IRIS Accounts Production v24.3.2.46 06905049 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false 128154 104685 23469 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069050492023-05-31069050492024-05-31069050492023-06-012024-05-31069050492022-05-31069050492022-06-012023-05-31069050492023-05-3106905049ns15:EnglandWales2023-06-012024-05-3106905049ns14:PoundSterling2023-06-012024-05-3106905049ns10:Director12023-06-012024-05-3106905049ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106905049ns10:SmallEntities2023-06-012024-05-3106905049ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106905049ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106905049ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106905049ns10:FullAccounts2023-06-012024-05-3106905049ns10:Director2422023-06-012024-05-3106905049ns10:Director2422024-05-3106905049ns10:Director22023-06-012024-05-3106905049ns10:RegisteredOffice2023-06-012024-05-3106905049ns5:CurrentFinancialInstruments2024-05-3106905049ns5:CurrentFinancialInstruments2023-05-3106905049ns5:Non-currentFinancialInstruments2024-05-3106905049ns5:Non-currentFinancialInstruments2023-05-3106905049ns5:ShareCapital2024-05-3106905049ns5:ShareCapital2023-05-3106905049ns5:RetainedEarningsAccumulatedLosses2024-05-3106905049ns5:RetainedEarningsAccumulatedLosses2023-05-3106905049ns5:PlantMachinery2023-06-012024-05-3106905049ns5:FurnitureFittings2023-06-012024-05-3106905049ns5:ComputerEquipment2023-06-012024-05-3106905049ns5:PlantMachinery2023-05-3106905049ns5:FurnitureFittings2023-05-3106905049ns5:ComputerEquipment2023-05-3106905049ns5:PlantMachinery2024-05-3106905049ns5:FurnitureFittings2024-05-3106905049ns5:ComputerEquipment2024-05-3106905049ns5:PlantMachinery2023-05-3106905049ns5:FurnitureFittings2023-05-3106905049ns5:ComputerEquipment2023-05-3106905049ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106905049ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3106905049ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-05-3106905049ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-05-3106905049ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-05-3106905049ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-05-3106905049ns5:HirePurchaseContracts2024-05-3106905049ns5:HirePurchaseContracts2023-05-3106905049ns5:WithinOneYear2024-05-3106905049ns5:WithinOneYear2023-05-3106905049ns5:BetweenOneFiveYears2024-05-3106905049ns5:BetweenOneFiveYears2023-05-3106905049ns5:MoreThanFiveYears2024-05-3106905049ns5:MoreThanFiveYears2023-05-3106905049ns5:AllPeriods2024-05-3106905049ns5:AllPeriods2023-05-31069050491ns10:Director12023-05-31069050491ns10:Director12022-05-31069050491ns10:Director12023-06-012024-05-31069050491ns10:Director12022-06-012023-05-31069050491ns10:Director12024-05-31069050491ns10:Director12023-05-31
REGISTERED NUMBER: 06905049 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Peter Clinch Ltd

Peter Clinch Ltd (Registered number: 06905049)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Peter Clinch Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P J Clinch
Mrs V Clinch



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 06905049 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Santander
301 St Vincent Street
Glasgow
G2 5NT

Peter Clinch Ltd (Registered number: 06905049)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,975 20,105

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 117,236 63,069
Cash at bank 105,702 57,625
232,938 130,694
CREDITORS
Amounts falling due within one year 6 193,854 83,025
NET CURRENT ASSETS 39,084 47,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,059

67,774

CREDITORS
Amounts falling due after more than one
year

7

(10,875

)

(22,698

)

PROVISIONS FOR LIABILITIES (3,314 ) (3,876 )
NET ASSETS 41,870 41,200

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,770 41,100
SHAREHOLDERS' FUNDS 41,870 41,200

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.

Peter Clinch Ltd (Registered number: 06905049)

Statement of Financial Position - continued
31 May 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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





P J Clinch - Director


Peter Clinch Ltd (Registered number: 06905049)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Peter Clinch 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

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.

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 3 (2023 - 3 ) .

Peter Clinch Ltd (Registered number: 06905049)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 June 2023 23,593 7,114 10,701 41,408
Additions - 1,991 307 2,298
At 31 May 2024 23,593 9,105 11,008 43,706
Depreciation
At 1 June 2023 8,475 4,999 7,829 21,303
Charge for year 3,024 1,355 1,049 5,428
At 31 May 2024 11,499 6,354 8,878 26,731
Net book value
At 31 May 2024 12,094 2,751 2,130 16,975
At 31 May 2023 15,118 2,115 2,872 20,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 90,236 56,637
Other debtors 27,000 6,432
117,236 63,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 1,801 4,122
Trade creditors 48,159 21,752
Taxation and social security 51,657 28,425
Other creditors 82,237 18,726
193,854 83,025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 10,875 20,897
Hire purchase contracts (see note 8) - 1,801
10,875 22,698

Peter Clinch Ltd (Registered number: 06905049)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/24 31/5/23
£    £   
Net obligations repayable:
Within one year 1,801 4,122
Between one and five years - 1,801
1,801 5,923

Non-cancellable operating leases
31/5/24 31/5/23
£    £   
Within one year 15,981 13,906
Between one and five years 50,642 16,665
In more than five years 5,041 -
71,664 30,571

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
P J Clinch and Mrs V Clinch
Balance outstanding at start of year - -
Amounts advanced 128,154 -
Amounts repaid (104,685 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,469 -

The above loan to the directors was cleared immediately after the year end.