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REGISTERED NUMBER: 08213899 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CLIFTON EMERY DESIGN LIMITED

CLIFTON EMERY DESIGN LIMITED (REGISTERED NUMBER: 08213899)

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


CLIFTON EMERY DESIGN LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D A Clifton
N J Emery
G E G Fuell





REGISTERED OFFICE: 3 Southernhay West
Exeter
EX1 1JG





REGISTERED NUMBER: 08213899 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

CLIFTON EMERY DESIGN LIMITED (REGISTERED NUMBER: 08213899)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 33,814 41,744

CURRENT ASSETS
Stocks 6 33,175 13,650
Debtors 7 487,853 545,527
Cash at bank and in hand 122,249 204,287
643,277 763,464
CREDITORS
Amounts falling due within one year 8 (300,987 ) (345,189 )
NET CURRENT ASSETS 342,290 418,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,104

460,019

CREDITORS
Amounts falling due after more than one
year

9

(72,799

)

(112,055

)

PROVISIONS FOR LIABILITIES (4,801 ) (4,801 )
NET ASSETS 298,504 343,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 298,404 343,063
298,504 343,163

CLIFTON EMERY DESIGN LIMITED (REGISTERED NUMBER: 08213899)

Balance Sheet - continued
31 DECEMBER 2023


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.

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 14 June 2024 and were signed on its behalf by:




D A Clifton - Director



N J Emery - Director


CLIFTON EMERY DESIGN LIMITED (REGISTERED NUMBER: 08213899)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Clifton Emery Design 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company's principal place of business is: Hems House, 84 Longbrook Street, Exeter, Devon EX4 6AP.

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.

Turnover
Turnover represents amounts chargeable in respect of the provision of services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 21 years
Fixtures and fittings - 25% on reducing balance
Bicycles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

CLIFTON EMERY DESIGN LIMITED (REGISTERED NUMBER: 08213899)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 40 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Motor and
leasehold vehicles fittings
£    £    £   
COST
At 1 January 2023 36,281 7,728 27,927
Additions - - 240
Disposals - - -
At 31 December 2023 36,281 7,728 28,167
DEPRECIATION
At 1 January 2023 39,804 5,894 16,600
Charge for year (3,523 ) 459 2,891
Eliminated on disposal - - -
At 31 December 2023 36,281 6,353 19,491
NET BOOK VALUE
At 31 December 2023 - 1,375 8,676
At 31 December 2022 (3,523 ) 1,834 11,327

CLIFTON EMERY DESIGN LIMITED (REGISTERED NUMBER: 08213899)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Computer
Bicycles equipment Totals
£    £    £   
COST
At 1 January 2023 2,405 101,680 176,021
Additions - - 240
Disposals - (783 ) (783 )
At 31 December 2023 2,405 100,897 175,478
DEPRECIATION
At 1 January 2023 2,110 69,869 134,277
Charge for year 74 7,847 7,748
Eliminated on disposal - (361 ) (361 )
At 31 December 2023 2,184 77,355 141,664
NET BOOK VALUE
At 31 December 2023 221 23,542 33,814
At 31 December 2022 295 31,811 41,744

6. STOCKS
2023 2022
£    £   
Work-in-progress 33,175 13,650

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 459,017 522,857
Other debtors 7,212 7,784
Prepayments 21,624 14,886
487,853 545,527

CLIFTON EMERY DESIGN LIMITED (REGISTERED NUMBER: 08213899)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,918 40,250
Trade creditors 32,216 24,132
Tax - 15,937
Social security and other taxes 23,618 27,020
VAT 169,496 205,392
Other creditors 21,662 20,005
Directors' current accounts 9,787 8,521
Accrued expenses 4,290 3,932
300,987 345,189

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 41,861 41,584
Bank loans - 2-5 years 30,938 70,471
72,799 112,055

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 20,146 2,320
Between one and five years 9,137 3,868
29,283 6,188