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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
Page
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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
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Clements Automotive Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,977 
7,954 
Current assets
Inventories
87,499 
87,499 
Debtors
(1,048)
38,476 
Cash at bank and in hand
57,437 
13,359 
143,888 
139,334 
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)
Net assets
18,456 
11,153 
Capital and reserves
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
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Clements Automotive Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 29 February 2024
3,977 
- 
3,977 
At 28 February 2023
7,954 
- 
7,954 
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Clements Automotive Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(13,290)
27,966 
Accrued income and prepayments
- 
1,020 
Other debtors
9,492 
9,490 
(3,798)
38,476 
Amounts falling due after more than one year
Other debtors
2,750 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,028 
8,396 
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 
Accruals
6,921 
7,921 
89,915 
97,468 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
39,494 
42,033 
Taxes and social security
- 
(3,366)
39,494 
38,667 
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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