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REGISTERED NUMBER: 05483168















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CLOCKTOWER CONTRACTS LIMITED

CLOCKTOWER CONTRACTS LIMITED (REGISTERED NUMBER: 05483168)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOCKTOWER CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: W J Mays





SECRETARY: Mrs M M Mays





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 05483168





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

CLOCKTOWER CONTRACTS LIMITED (REGISTERED NUMBER: 05483168)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 274,256 110,264

CURRENT ASSETS
Debtors 5 71,410 169,178
Cash at bank and in hand 19,043 266
90,453 169,444
CREDITORS
Amounts falling due within one year 6 135,436 177,171
NET CURRENT LIABILITIES (44,983 ) (7,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,273

102,537

CREDITORS
Amounts falling due after more than one
year

7

72,445

66,016
NET ASSETS 156,828 36,521

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 156,825 36,518
SHAREHOLDERS' FUNDS 156,828 36,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

CLOCKTOWER CONTRACTS LIMITED (REGISTERED NUMBER: 05483168)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





W J Mays - Director


CLOCKTOWER CONTRACTS LIMITED (REGISTERED NUMBER: 05483168)

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

1. STATUTORY INFORMATION

Clocktower Contracts Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 7 (2023 - 7 ) .

CLOCKTOWER CONTRACTS LIMITED (REGISTERED NUMBER: 05483168)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 22,763 20,975 231,455 275,193
Additions - 482 221,082 221,564
Disposals - - (78,242 ) (78,242 )
At 31 March 2024 22,763 21,457 374,295 418,515
DEPRECIATION
At 1 April 2023 12,585 14,644 137,700 164,929
Charge for year 1,527 950 45,246 47,723
Eliminated on disposal - - (68,393 ) (68,393 )
At 31 March 2024 14,112 15,594 114,553 144,259
NET BOOK VALUE
At 31 March 2024 8,651 5,863 259,742 274,256
At 31 March 2023 10,178 6,331 93,755 110,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70,910 168,678
Amounts owed by group undertakings 500 500
71,410 169,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,000 -
Hire purchase contracts 10,499 10,499
Trade creditors 39,836 22,271
Tax 3,958 20,351
Social security and other taxes 12,550 5,991
VAT 19,995 8,060
Other creditors 24,255 10,000
Directors' current accounts 33 97,689
Accruals and deferred income 2,310 2,310
135,436 177,171

CLOCKTOWER CONTRACTS LIMITED (REGISTERED NUMBER: 05483168)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 23,234 33,157
Hire purchase contracts 49,211 32,859
72,445 66,016