Registered number
07885383
Clover Accounting Services Limited
Filleted Accounts
31 December 2023
Clover Accounting Services Limited
Registered number: 07885383
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,310 1,217
Current assets
Debtors 4 14,323 10,561
Cash at bank and in hand 8,033 7,949
22,356 18,510
Creditors: amounts falling due within one year 5 (11,993) (9,265)
Net current assets 10,363 9,245
Net assets 11,673 10,462
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,672 10,461
Shareholder's funds 11,673 10,462
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Heidi Dennis
Director
Approved by the board on 26 September 2024
Clover Accounting Services Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 3,337
Additions 530
At 31 December 2023 3,867
Depreciation
At 1 January 2023 2,120
Charge for the year 437
At 31 December 2023 2,557
Net book value
At 31 December 2023 1,310
At 31 December 2022 1,217
4 Debtors 2023 2022
£ £
Trade debtors 13,703 9,941
Other debtors 620 620
14,323 10,561
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 10,029 7,470
Other creditors 1,964 1,795
11,993 9,265
6 Other information
Clover Accounting Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 20, 50 Churchill Square
Kings Hill
West Malling
Kent
ME19 4YU
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