0
31/03/2024
2024-03-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
true
true
false
No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 23.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
09431316
2023-04-01
2024-03-31
09431316
2024-03-31
09431316
2023-03-31
09431316
2022-04-01
2023-03-31
09431316
2023-03-31
09431316
2022-03-31
09431316
bus:RegisteredOffice
2023-04-01
2024-03-31
09431316
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
09431316
bus:Director1
2023-04-01
2024-03-31
09431316
bus:Director2
2023-04-01
2024-03-31
09431316
bus:Director3
2023-04-01
2024-03-31
09431316
core:WithinOneYear
2024-03-31
09431316
core:WithinOneYear
2023-03-31
09431316
core:ShareCapital
2024-03-31
09431316
core:ShareCapital
2023-03-31
09431316
core:RetainedEarningsAccumulatedLosses
2024-03-31
09431316
core:RetainedEarningsAccumulatedLosses
2023-03-31
09431316
bus:SmallEntities
2023-04-01
2024-03-31
09431316
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
09431316
bus:AbridgedAccounts
2023-04-01
2024-03-31
09431316
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
09431316
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
09431316
core:EntityControlledByKeyManagementPersonnel1
2023-04-01
2024-03-31
09431316
core:EntityControlledByKeyManagementPersonnel1
2022-04-01
2023-03-31
Company registration number:
09431316
Clock Tower Developments (Barnstaple) Ltd
Unaudited filleted abridged financial statements
for the year ended
31 March 2024
Clock Tower Developments (Barnstaple) Ltd
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Clock Tower Developments (Barnstaple) Ltd
Directors and other information
|
|
|
|
Directors |
Mr B J Anderson |
|
|
Mr G J Evans |
|
|
Mr B P Greensmith |
|
|
|
|
|
|
|
Company number |
09431316 |
|
|
|
|
|
|
|
Registered office |
Chestwood |
|
|
Bishops Tawton |
|
|
Barnstaple |
|
|
Devon |
|
|
EX32 0AX |
|
|
|
|
|
|
|
Business address |
Chestwood |
|
|
Bishops Tawton |
|
|
Barnstaple |
|
|
Devon |
|
|
EX32 0AX |
|
|
|
|
|
|
|
Accountants |
Giffords LLP |
|
|
Office The Barns |
|
|
Caddsdown Industrial Park |
|
|
Bideford |
|
|
Devon |
|
|
EX39 3BT |
|
|
|
Clock Tower Developments (Barnstaple) Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Clock Tower Developments (Barnstaple) Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clock Tower Developments (Barnstaple) Ltd for the year ended 31 March 2024 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Clock Tower Developments (Barnstaple) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Clock Tower Developments (Barnstaple) Ltd and state those matters that we have agreed to state to the board of directors of Clock Tower Developments (Barnstaple) Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clock Tower Developments (Barnstaple) Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Clock Tower Developments (Barnstaple) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clock Tower Developments (Barnstaple) Ltd. You consider that Clock Tower Developments (Barnstaple) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Clock Tower Developments (Barnstaple) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Giffords LLP
Chartered Accountants
Office The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
20 November 2024
Clock Tower Developments (Barnstaple) Ltd
Abridged statement of financial position
31 March 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
938,396 |
|
|
|
250 |
|
|
Debtors |
|
|
4,214 |
|
|
|
8,032 |
|
|
Cash at bank and in hand |
|
|
81,407 |
|
|
|
1,077,834 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
1,024,017 |
|
|
|
1,086,116 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
|
(
427,397) |
|
|
|
(
494,101) |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
Net current assets |
|
|
|
|
596,620 |
|
|
|
592,015 |
|
|
|
|
|
________ |
|
|
|
________ |
Total assets less current liabilities |
|
|
|
|
596,620 |
|
|
|
592,015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
________ |
|
|
|
________ |
Net assets |
|
|
|
|
596,620 |
|
|
|
592,015 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
99 |
|
|
|
99 |
Profit and loss account |
|
|
|
|
596,521 |
|
|
|
591,916 |
|
|
|
|
|
________ |
|
|
|
________ |
Shareholders funds |
|
|
|
|
596,620 |
|
|
|
592,015 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
25 September 2024
, and are signed on behalf of the board by:
Mr B J Anderson
Mr G J Evans
Director
Director
Company registration number:
09431316
Clock Tower Developments (Barnstaple) Ltd
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Chestwood, Bishops Tawton, Barnstaple, Devon, EX32 0AX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
|
|
Anderson & Evans Limited |
90 |
583,638 |
|
|
|
|
________ |
________ |
|
|
|
|
|
|
|
|
During the year, Anderson & Evans Limited provided sub-contract labour to
Clock Tower Developments (Barnstaple) Ltd
. Mr B J Anderson
and Mr G J Evans
are both directors and are each 50% shareholders in Anderson & Evans Limited. All transactions between Clock Tower Developments (Barnstaple) Ltd
and Anderson & Evans Limited took place on an arms length basis and the directors consider the transactions to have taken place using open market values.