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REGISTERED NUMBER: 14140277 (England and Wales)















CLAYDONS COLCHESTER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






CLAYDONS COLCHESTER LTD (REGISTERED NUMBER: 14140277)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


CLAYDONS COLCHESTER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S Sutton
Mrs K Sutton





REGISTERED OFFICE: 4 The Pippins
Dinsdale Close
Colchester
CO4 3BJ





REGISTERED NUMBER: 14140277 (England and Wales)

CLAYDONS COLCHESTER LTD (REGISTERED NUMBER: 14140277)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 29,736 37,170
Tangible assets 5 178,232 25,240
207,968 62,410

CURRENT ASSETS
Stocks 32,808 16,335
Debtors 6 22,465 17,865
Cash at bank and in hand 2,151 3,465
57,424 37,665
CREDITORS
Amounts falling due within one year 7 (311,878 ) (111,867 )
NET CURRENT LIABILITIES (254,454 ) (74,202 )
TOTAL ASSETS LESS CURRENT LIABILITIES (46,486 ) (11,792 )

CREDITORS
Amounts falling due after more than one year 8 (37,829 ) -
NET LIABILITIES (84,315 ) (11,792 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (84,317 ) (11,794 )
(84,315 ) (11,792 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





S Sutton - Director


CLAYDONS COLCHESTER LTD (REGISTERED NUMBER: 14140277)

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


1. STATUTORY INFORMATION

Claydons Colchester 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

CLAYDONS COLCHESTER LTD (REGISTERED NUMBER: 14140277)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 41,300
AMORTISATION
At 1 June 2023 4,130
Charge for year 7,434
At 31 May 2024 11,564
NET BOOK VALUE
At 31 May 2024 29,736
At 31 May 2023 37,170

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 June 2023 - 27,420 27,420
Additions 22,500 165,056 187,556
At 31 May 2024 22,500 192,476 214,976
DEPRECIATION
At 1 June 2023 - 2,180 2,180
Charge for year - 34,564 34,564
At 31 May 2024 - 36,744 36,744
NET BOOK VALUE
At 31 May 2024 22,500 155,732 178,232
At 31 May 2023 - 25,240 25,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,588 2,192
Amounts owed by group undertakings 500 500
Other debtors 17,377 15,173
22,465 17,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 11,640 -
Trade creditors 7 -
Amounts owed to group undertakings 60,400 47,400
Taxation and social security 11,571 (522 )
Other creditors 228,260 64,989
311,878 111,867

CLAYDONS COLCHESTER LTD (REGISTERED NUMBER: 14140277)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases 37,829 -