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REGISTERED NUMBER: 10495372 (England and Wales)


Financial Statements for the Year Ended 31 December 2023

for

Clayton Off Licence Ltd.

Clayton Off Licence Ltd. (Registered number: 10495372)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Clayton Off Licence Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Ashneet Singh Khurana





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 10495372 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Clayton Off Licence Ltd. (Registered number: 10495372)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,583 21,583
Tangible assets 5 13,428 17,904
35,011 39,487

CURRENT ASSETS
Stocks 14,852 14,784
Debtors 6 5,750 5,687
Cash at bank and in hand 88,590 46,169
109,192 66,640
CREDITORS
Amounts falling due within one year 7 97,389 46,826
NET CURRENT ASSETS 11,803 19,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,814

59,301

CREDITORS
Amounts falling due after more than one
year

8

26,790

39,429
NET ASSETS 20,024 19,872

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 19,924 19,772
SHAREHOLDERS' FUNDS 20,024 19,872

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 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.

Clayton Off Licence Ltd. (Registered number: 10495372)

Statement of Financial Position - 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 director and authorised for issue on 16 September 2024 and were signed by:





Mr Ashneet Singh Khurana - Director


Clayton Off Licence Ltd. (Registered number: 10495372)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Clayton Off Licence 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.

Turnover
Turnover represents gross sales of invoiced goods and services including Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 21,583
NET BOOK VALUE
At 31 December 2023 21,583
At 31 December 2022 21,583

Clayton Off Licence Ltd. (Registered number: 10495372)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 28,741
DEPRECIATION
At 1 January 2023 10,837
Charge for year 4,476
At 31 December 2023 15,313
NET BOOK VALUE
At 31 December 2023 13,428
At 31 December 2022 17,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,690 2,656
Other debtors 4,060 3,031
5,750 5,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 70,740 9,545
Taxation and social security 9,341 7,605
Other creditors 17,308 29,676
97,389 46,826

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 18,752 26,876
Hire purchase contracts 8,038 12,553
26,790 39,429

Clayton Off Licence Ltd. (Registered number: 10495372)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100