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REGISTERED NUMBER: 05868123 (England and Wales)

















Clifford Engineering (Hull) Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






Clifford Engineering (Hull) Limited (Registered number: 05868123)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clifford Engineering (Hull) Limited

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr M R Clifford





SECRETARY: Mrs L Cobby





REGISTERED OFFICE: 45 Lincoln Street
Hull
East Yorkshire
HU2 0PB





REGISTERED NUMBER: 05868123 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Clifford Engineering (Hull) Limited (Registered number: 05868123)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 123,672 143,245
123,672 143,245

CURRENT ASSETS
Stocks 6 2,000 2,000
Debtors 7 56,251 89,908
Cash at bank 179,864 156,918
238,115 248,826
CREDITORS
Amounts falling due within one year 8 115,909 144,827
NET CURRENT ASSETS 122,206 103,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,878

247,244

CREDITORS
Amounts falling due after more than one
year

9

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (21,559 ) (24,863 )
NET ASSETS 211,819 199,881

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 211,817 199,879
SHAREHOLDERS' FUNDS 211,819 199,881

Clifford Engineering (Hull) Limited (Registered number: 05868123)

BALANCE SHEET - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





Mr M R Clifford - Director


Clifford Engineering (Hull) Limited (Registered number: 05868123)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Clifford Engineering (Hull) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Lodge - Straight line over 10 years

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 Profit and Loss Account, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Clifford Engineering (Hull) Limited (Registered number: 05868123)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Lodge Totals
£    £    £    £    £   
COST
At 1 April 2023 331,573 10,139 31,417 68,685 441,814
Additions 6,428 - - - 6,428
Disposals (7,787 ) - - - (7,787 )
At 31 March 2024 330,214 10,139 31,417 68,685 440,455
DEPRECIATION
At 1 April 2023 238,589 6,877 25,638 27,465 298,569
Charge for year 14,566 816 1,444 6,869 23,695
Eliminated on disposal (5,481 ) - - - (5,481 )
At 31 March 2024 247,674 7,693 27,082 34,334 316,783
NET BOOK VALUE
At 31 March 2024 82,540 2,446 4,335 34,351 123,672
At 31 March 2023 92,984 3,262 5,779 41,220 143,245

Clifford Engineering (Hull) Limited (Registered number: 05868123)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. STOCKS
2024 2023
£    £   
Stocks 2,000 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,462 85,697
Prepayments 4,789 4,211
56,251 89,908

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 26,287 34,306
Receipts in advance 817 -
Tax 7,526 8,363
Social security and other taxes 618 1,053
VAT 9,158 11,776
Credit card 5,748 4,673
Directors' current accounts 52,209 70,112
Accruals 3,546 4,544
115,909 144,827

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
12,500 22,500