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Company Registration No. 09970535 (England and Wales)
Clavis Capital Ltd Unaudited accounts for the year ended 31 January 2024
Clavis Capital Ltd Unaudited accounts Contents
Page
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Clavis Capital Ltd Company Information for the year ended 31 January 2024
Director
S Martin
Company Number
09970535 (England and Wales)
Registered Office
Suite 6, Floor 2 Congress House, 14 Lyon Road Harrow HA1 2EN England
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Clavis Capital Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
689 
442 
Current assets
Debtors
35,249 
36,715 
Cash at bank and in hand
4,629 
2,323 
39,878 
39,038 
Creditors: amounts falling due within one year
(37,494)
(31,275)
Net current assets
2,384 
7,763 
Net assets
3,073 
8,205 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,973 
8,105 
Shareholders' funds
3,073 
8,205 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
S Martin Director Company Registration No. 09970535
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Clavis Capital Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Clavis Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 09970535. The registered office is Suite 6, Floor 2 , Congress House, 14 Lyon Road, Harrow, HA1 2EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.
Revenue
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Clavis Capital Ltd Notes to the Accounts for the year ended 31 January 2024
Pension
Defined contribution pension plan The company operates a defined contribution plan for the director. A defined contribution plan is a pension plan under which the company pays fixed contributions in to a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
The Tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operated and generates income. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arises from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: - The recognition of deferred tax assets is limited to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits; - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the amount that will be assessed for tax . Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balances sheet date.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Clavis Capital Ltd Notes to the Accounts for the year ended 31 January 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
590 
Additions
477 
At 31 January 2024
1,067 
Depreciation
At 1 February 2023
148 
Charge for the year
230 
At 31 January 2024
378 
Net book value
At 31 January 2024
689 
At 31 January 2023
442 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
35,249 
36,715 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
35,694 
26,788 
Accruals
1,800 
4,487 
37,494 
31,275 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
As at 31 January 2024, the director had an overdrawn directors loan account of £25,062 ( 2023 - £26,528), Interest of £730 (2023 - £520) was charged on the overdrawn amount, at the rate of 3% ( 2023 - 2%) per annum.
9
Controlling party
During the year under review, the company was under the control of S Martin by virtue of his 100% shareholding in the company.
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Clavis Capital Ltd Notes to the Accounts for the year ended 31 January 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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