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Logo On Report
Registered Number: 01375289
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 June 2024

for

CLIFT CONTROLS LIMITED

Director Glen Clift
Registered Number 01375289
Registered Office Unit 5
2 Perry Way
Witham
CM8 3SX
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
  2024   2023
    £ £   £ £
Fixed assets   25,093      28,315 
Current assets 7,034      17,719   
Prepayments and accrued income 581      145   
Creditors: amount falling due within one year (2,540)     (4,143)  
Net current assets   5,075      13,721 
Total assets less current liabilities   30,168      42,036 
Provisions for liabilities   (204)     (207)
Net assets   29,964      41,829 
 

         
Capital and reserves   29,964      41,829 
 
NOTES TO THE ACCOUNTS

General Information
Clift Controls Limited is a private company, limited by shares, registered in England and Wales, registration number 01375289, registration address Unit 5, 2 Perry Way, Witham, CM8 3SX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 3% Reducing Balance
Plant and Machinery 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 July 2023 40,577    134,890    175,467 
Additions    
Disposals    
At 30 June 2024 40,577    134,890    175,467 
Depreciation
At 01 July 2023 24,339    122,813    147,152 
Charge for year 487    2,735    3,222 
On disposals    
At 30 June 2024 24,826    125,548    150,374 
Net book values
Closing balance as at 30 June 2024 15,751    9,342    25,093 
Opening balance as at 01 July 2023 16,238    4,224    20,462 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 30 June 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 02 October 2024 and were signed by:


--------------------------------
Glen Clift
Director
2