
D J Allsop
V F Insley



SECRETARY: G K Insley



REGISTERED OFFICE: Hunter Terrace
Fletchworth Gate
Burnsall Road
Coventry
Warwickshire
CV5 6SP



REGISTERED NUMBER: 02210498 (England and Wales)



BANKERS: Handelsbanken
ECG4, Enterprise Ctr
Technology Park
Puma Way
Coventry
CV1 2TT

CLAYTON VS LIMITED (REGISTERED NUMBER: 02210498)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,975 86,938

CURRENT ASSETS
Stocks 444,089 463,839
Debtors 5 1,058,678 743,655
Cash at bank and in hand 174,480 94,947
1,677,247 1,302,441
CREDITORS
Amounts falling due within one year 6 718,229 353,283
NET CURRENT ASSETS 959,018 949,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,071,993

1,036,096

PROVISIONS FOR LIABILITIES 8 26,231 14,789
NET ASSETS 1,045,762 1,021,307

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 1,044,762 1,020,307
SHAREHOLDERS' FUNDS 1,045,762 1,021,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

CLAYTON VS LIMITED (REGISTERED NUMBER: 02210498)

BALANCE SHEET - continued
31 December 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 10 June 2024 and were signed on its behalf by:





V F Insley - Director


CLAYTON VS LIMITED (REGISTERED NUMBER: 02210498)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Clayton VS 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

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 equipment - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance and Straight line over 4 years

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.

CLAYTON VS LIMITED (REGISTERED NUMBER: 02210498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Loans and receivables
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
equipment fittings Totals
£    £    £   
COST
At 1 January 2023 237,469 336,264 573,733
Additions - 47,380 47,380
At 31 December 2023 237,469 383,644 621,113
DEPRECIATION
At 1 January 2023 179,857 306,938 486,795
Charge for year 6,776 14,567 21,343
At 31 December 2023 186,633 321,505 508,138
NET BOOK VALUE
At 31 December 2023 50,836 62,139 112,975
At 31 December 2022 57,612 29,326 86,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 349,748 243,677
Amounts owed by group undertakings 494,687 -
Other debtors 214,243 499,978
1,058,678 743,655

CLAYTON VS LIMITED (REGISTERED NUMBER: 02210498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 177,100 116,881
Amounts owed to group undertakings - 38,970
Taxation and social security 115,128 88,067
Other creditors 426,001 109,365
718,229 353,283

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 60,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 26,231 14,789

Deferred
tax
£   
Balance at 1 January 2023 14,789
Charge to Income Statement during year 11,442
Balance at 31 December 2023 26,231

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 January 2023 1,020,307
Profit for the year 24,455
At 31 December 2023 1,044,762

CLAYTON VS LIMITED (REGISTERED NUMBER: 02210498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £31,066 (2022 - £28,901). Contributions totalling £4,731 (2022 - £4,052) were payable to the fund at the year end and are included in creditors.

12. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.

13. ULTIMATE PARENT COMPANY

Clayton CC Limited is regarded by the directors as being the company's ultimate parent company.