1 February 2023 false No description of principal activity Taxfiler 2024.6 09386512business:PrivateLimitedCompanyLtd2023-02-012024-01-31 093865122023-01-31 093865122023-02-012024-01-31 09386512business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 09386512business:FilletedAccounts2023-02-012024-01-31 093865122024-01-31 09386512business:Director12023-02-012024-01-31 09386512business:Director22023-02-012024-01-31 09386512business:Director32023-02-012024-01-31 09386512business:RegisteredOffice2023-02-012024-01-31 093865122023-01-31 09386512core:WithinOneYear2024-01-31 09386512core:WithinOneYear2023-01-31 09386512core:AfterOneYear2024-01-31 09386512core:AfterOneYear2023-01-31 09386512core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 09386512core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09386512core:SharePremiumcore:PreviouslyStatedAmount2024-01-31 09386512core:SharePremiumcore:PreviouslyStatedAmount2023-01-31 09386512core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 09386512core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09386512core:PreviouslyStatedAmount2024-01-31 09386512core:PreviouslyStatedAmount2023-01-31 09386512business:SmallEntities2023-02-012024-01-31 09386512countries:EnglandWales2023-02-012024-01-31 09386512core:PlantMachinery2023-02-012024-01-31 09386512core:MotorVehicles2023-02-012024-01-31 09386512core:PlantMachinery2023-01-31 09386512core:MotorVehicles2023-01-31 09386512core:PlantMachinery2024-01-31 09386512core:MotorVehicles2024-01-31 09386512core:WithinOneYear2023-02-012024-01-31 093865122022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09386512 (England and Wales)
Clemens & Tanner Ltd Unaudited accounts for the year ended 31 January 2024
Clemens & Tanner Ltd Unaudited accounts Contents
Page
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Clemens & Tanner Ltd Company Information for the year ended 31 January 2024
Directors
Martin Roger Clemens Nicholas Roger Clemens Benjamin John David Tanner
Company Number
09386512 (England and Wales)
Registered Office
First Floor 129 High Street Guildford Surrey GU1 3AA United Kingdom
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Clemens & Tanner Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,929 
15,905 
Current assets
Debtors
385,703 
367,991 
Cash at bank and in hand
29,014 
55,206 
414,717 
423,197 
Creditors: amounts falling due within one year
(19,582)
(24,500)
Net current assets
395,135 
398,697 
Total assets less current liabilities
407,064 
414,602 
Creditors: amounts falling due after more than one year
(13,333)
(23,333)
Provisions for liabilities
Deferred tax
(2,958)
(2,342)
Net assets
390,773 
388,927 
Capital and reserves
Called up share capital
129 
129 
Share premium
166,609 
166,609 
Profit and loss account
224,035 
222,189 
Shareholders' funds
390,773 
388,927 
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 directors acknowledge their 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 of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Nicholas Roger Clemens Director Company Registration No. 09386512
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Clemens & Tanner Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Clemens & Tanner Ltd is a private company, limited by shares, registered in England and Wales, registration number 09386512. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, United Kingdom.
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Revenue
Revenue is recognised to the extent that it 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:
Borrowing costs
All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax, Tax is recognised in the Statement of Income and Retained Earnings, 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. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - 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 future tax deductions available for them and the differences between the fair values of liabilities 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 reporting date.
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Clemens & Tanner Ltd Notes to the Accounts for the year ended 31 January 2024
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. Depreciation is provided on the following basis:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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Clemens & Tanner Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
72,540 
39,600 
112,140 
At 31 January 2024
72,540 
39,600 
112,140 
Depreciation
At 1 February 2023
72,540 
23,695 
96,235 
Charge for the year
- 
3,976 
3,976 
At 31 January 2024
72,540 
27,671 
100,211 
Net book value
At 31 January 2024
- 
11,929 
11,929 
At 31 January 2023
- 
15,905 
15,905 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
385,703 
367,991 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
103 
4,511 
Trade creditors
- 
510 
Loans from directors
9,479 
9,479 
19,582 
24,500 
The company has entered into a coronavirus bounce back loan agreement for a facility of £50,000 which was fully drawn down on 19 May 2020. The loan bears interest at 2.5% pa. The loan is unsecured and repayable in monthly instalments from June 2021, with the final instalment due in May 2026.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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