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REGISTERED NUMBER: 07114769 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Clearance and Logistics Ltd

Clearance and Logistics Ltd (Registered number: 07114769)






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


Clearance and Logistics Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr B C Goodall
Mr R Goodall





REGISTERED OFFICE: Freightstore
Bridge Farm Ind Estate
Old Newton
Stowmarket
Suffolk
IP14 4PA





REGISTERED NUMBER: 07114769 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Clearance and Logistics Ltd (Registered number: 07114769)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,422 59,423

CURRENT ASSETS
Debtors 5 375,330 241,009
Cash at bank 28,325 46,802
403,655 287,811
CREDITORS
Amounts falling due within one year 6 296,225 130,873
NET CURRENT ASSETS 107,430 156,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,852

216,361

CREDITORS
Amounts falling due after more than one
year

7

(133,663

)

(160,628

)

PROVISIONS FOR LIABILITIES (7,172 ) (7,487 )
NET ASSETS 18,017 48,246

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 18,015 48,244
SHAREHOLDERS' FUNDS 18,017 48,246

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.

Clearance and Logistics Ltd (Registered number: 07114769)

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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr R Goodall - Director


Clearance and Logistics Ltd (Registered number: 07114769)

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

1. STATUTORY INFORMATION

Clearance and Logistics 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Clearance and Logistics Ltd (Registered number: 07114769)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 81,058
Additions 30,739
Disposals (33,850 )
At 31 December 2023 77,947
DEPRECIATION
At 1 January 2023 21,635
Charge for year 11,794
Eliminated on disposal (6,904 )
At 31 December 2023 26,525
NET BOOK VALUE
At 31 December 2023 51,422
At 31 December 2022 59,423

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 54,185
Additions 30,739
Disposals (33,850 )
At 31 December 2023 51,074
DEPRECIATION
At 1 January 2023 9,274
Charge for year 8,166
Eliminated on disposal (6,904 )
At 31 December 2023 10,536
NET BOOK VALUE
At 31 December 2023 40,538
At 31 December 2022 44,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 286,590 193,259
Other debtors 88,740 47,750
375,330 241,009

Clearance and Logistics Ltd (Registered number: 07114769)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 40,825 26,625
Hire purchase contracts 13,830 13,655
Trade creditors 228,500 68,847
Taxation and social security 11,202 21,496
Other creditors 1,868 250
296,225 130,873

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 23,454 29,169
Other creditors 110,209 131,459
133,663 160,628

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Goodall.

The ultimate controlling party is Mr R Goodall.