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REGISTERED NUMBER: 05170689 (England and Wales)














K CLANCY BUILDERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






K CLANCY BUILDERS LIMITED (REGISTERED NUMBER: 05170689)






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


K CLANCY BUILDERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: K J Clancy
Mrs J M Clancy





SECRETARY: Mrs J M Clancy





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 05170689 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

K CLANCY BUILDERS LIMITED (REGISTERED NUMBER: 05170689)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 472

CURRENT ASSETS
Debtors 6 7,058 5,362
Cash at bank 47,644 40,210
54,702 45,572
CREDITORS
Amounts falling due within one year 7 31,433 29,266
NET CURRENT ASSETS 23,269 16,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,269

16,778

PROVISIONS FOR LIABILITIES - 90
NET ASSETS 23,269 16,688

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 23,169 16,588
SHAREHOLDERS' FUNDS 23,269 16,688

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.

K CLANCY BUILDERS LIMITED (REGISTERED NUMBER: 05170689)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





K J Clancy - Director


K CLANCY BUILDERS LIMITED (REGISTERED NUMBER: 05170689)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

K Clancy Builders 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

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

K CLANCY BUILDERS LIMITED (REGISTERED NUMBER: 05170689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 458 19,745 2,671 22,874
DEPRECIATION
At 1 January 2023 458 19,745 2,199 22,402
Charge for year - - 472 472
At 31 December 2023 458 19,745 2,671 22,874
NET BOOK VALUE
At 31 December 2023 - - - -
At 31 December 2022 - - 472 472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 420
Other debtors 7,058 4,942
7,058 5,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 471 1,122
Taxation and social security 5,855 411
Other creditors 25,107 27,733
31,433 29,266

8. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company. During the year, loans in aggregate of £2,746 were repaid by the company. At the year end the directors were owed £22,587.