IRIS Accounts Production v24.2.0.383 01011780 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010117802022-12-31010117802023-12-31010117802023-01-012023-12-31010117802021-12-31010117802022-01-012022-12-31010117802022-12-3101011780ns15:EnglandWales2023-01-012023-12-3101011780ns14:PoundSterling2023-01-012023-12-3101011780ns10:Director12023-01-012023-12-3101011780ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101011780ns10:SmallEntities2023-01-012023-12-3101011780ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101011780ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101011780ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101011780ns10:FullAccounts2023-01-012023-12-3101011780ns10:RegisteredOffice2023-01-012023-12-3101011780ns5:CurrentFinancialInstruments2023-12-3101011780ns5:CurrentFinancialInstruments2022-12-3101011780ns5:ShareCapital2023-12-3101011780ns5:ShareCapital2022-12-3101011780ns5:RetainedEarningsAccumulatedLosses2023-12-3101011780ns5:RetainedEarningsAccumulatedLosses2022-12-3101011780ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101011780ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 01011780 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ANGLO CONTINENTAL CLOCK COMPANY LIMITED

ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780)

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


ANGLO CONTINENTAL CLOCK COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: K J Leonard





REGISTERED OFFICE: Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ





REGISTERED NUMBER: 01011780 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 1,055,196 1,405,646
Debtors 5 2,517,034 1,784,649
3,572,230 3,190,295
CREDITORS
Amounts falling due within one year 6 759,388 473,071
NET CURRENT ASSETS 2,812,842 2,717,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,812,842

2,717,224

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 2,792,842 2,697,224
SHAREHOLDERS' FUNDS 2,812,842 2,717,224

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.

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.

ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780)

BALANCE SHEET - continued
31 December 2023



The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





K J Leonard - Director


ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Anglo Continental Clock Company 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.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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.

Foreign currency translation
Transactions denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the date of transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rates ruling at that date. The transaction differences are dealt with in the profit and loss account.

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 17 (2022 - 15 ) .

ANGLO CONTINENTAL CLOCK COMPANY LIMITED (REGISTERED NUMBER: 01011780)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. STOCKS
2023 2022
£    £   
Stocks 959,945 1,188,168
Payments on account 95,251 217,478
1,055,196 1,405,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 873,532 570,847
Amounts owed by group undertakings 1,588,353 1,139,347
Other debtors 55,149 74,455
2,517,034 1,784,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 77,469 26,426
Taxation and social security 124,525 141,691
Other creditors 557,394 304,954
759,388 473,071

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the Leonard family. The ultimate parent company is Acctim Limited.