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Registration number: SC570442

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Clelmora Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Clelmora Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Financial Statements

7 to 10

iXBRL Detailed Profit and Loss Account

11

 

Clelmora Limited

Company Information

Directors

Michael David Dee

Registered office

10 Cramond Road South
Edinburgh
EH4 6AD

Bankers

Clydesdale Bank
7 North Avenue
Clydebank Business Park
Clydebank
G81 2NT

Accountants

RGA Scotland Limited
Chartered Accountants
Orchardlea
Callander
FK17 8BG

 

Clelmora Limited

Director's Report for the Year Ended 31 July 2024

The director presents his report and the financial statements for the year ended 31 July 2024.

Director of the company

The director who held office during the year was as follows:

Michael David Dee

Principal activity

The principal activity of the company has been providing engineering survey, design, test and commission services

Director's responsibilities

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 102 Section 1A - Small Entities, the applicable Financial Reporting Standard. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

make judgements and accounting estimates that are reasonable and prudent;

select suitable accounting policies and apply them consistently;

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 December 2024
 

.........................................
Michael David Dee
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Clelmora Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clelmora Limited for the year ended 31 July 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
 

This report is made solely to the Board of Directors of Clelmora Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Clelmora Limited and state those matters that we have agreed to state to the Board of Directors of Clelmora Limited, as a body, in this report.

This is in accordance with the requirements of the ACCA and, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clelmora Limited and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Clelmora Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Clelmora Limited. You consider that Clelmora Limited 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 Clelmora Limited. 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 accounts.

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....................................................................

RGA Scotland Limited
Chartered Accountants
Orchardlea
Callander
FK17 8BG


 

11 December 2024

 

Clelmora Limited

Profit and Loss Account for the Year Ended 31 July 2024

Note

2024
£

2023
£

Turnover

 

113,830

102,925

Cost of sales

 

(7,015)

(7,703)

Gross profit

 

106,815

95,222

Administrative expenses

 

(26,924)

(27,333)

Operating profit

 

79,891

67,889

Other interest receivable and similar income

 

169

9

Profit before tax

80,060

67,898

Tax on profit

 

(17,834)

(13,098)

Profit for the financial year

 

62,226

54,800

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Clelmora Limited

(Registration number: SC570442)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,100

1,700

Current assets

 

Debtors

5

4,805

4,656

Cash at bank and in hand

 

14,222

5,196

 

19,027

9,852

Creditors: Amounts falling due within one year

6

(18,188)

(11,048)

Net current assets/(liabilities)

 

839

(1,196)

Total assets less current liabilities

 

1,939

504

Provisions for liabilities

(209)

-

Net assets

 

1,730

504

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,630

404

Shareholders' funds

 

1,730

504

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 December 2024
 

.........................................
Michael David Dee
Director

 

Clelmora Limited

Statement of Changes in Equity for the Year Ended 31 July 2024

Share capital
£

Retained earnings
£

Total
£

At 1 August 2023

100

404

504

Profit for the year

-

62,226

62,226

Dividends

-

(61,000)

(61,000)

At 31 July 2024

100

1,630

1,730

Share capital
£

Retained earnings
£

Total
£

At 1 August 2022

100

104

204

Profit for the year

-

54,800

54,800

Dividends

-

(54,500)

(54,500)

At 31 July 2023

100

404

504

 

Clelmora Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
10 Cramond Road South
Edinburgh
EH4 6AD

These financial statements were authorised for issue by the director on 11 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Clelmora Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

20-50% p.a reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Clelmora Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

6,005

6,005

At 31 July 2024

6,005

6,005

Depreciation

At 1 August 2023

4,305

4,305

Charge for the year

600

600

At 31 July 2024

4,905

4,905

Carrying amount

At 31 July 2024

1,100

1,100

At 31 July 2023

1,700

1,700

5

Debtors

Current

2024
£

2023
£

Trade debtors

4,805

4,656

 

4,805

4,656

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

214

(2,563)

Taxation and social security

 

17,474

13,311

Accruals and deferred income

 

500

300

 

18,188

11,048

 

Clelmora Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Director current account

214

(2,563)

 

Clelmora Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 July 2024

2024
£

2023
£

Turnover/revenue

113,830

102,925

Cost of sales

Travel and subsistence

(2,410)

(3,006)

Other costs

(4,605)

(4,697)

Gross profit

106,815

95,222

Distribution costs

Administrative expenses

Audit and accountancy other services

(1,534)

(1,300)

Advertising, promotions and marketing costs

(508)

(398)

Client entertaining costs

-

(593)

Depreciation of property, plant and equipment

(600)

(916)

Social security costs excluding directors

(401)

(421)

Salaries and fees, directors

(12,200)

(12,000)

Company contributions to money purchase plans, directors

(8,488)

(8,489)

Staff costs, directors

(20,688)

(20,489)

Bank charges

(123)

(115)

Insurance costs

(622)

(596)

IT and computing

-

(33)

Printing, postage and stationery

(35)

(27)

Subscriptions

(355)

(333)

Other costs

(2,058)

(2,112)

Other operating income

Other items

Profit on ordinary activities before finance charges and interest

79,891

67,889

Bank interest and similar income receivable

169

9

Profit on ordinary activities before taxation

80,060

67,898

Tax on profit or loss on ordinary activities

(17,834)

(13,098)

Profit for the financial year

62,226

54,800