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REGISTERED NUMBER: 01701385 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Clockwork Organisation Limited

Clockwork Organisation Limited (Registered number: 01701385)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clockwork Organisation Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J R Marsden
Mrs J L Marsden





SECRETARY: Mrs J L Marsden





REGISTERED OFFICE: 5 Anchorage Avenue
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6FG





REGISTERED NUMBER: 01701385 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Clockwork Organisation Limited (Registered number: 01701385)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 801,510 903,540
Investments 6 2 2
801,512 903,542

CURRENT ASSETS
Debtors 7 443,460 525,792
Cash at bank 733,885 617,610
1,177,345 1,143,402
CREDITORS
Amounts falling due within one year 8 349,112 366,268
NET CURRENT ASSETS 828,233 777,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,629,745

1,680,676

CREDITORS
Amounts falling due after more than one
year

9

(100

)

(100

)

PROVISIONS FOR LIABILITIES (72,991 ) (87,891 )
NET ASSETS 1,556,654 1,592,685

CAPITAL AND RESERVES
Called up share capital 10 5,002 5,002
Retained earnings 1,551,652 1,587,683
SHAREHOLDERS' FUNDS 1,556,654 1,592,685

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Clockwork Organisation Limited (Registered number: 01701385)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





Mr J R Marsden - Director


Clockwork Organisation Limited (Registered number: 01701385)

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

1. STATUTORY INFORMATION

Clockwork Organisation 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property- Not depreciated
Motor vehicles- 25% straight line
Fixtures & fittings- 25% straight line
Office & computer equipment- 25% - 50% straight line

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Clockwork Organisation Limited (Registered number: 01701385)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 40,000
AMORTISATION
At 1 January 2024
and 31 December 2024 40,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Office
Fixtures and
Freehold and Motor computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 628,449 77,465 267,136 50,268 1,023,318
Additions - - 51,500 13,024 64,524
Disposals - (3,788 ) (108,493 ) (25,570 ) (137,851 )
At 31 December 2024 628,449 73,677 210,143 37,722 949,991
DEPRECIATION
At 1 January 2024 - 27,831 54,850 37,097 119,778
Charge for year - 17,838 66,561 13,079 97,478
Eliminated on disposal - (3,788 ) (39,417 ) (25,570 ) (68,775 )
At 31 December 2024 - 41,881 81,994 24,606 148,481
NET BOOK VALUE
At 31 December 2024 628,449 31,796 128,149 13,116 801,510
At 31 December 2023 628,449 49,634 212,286 13,171 903,540

Clockwork Organisation Limited (Registered number: 01701385)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 419,845 492,924
Other debtors 23,615 32,868
443,460 525,792

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,341 50,573
Taxation and social security 211,415 202,775
Other creditors 98,356 112,920
349,112 366,268

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 100 100

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,501 Ordinary shares £1 2,501 2,501
2,501 Ordinary A shares £1 2,501 2,501
5,002 5,002

Clockwork Organisation Limited (Registered number: 01701385)

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

10. CALLED UP SHARE CAPITAL - continued

Shares classed as debt

Allotted, called up and fully paid
100 Preference shares of £1 each100100

The preference shares are redeemable by option and there are no current plans to redeem these in the next 5 years.