4 false false false false false false false false false false true false false false false true true No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01386814 2023-11-01 2024-10-31 01386814 2024-10-31 01386814 2023-10-31 01386814 2022-11-01 2023-10-31 01386814 2023-10-31 01386814 2022-10-31 01386814 core:PlantMachinery 2023-11-01 2024-10-31 01386814 core:FurnitureFittings 2023-11-01 2024-10-31 01386814 core:MotorVehicles 2023-11-01 2024-10-31 01386814 bus:RegisteredOffice 2023-11-01 2024-10-31 01386814 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 01386814 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 01386814 bus:OrdinaryShareClass3 2023-11-01 2024-10-31 01386814 bus:LeadAgentIfApplicable 2023-11-01 2024-10-31 01386814 bus:Director1 2023-11-01 2024-10-31 01386814 bus:Director4 2023-11-01 2024-10-31 01386814 bus:Director5 2023-11-01 2024-10-31 01386814 bus:CompanySecretary1 2023-11-01 2024-10-31 01386814 core:WithinOneYear 2024-10-31 01386814 core:WithinOneYear 2023-10-31 01386814 core:PlantMachinery 2023-10-31 01386814 core:FurnitureFittings 2023-10-31 01386814 core:MotorVehicles 2023-10-31 01386814 core:PlantMachinery 2024-10-31 01386814 core:FurnitureFittings 2024-10-31 01386814 core:MotorVehicles 2024-10-31 01386814 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 01386814 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 01386814 bus:AllOrdinaryShares 2023-11-01 2024-10-31 01386814 bus:AllOrdinaryShares 2022-11-01 2023-10-31 01386814 core:ShareCapital 2024-10-31 01386814 core:ShareCapital 2023-10-31 01386814 core:CapitalRedemptionReserve 2024-10-31 01386814 core:CapitalRedemptionReserve 2023-10-31 01386814 core:RetainedEarningsAccumulatedLosses 2024-10-31 01386814 core:RetainedEarningsAccumulatedLosses 2023-10-31 01386814 core:PlantMachinery 2023-10-31 01386814 core:FurnitureFittings 2023-10-31 01386814 core:MotorVehicles 2023-10-31 01386814 bus:SmallEntities 2023-11-01 2024-10-31 01386814 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 01386814 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 01386814 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01386814 bus:FullAccounts 2023-11-01 2024-10-31 01386814 bus:OrdinaryShareClass1 2024-10-31 01386814 bus:OrdinaryShareClass1 2023-10-31 01386814 bus:OrdinaryShareClass2 2024-10-31 01386814 bus:OrdinaryShareClass2 2023-10-31 01386814 bus:OrdinaryShareClass3 2024-10-31 01386814 bus:OrdinaryShareClass3 2023-10-31 01386814 bus:AllOrdinaryShares 2024-10-31 01386814 bus:AllOrdinaryShares 2023-10-31
COMPANY REGISTRATION NUMBER: 01386814
Clinstown Limited
Filleted Unaudited Financial Statements
31 October 2024
Clinstown Limited
Financial Statements
Year ended 31 October 2024
Contents
Pages
Officers and professional advisers
1
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3 to 4
Notes to the financial statements
5 to 9
Clinstown Limited
Officers and Professional Advisers
The board of directors
Mr E Squire
Mr L J Squire
Mr G R Squire
Company secretary
G R Squire
Registered office
Squire Lodge
Latherford Close
Four Ashes
Wolverhampton
West Midlands
WV10 7DY
Accountants
BSN Associates Limited
Chartered accountants
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B69 2JG
Clinstown Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Clinstown Limited
Year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clinstown Limited for the year ended 31 October 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Clinstown Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Clinstown Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clinstown Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Clinstown Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clinstown Limited. You consider that Clinstown 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 financial statements of Clinstown 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 financial statements.
BSN Associates Limited Chartered accountants
3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG
10 March 2025
Clinstown Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
83,215
74,537
Current assets
Stocks
7,409
80,362
Debtors
7
84,515
123,971
Cash at bank and in hand
235,597
189,481
---------
---------
327,521
393,814
Creditors: amounts falling due within one year
8
( 133,313)
( 156,204)
---------
---------
Net current assets
194,208
237,610
---------
---------
Total assets less current liabilities
277,423
312,147
Provisions
Taxation including deferred tax
( 18,554)
( 14,162)
---------
---------
Net assets
258,869
297,985
---------
---------
Clinstown Limited
Statement of Financial Position (continued)
31 October 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
9
84
84
Capital redemption reserve
10
16
16
Profit and loss account
10
258,769
297,885
---------
---------
Shareholders funds
258,869
297,985
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 March 2025 , and are signed on behalf of the board by:
Mr L J Squire
Mr G R Squire
Director
Director
Company registration number: 01386814
Clinstown Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Squire Lodge, Latherford Close, Four Ashes, Wolverhampton, West Midlands, WV10 7DY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax on completed orders.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
15% reducing balance
Fixtures and fittings
-
10% reducing balance
Motor Vehicles
-
25% reducing balance
Office Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2024
2023
£
£
Dividends on Ordinary equity shares
34,200
38,200
Dividends on A Ordinary equity shares
2,462
--------
--------
34,200
40,662
--------
--------
Dividends proposed before the year end and recognised as a liability:
2024
2023
£
£
Dividends on Ordinary equity shares
26,000
26,000
Dividends on A Ordinary equity shares
24,638
24,638
Dividends on B Ordinary equity shares
26,000
26,000
--------
--------
76,638
76,638
--------
--------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 November 2023
90,791
10,634
79,436
1,235
182,096
Additions
82,695
1,703
84,398
Disposals
( 79,436)
( 79,436)
--------
--------
--------
-------
---------
At 31 October 2024
90,791
10,634
82,695
2,938
187,058
--------
--------
--------
-------
---------
Depreciation
At 1 November 2023
87,849
8,618
9,930
1,162
107,559
Charge for the year
441
202
15,098
402
16,143
Disposals
( 19,859)
( 19,859)
--------
--------
--------
-------
---------
At 31 October 2024
88,290
8,820
5,169
1,564
103,843
--------
--------
--------
-------
---------
Carrying amount
At 31 October 2024
2,501
1,814
77,526
1,374
83,215
--------
--------
--------
-------
---------
At 31 October 2023
2,942
2,016
69,506
73
74,537
--------
--------
--------
-------
---------
7. Debtors
2024
2023
£
£
Trade debtors
80,441
121,013
Prepayments and accrued income
3,381
2,265
Other debtors
693
693
--------
---------
84,515
123,971
--------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,885
25,744
Accruals and deferred income
5,576
5,711
Corporation tax
19,889
43,550
Social security and other taxes
15,937
3,255
Other creditors
80,026
77,944
---------
---------
133,313
156,204
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
42
42
42
42
A Ordinary shares of £ 1 each
32
32
32
32
B Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
84
84
84
84
----
----
----
----
10. Reserves
Called up share capital - This reserve records the nominal value of shares held. Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company. Profit and loss account - This reserve records retained earnings and accumulated losses.