Clodagh McKenna Ltd 10012318 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of high quality food, catering and associated kitchen and lifestyle essentials via an online shop and retail outlet located near Newbury Digita Accounts Production Advanced 6.30.9574.0 true 10012318 2023-04-01 2024-03-31 10012318 2024-03-31 10012318 core:CurrentFinancialInstruments 2024-03-31 10012318 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10012318 core:FurnitureFittings 2024-03-31 10012318 core:OfficeEquipment 2024-03-31 10012318 bus:SmallEntities 2023-04-01 2024-03-31 10012318 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10012318 bus:FilletedAccounts 2023-04-01 2024-03-31 10012318 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10012318 bus:RegisteredOffice 2023-04-01 2024-03-31 10012318 bus:Director2 2023-04-01 2024-03-31 10012318 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10012318 core:FurnitureFittings 2023-04-01 2024-03-31 10012318 core:OfficeEquipment 2023-04-01 2024-03-31 10012318 countries:EnglandWales 2023-04-01 2024-03-31 10012318 2023-03-31 10012318 core:FurnitureFittings 2023-03-31 10012318 core:OfficeEquipment 2023-03-31 10012318 2022-04-01 2023-03-31 10012318 2023-03-31 10012318 core:CurrentFinancialInstruments 2023-03-31 10012318 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10012318 core:FurnitureFittings 2023-03-31 10012318 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10012318

Clodagh McKenna Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Clodagh McKenna Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Clodagh McKenna Ltd

(Registration number: 10012318)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,144

5,258

Current assets

 

Stocks

5

3,000

10,900

Debtors

6

103,398

112,779

Cash at bank and in hand

 

12,050

48,431

 

118,448

172,110

Creditors: Amounts falling due within one year

7

(62,908)

(91,204)

Net current assets

 

55,540

80,906

Total assets less current liabilities

 

70,684

86,164

Provisions for liabilities

(3,977)

(1,315)

Net assets

 

66,707

84,849

Capital and reserves

 

Called up share capital

100

100

Retained earnings

66,607

84,749

Shareholders' funds

 

66,707

84,849

 

Clodagh McKenna Ltd

(Registration number: 10012318)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 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 her 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 16 March 2025
 

.........................................
C M McKenna
Director

 

Clodagh McKenna Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

 

Clodagh McKenna Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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

Office equipment

33% straight line

Fixtures and fittings

25% reducing balance

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

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 4 (2023 - 4).

 

Clodagh McKenna Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

6,087

2,181

8,268

Additions

12,543

1,823

14,366

At 31 March 2024

18,630

4,004

22,634

Depreciation

At 1 April 2023

1,644

1,366

3,010

Charge for the year

3,570

910

4,480

At 31 March 2024

5,214

2,276

7,490

Carrying amount

At 31 March 2024

13,416

1,728

15,144

At 31 March 2023

4,443

815

5,258

5

Stocks

2024
£

2023
£

Other inventories

3,000

10,900

6

Debtors

Current

2024
£

2023
£

Trade debtors

15,879

5,279

Other debtors

87,519

107,500

 

103,398

112,779

 

Clodagh McKenna Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

10,466

5,091

Taxation and social security

42,964

37,757

Other creditors

9,478

48,356

62,908

91,204

8

Related party transactions

Other transactions with the director

C McKenna (director) had a loan account with the company. At the balance sheet the amount due from C McKenna was £87,019 (2023 due to C McKenna: £20,613).