Clarendon Limited 04373639 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is contract cleaning Digita Accounts Production Advanced 6.30.9574.0 true 04373639 2023-03-01 2024-02-29 04373639 2024-02-29 04373639 bus:OrdinaryShareClass1 2024-02-29 04373639 core:CurrentFinancialInstruments 2024-02-29 04373639 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 04373639 core:Non-currentFinancialInstruments 2024-02-29 04373639 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 04373639 core:FurnitureFittingsToolsEquipment 2024-02-29 04373639 core:MotorVehicles 2024-02-29 04373639 bus:SmallEntities 2023-03-01 2024-02-29 04373639 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04373639 bus:FilletedAccounts 2023-03-01 2024-02-29 04373639 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04373639 bus:RegisteredOffice 2023-03-01 2024-02-29 04373639 bus:Director1 2023-03-01 2024-02-29 04373639 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 04373639 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04373639 core:ToolsEquipment 2023-03-01 2024-02-29 04373639 countries:England 2023-03-01 2024-02-29 04373639 2023-02-28 04373639 core:FurnitureFittingsToolsEquipment 2023-02-28 04373639 core:MotorVehicles 2023-02-28 04373639 2022-03-01 2023-02-28 04373639 2023-02-28 04373639 bus:OrdinaryShareClass1 2023-02-28 04373639 core:CurrentFinancialInstruments 2023-02-28 04373639 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 04373639 core:Non-currentFinancialInstruments 2023-02-28 04373639 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 04373639 core:FurnitureFittingsToolsEquipment 2023-02-28 04373639 core:MotorVehicles 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04373639

Clarendon Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Clarendon Limited

Contents

Statement of Income and Retained Earnings

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Clarendon Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 29 February 2024

Note

2024
£

2023
£

Turnover

 

208,332

163,626

Cost of sales

 

(133,828)

(111,120)

Gross profit

 

74,504

52,506

Administrative expenses

 

(66,413)

(60,684)

Operating profit/(loss)

 

8,091

(8,178)

Interest payable and similar charges

 

(287)

(387)

 

(287)

(387)

Profit/(loss) before tax

7,804

(8,565)

Taxation

 

(2,002)

-

Profit/(loss) for the financial year

 

5,802

(8,565)

Retained earnings brought forward

 

(1,127)

7,438

Dividends paid

 

(3,200)

-

Retained earnings carried forward

 

1,475

(1,127)

 

Clarendon Limited

(Registration number: 04373639)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2

2

Current assets

 

Debtors

5

25,867

13,165

Cash at bank and in hand

 

-

8,992

 

25,867

22,157

Creditors: Amounts falling due within one year

6

(19,059)

(13,951)

Net current assets

 

6,808

8,206

Total assets less current liabilities

 

6,810

8,208

Creditors: Amounts falling due after more than one year

6

(5,333)

(9,333)

Net assets/(liabilities)

 

1,477

(1,125)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

1,475

(1,127)

Shareholders' funds/(deficit)

 

1,477

(1,125)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 November 2024
 

.........................................
T Phelan
Director

 

Clarendon Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
13 York Avenue
Oxford
Headington
OX3 8NS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Clarendon Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price .

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Clarendon Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 8).

 

Clarendon Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

18,199

9,153

27,352

At 29 February 2024

18,199

9,153

27,352

Depreciation

At 1 March 2023

18,198

9,152

27,350

At 29 February 2024

18,198

9,152

27,350

Carrying amount

At 29 February 2024

1

1

2

At 28 February 2023

1

1

2

5

Debtors

2024
£

2023
£

Trade debtors

18,367

13,165

Other debtors

7,500

-

25,867

13,165

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

4,270

4,000

Trade creditors

 

265

42

Taxation and social security

 

14,509

9,909

Other creditors

 

15

-

 

19,059

13,951

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

5,333

9,333

 

Clarendon Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

 

Clarendon Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,333

9,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,000

4,000

Bank overdrafts

270

-

4,270

4,000