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COMPANY REGISTRATION NUMBER: 14145806
Clipa Limited
Filleted Unaudited Financial Statements
31 March 2024
Clipa Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,861,343
1,240,097
Current assets
Stocks
16,774
2,637
Debtors
6
4,648
1,839
Cash at bank and in hand
4,395
805
--------
-------
25,817
5,281
Creditors: amounts falling due within one year
7
2,142,942
1,341,338
------------
------------
Net current liabilities
2,117,125
1,336,057
------------
------------
Total assets less current liabilities
( 255,782)
( 95,960)
---------
--------
Net liabilities
( 255,782)
( 95,960)
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 255,882)
( 96,060)
---------
--------
Shareholders deficit
( 255,782)
( 95,960)
---------
--------
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 comprehensive income has not been delivered.
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 .
Clipa Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
Mrs C A Hayden
Director
Company registration number: 14145806
Clipa Limited
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 and Wales. The address of the registered office is 19 Oakwood, Berkhamsted, Herts, HP4 3NQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is the value of goods and services provided to customers in the period.
Taxation
Current tax is recognised on taxable profit for the current and past periods.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line
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 stock to its present location and condition.
Defined contribution plans
The company contributes to the pension schemes of employees on a money purchase basis in accordance with current legislation. Contributions are charged to the profit and loss account in the period in which they are paid.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 2 ).
5. Tangible assets
Freehold property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
1,253,645
10,667
4,700
1,269,012
Additions
655,047
5,330
660,377
Disposals
( 4,500)
( 4,500)
------------
--------
-------
------------
At 31 March 2024
1,908,692
15,997
200
1,924,889
------------
--------
-------
------------
Depreciation
At 1 April 2023
25,073
2,667
1,175
28,915
Charge for the year
32,714
2,992
50
35,756
Disposals
( 1,125)
( 1,125)
------------
--------
-------
------------
At 31 March 2024
57,787
5,659
100
63,546
------------
--------
-------
------------
Carrying amount
At 31 March 2024
1,850,905
10,338
100
1,861,343
------------
--------
-------
------------
At 31 March 2023
1,228,572
8,000
3,525
1,240,097
------------
--------
-------
------------
6. Debtors
2024
2023
£
£
Other debtors
4,648
1,839
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
839
32,602
Social security and other taxes
2,311
295
Other creditors
2,139,792
1,308,441
------------
------------
2,142,942
1,341,338
------------
------------