Company Registration No. 12478798 (England and Wales)
Clements Automotive Ltd
Unaudited accounts
for the year ended 29 February 2024
Clements Automotive Ltd
Unaudited accounts
Contents
Clements Automotive Ltd
Company Information
for the year ended 29 February 2024
Director
Elizabeth Ann Jones
Company Number
12478798 (England and Wales)
Registered Office
Clements Automotive Ltd
Delling Lane
Bosham
Chichester
West Sussex
PO18 8NN
England
Accountants
Balancing the Books
TB3 Little Tapnage
Titchfield Lane
Fareham
Hampshire
PO17 5PQ
Clements Automotive Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
3,977
7,954
Cash at bank and in hand
57,437
13,359
Creditors: amounts falling due within one year
(89,915)
(97,468)
Net current assets
53,973
41,866
Total assets less current liabilities
57,950
49,820
Creditors: amounts falling due after more than one year
(39,494)
(38,667)
Called up share capital
100
100
Profit and loss account
18,356
11,053
Shareholders' funds
18,456
11,153
For the year ending 29 February 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 her 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 14 November 2024 and were signed on its behalf by
Elizabeth Ann Jones
Director
Company Registration No. 12478798
Clements Automotive Ltd
Notes to the Accounts
for the year ended 29 February 2024
Clements Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 12478798. The registered office is Clements Automotive Ltd, Delling Lane, Bosham, Chichester, West Sussex, PO18 8NN, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
5 years Straight Line
Computer equipment
3 years Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
19,885
1,582
21,467
At 29 February 2024
19,885
1,582
21,467
At 1 March 2023
11,931
1,582
13,513
Charge for the year
3,977
-
3,977
At 29 February 2024
15,908
1,582
17,490
At 29 February 2024
3,977
-
3,977
At 28 February 2023
7,954
-
7,954
Clements Automotive Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
(13,290)
27,966
Accrued income and prepayments
-
1,020
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
29,474
12,198
Amounts owed to group undertakings and other participating interests
7,560
33,560
Taxes and social security
17,397
11,459
Other creditors
23,670
20,249
Loans from directors
(9,135)
3,685
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
-
(3,366)
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).