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REGISTERED NUMBER: 10241514 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Clockwork Mechanical Services Ltd

Clockwork Mechanical Services Ltd (Registered number: 10241514)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company information 1

Abridged statement of financial position 2

Notes to the financial statements 4


Clockwork Mechanical Services Ltd

Company Information
for the Year Ended 31st March 2024







Director: D Roche





Registered office: Abacus House
14-18 Forest Road
Loughton
IG10 1DX





Registered number: 10241514 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX

Clockwork Mechanical Services Ltd (Registered number: 10241514)

Abridged Statement of Financial Position
31st March 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 1,332 1,776

Current assets
Stocks 100,000 100,000
Debtors 635,883 154,850
Cash at bank 223,042 92,130
958,925 346,980
Creditors
Amounts falling due within one year (875,044 ) (96,098 )
Net current assets 83,881 250,882
Total assets less current liabilities 85,213 252,658

Creditors
Amounts falling due after more than one
year

(74,313

)

(135,384

)
Net assets 10,900 117,274

Capital and reserves
Called up share capital 100 100
Retained earnings 10,800 117,174
Shareholders' funds 10,900 117,274

Clockwork Mechanical Services Ltd (Registered number: 10241514)

Abridged Statement of Financial Position - continued
31st March 2024


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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th December 2024 and were signed by:





D Roche - Director


Clockwork Mechanical Services Ltd (Registered number: 10241514)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Clockwork Mechanical Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Clockwork Mechanical Services Ltd (Registered number: 10241514)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. Tangible fixed assets
Totals
£   
Cost
At 1st April 2023
and 31st March 2024 10,562
Depreciation
At 1st April 2023 8,786
Charge for year 444
At 31st March 2024 9,230
Net book value
At 31st March 2024 1,332
At 31st March 2023 1,776