Company registration number: 12737676
Unaudited financial statements
for the year ended 31 July 2024
for
Clenzair Ltd
Pages for filing with the Registrar
Clenzair Ltd
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clenzair Ltd for the year ended 31 July 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Clenzair Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Clenzair Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clenzair Ltd and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Clenzair Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Clenzair Ltd. You consider that Clenzair Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Clenzair Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Cobble Accountants Limited
Commerce House
Carlton Boulevard
Lincoln
Lincolnshire
LN2 4WJ
United Kingdom
Date: 9 January 2025
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Company registration number: 12737676
Clenzair Ltd
Balance sheet
as at 31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 1,633 2,177
1,633 2,177
Current assets
Stocks 172,676 196,269
Debtors 807 3,868
Cash at bank and in hand 46,813 19,089
220,296 219,226
Creditors: amounts falling due within
one year
(246,819) (409,456)
Net current liabilities (26,523) (190,230)
Total assets less current liabilities (24,890) (188,053)
Creditors: Amounts falling due after
more than one year
(189,440) -
NET LIABILITIES (214,330) (188,053)
Capital and reserves
Called up share capital 1,049 1,049
Profit and loss account (215,379) (189,102)
TOTAL EQUITY (214,330) (188,053)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12737676
Clenzair Ltd
Balance sheet - continued
as at 31 July 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 9 January 2025 and signed on its behalf by:
Mr L Harris, Director
9 January 2025
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Clenzair Ltd
Notes to the financial statements
for the year ended 31 July 2024
1 Company information
Clenzair Ltd is a private company registered in England and Wales. Its registered number is 12737676. The company is limited by shares. Its registered office is 8 Burrel Road, St Ives, PE27 3LE.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Clenzair Ltd
Notes to the financial statements - continued
for the year ended 31 July 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2023 - 4).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2023 2,750
At 31 July 2024 2,750
Depreciation
At 1 August 2023 573
Charge for year 544
At 31 July 2024 1,117
Net book value
At 31 July 2024 1,633
At 31 July 2023 2,177
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