Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29truefalse2023-03-01falseNo description of principal activity1617trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01915663 2023-03-01 2024-02-29 01915663 2022-03-01 2023-02-28 01915663 2024-02-29 01915663 2023-02-28 01915663 c:Director2 2023-03-01 2024-02-29 01915663 d:Buildings 2023-03-01 2024-02-29 01915663 d:Buildings 2024-02-29 01915663 d:Buildings 2023-02-28 01915663 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01915663 d:MotorVehicles 2023-03-01 2024-02-29 01915663 d:MotorVehicles 2024-02-29 01915663 d:MotorVehicles 2023-02-28 01915663 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01915663 d:FurnitureFittings 2023-03-01 2024-02-29 01915663 d:FurnitureFittings 2024-02-29 01915663 d:FurnitureFittings 2023-02-28 01915663 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01915663 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01915663 d:CurrentFinancialInstruments 2024-02-29 01915663 d:CurrentFinancialInstruments 2023-02-28 01915663 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 01915663 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 01915663 d:ShareCapital 2024-02-29 01915663 d:ShareCapital 2023-02-28 01915663 d:OtherMiscellaneousReserve 2024-02-29 01915663 d:OtherMiscellaneousReserve 2023-02-28 01915663 d:RetainedEarningsAccumulatedLosses 2024-02-29 01915663 d:RetainedEarningsAccumulatedLosses 2023-02-28 01915663 c:FRS102 2023-03-01 2024-02-29 01915663 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 01915663 c:FullAccounts 2023-03-01 2024-02-29 01915663 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01915663 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 01915663









CLAPTON CASH & CARRY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
CLAPTON CASH & CARRY LIMITED
REGISTERED NUMBER: 01915663

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
663,275
669,228

Current assets
  

Stocks
 5 
281,408
246,518

Debtors: amounts falling due within one year
 6 
190,484
164,882

Cash at bank and in hand
  
22,298
22,179

  
494,190
433,579

Creditors: amounts falling due within one year
 7 
(617,522)
(590,029)

Net current liabilities
  
 
 
(123,332)
 
 
(156,450)

  

Net assets
  
539,943
512,778


Capital and reserves
  

Called up share capital 
  
85
85

Other reserves
  
15
15

Profit and loss account
  
539,843
512,678

  
539,943
512,778

Page 1

 
CLAPTON CASH & CARRY LIMITED
REGISTERED NUMBER: 01915663
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.




A I Badat
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Clapton Cash & Carry Limited ("the Company") is a private company, limited by shares, registered in England and Wales. The registered office of the company is at Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following annual bases:

Land and buildings
-
2%
Motor vehicles
-
25%
Other fixed assets
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.4

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obselete and slow-moving stocks. Cost is calculated as selling price less attributable profit margin. 

Page 4

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 17).

Page 5

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Land and buildings
Motor vehicles
Other fixed assets
Total

£
£
£
£



Cost


At 1 March 2023
819,401
20,660
101,660
941,721


Additions
-
-
11,481
11,481



At 29 February 2024

819,401
20,660
113,141
953,202



Depreciation


At 1 March 2023
159,044
15,413
98,036
272,493


Charge for the year on owned assets
9,000
5,165
3,269
17,434



At 29 February 2024

168,044
20,578
101,305
289,927



Net book value



At 29 February 2024
651,357
82
11,836
663,275



At 28 February 2023
660,357
5,247
3,624
669,228


5.


Stocks

29 February
28 February
2024
2023
£
£

Finished goods
281,408
246,518


Page 6

 
CLAPTON CASH & CARRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
172,379
153,229

Other debtors
-
347

Prepayments
18,105
11,306

190,484
164,882



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
564,939
551,647

Corporation tax
31,029
13,972

Other taxation and social security
1,742
7,441

Other creditors
9,906
9,640

Accruals
9,906
7,329

617,522
590,029


 
Page 7