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REGISTERED NUMBER: 05048793 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Clover Maintenance Limited

Clover Maintenance Limited (Registered number: 05048793)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Clover Maintenance Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr D Carr
Mr L Odey
Mr G J Wilkins
Ms F E Wilkins





SECRETARY: Ms F E Wilkins





REGISTERED OFFICE: 7 Temple Court
Temple Street
Keynsham
Bristol
BS31 1HA





REGISTERED NUMBER: 05048793 (England and Wales)





ACCOUNTANTS: Norton Tax Shops Limited
3 & 5 Station Road
Keynsham
Bristol
BS31 2BH

Clover Maintenance Limited (Registered number: 05048793)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 86,954 99,374
Tangible assets 5 108,748 54,786
195,702 154,160

CURRENT ASSETS
Stocks 225,415 187,622
Debtors 780,697 800,188
Cash at bank and in hand 56,697 239,336
1,062,809 1,227,146
CREDITORS
Amounts falling due within one year 791,937 999,971
NET CURRENT ASSETS 270,872 227,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,574

381,335

CREDITORS
Amounts falling due after more than one year (48,602 ) (50,694 )

PROVISIONS FOR LIABILITIES 6 (22,739 ) (13,621 )
NET ASSETS 395,233 317,020

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 395,231 317,018
SHAREHOLDERS' FUNDS 395,233 317,020

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.

Clover Maintenance Limited (Registered number: 05048793)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 August 2024 and were signed on its behalf by:





Mr G J Wilkins - Director


Clover Maintenance Limited (Registered number: 05048793)

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

1. STATUTORY INFORMATION

Clover Maintenance Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Clover Maintenance Limited (Registered number: 05048793)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 248,430
AMORTISATION
At 1 June 2023 149,056
Amortisation for year 12,420
At 31 May 2024 161,476
NET BOOK VALUE

At 31 May 2024 86,954
At 31 May 2023 99,374

Clover Maintenance Limited (Registered number: 05048793)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 129,088
Additions 85,942
Disposals (9,999 )
At 31 May 2024 205,031
DEPRECIATION
At 1 June 2023 74,302
Charge for year 30,646
Eliminated on disposal (8,665 )
At 31 May 2024 96,283
NET BOOK VALUE
At 31 May 2024 108,748
At 31 May 2023 54,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023 90,966
Additions 44,853
At 31 May 2024 135,819
DEPRECIATION
At 1 June 2023 52,590
Charge for year 20,794
At 31 May 2024 73,384
NET BOOK VALUE
At 31 May 2024 62,435
At 31 May 2023 38,376

6. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 22,739 13,621

Clover Maintenance Limited (Registered number: 05048793)

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

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 13,621
Charge to Income Statement during year 9,118
Balance at 31 May 2024 22,739

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
Mr G J Wilkins
Balance outstanding at start of year (221 ) (23 )
Amounts repaid (140 ) (198 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (361 ) (221 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G & Mrs F Wilkins by virtue of their shareholding.