Registered number
12519418
Clay Hall Kennels Ltd
Filleted Accounts
31 March 2024
Clay Hall Kennels Ltd
Registered number: 12519418
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 12,500
Tangible assets 4 8,512 11,349
8,512 23,849
Current assets
Stocks 15,500 12,500
Debtors 5 4,055 6,039
Cash at bank and in hand 2,410 1,743
21,965 20,282
Creditors: amounts falling due within one year 6 (17,084) (11,746)
Net current assets 4,881 8,536
Total assets less current liabilities 13,393 32,385
Creditors: amounts falling due after more than one year 7 (10,007) (16,438)
Provisions for liabilities (1,617) -
Net assets 1,769 15,947
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,669 15,847
Shareholders' funds 1,769 15,947
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
G Fielding
Director
Approved by the board on 31 October 2024
Clay Hall Kennels Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 3-10 years
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax assets and liabilities are not discounted.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 50,000
At 31 March 2024 50,000
Amortisation
At 1 April 2023 37,500
Provided during the year 12,500
At 31 March 2024 50,000
Net book value
At 31 March 2024 -
At 31 March 2023 12,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 20,610
At 31 March 2024 20,610
Depreciation
At 1 April 2023 9,261
Charge for the year 2,837
At 31 March 2024 12,098
Net book value
At 31 March 2024 8,512
At 31 March 2023 11,349
5 Debtors 2024 2023
£ £
Trade debtors 1,450 1,250
Other debtors 2,605 4,789
4,055 6,039
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,211 5,335
Obligations under finance lease and hire purchase contracts 1,431 1,431
Trade creditors 1,025 1,184
Taxation and social security costs 7,566 -
Other creditors 1,851 3,796
17,084 11,746
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,833 10,833
Obligations under finance lease and hire purchase contracts 4,174 5,605
10,007 16,438
8 Controlling party
The company is controlled by the director G Fielding.
9 Other information
Clay Hall Kennels Ltd is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 12 St. John's Way
St. John's Business Estate
Downham Market
Norfolk
PE38 0QQ
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