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REGISTERED NUMBER: 04719417 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CLARE LALLOW LIMITED

CLARE LALLOW LIMITED (REGISTERED NUMBER: 04719417)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLARE LALLOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: L Boarer
Mrs P Boarer





REGISTERED OFFICE: East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA





REGISTERED NUMBER: 04719417 (England and Wales)





ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

CLARE LALLOW LIMITED (REGISTERED NUMBER: 04719417)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,148 76,630
65,148 76,630

CURRENT ASSETS
Stocks 113,121 114,638
Debtors 6 130,758 94,670
Cash at bank and in hand 110,320 117,908
354,199 327,216
CREDITORS
Amounts falling due within one year 7 146,311 151,520
NET CURRENT ASSETS 207,888 175,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,036

252,326

CREDITORS
Amounts falling due after more than one
year

8

18,750

33,750
NET ASSETS 254,286 218,576

CLARE LALLOW LIMITED (REGISTERED NUMBER: 04719417)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 2,700 2,700
Retained earnings 241,586 205,876
SHAREHOLDERS' FUNDS 254,286 218,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th November 2024 and were signed on its behalf by:





L Boarer - Director


CLARE LALLOW LIMITED (REGISTERED NUMBER: 04719417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Clare Lallow Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill originally arose on the acquisition of a business, this has now been fully written down.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


CLARE LALLOW LIMITED (REGISTERED NUMBER: 04719417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 2,025
AMORTISATION
At 1st April 2023
and 31st March 2024 2,025
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

CLARE LALLOW LIMITED (REGISTERED NUMBER: 04719417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2023 274,327 14,640 4,445 293,412
Additions - 595 - 595
At 31st March 2024 274,327 15,235 4,445 294,007
DEPRECIATION
At 1st April 2023 202,109 10,245 4,428 216,782
Charge for year 11,075 998 4 12,077
At 31st March 2024 213,184 11,243 4,432 228,859
NET BOOK VALUE
At 31st March 2024 61,143 3,992 13 65,148
At 31st March 2023 72,218 4,395 17 76,630

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,512 33,662
Amounts recoverable on contract 47,346 59,033
Other debtors 9,900 1,975
130,758 94,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,611 17,538
Payments on account 45,881 63,800
Trade creditors 37,966 24,501
Taxation and social security 35,022 31,094
Other creditors 10,831 14,587
146,311 151,520

CLARE LALLOW LIMITED (REGISTERED NUMBER: 04719417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 18,750 33,750

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 30,000 30,000

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, L & Mrs P Boarer, by virtue of their ownership of 89% of the issued ordinary share capital.