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REGISTERED NUMBER: 08894998 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

A1 CLUTCHES CANNOCK (UK) LIMITED

A1 CLUTCHES CANNOCK (UK) LIMITED (REGISTERED NUMBER: 08894998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A1 CLUTCHES CANNOCK (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Singh





REGISTERED OFFICE: 200 Watling Street
Bridgtown
Cannock
WS11 0BD





REGISTERED NUMBER: 08894998 (England and Wales)

A1 CLUTCHES CANNOCK (UK) LIMITED (REGISTERED NUMBER: 08894998)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,988 101,029

CURRENT ASSETS
Stocks 5 6,127 7,214
Debtors 6 397,614 337,002
Cash at bank and in hand 7 1,639 73,589
405,380 417,805
CREDITORS
Amounts falling due within one year 8 100,911 137,542
NET CURRENT ASSETS 304,469 280,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,457

381,292

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 400,456 381,291
SHAREHOLDERS' FUNDS 400,457 381,292

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 December 2024 and were signed by:





A Singh - Director


A1 CLUTCHES CANNOCK (UK) LIMITED (REGISTERED NUMBER: 08894998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

A1 Clutches Cannock (Uk) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
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 6 (2023 - 7 ) .

A1 CLUTCHES CANNOCK (UK) LIMITED (REGISTERED NUMBER: 08894998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 75,496 69,252 19,992 1,422 166,162
Additions - - - 1,122 1,122
At 31 March 2024 75,496 69,252 19,992 2,544 167,284
DEPRECIATION
At 1 April 2023 - 56,148 7,806 1,179 65,133
Charge for year - 3,276 2,437 450 6,163
At 31 March 2024 - 59,424 10,243 1,629 71,296
NET BOOK VALUE
At 31 March 2024 75,496 9,828 9,749 915 95,988
At 31 March 2023 75,496 13,104 12,186 243 101,029

5. STOCKS
31/3/24 31/3/23
£    £   
Stocks 6,127 7,214

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 5,518 -
Other debtors 750 -
Orwell Management Services 234,179 220,939
A1 Clutches City ltd 77,335 55,399
A1 Derby UK 79,832 60,664
397,614 337,002

7. CASH AT BANK AND IN HAND
31/3/24 31/3/23
£    £   
Barclays Bank account 1,364 188
Bank account no. 3 - 69,087
Cash in hand 275 4,314
1,639 73,589

A1 CLUTCHES CANNOCK (UK) LIMITED (REGISTERED NUMBER: 08894998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts (see note 9) 58,190 33,333
Trade creditors 7,359 22,560
Tax 11,583 46,531
Social security and other taxes 3,451 3,547
VAT 7,422 18,666
Other creditors 39 88
Directors' current accounts 11,517 11,517
Accrued expenses 1,350 1,300
100,911 137,542

9. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 34,857 -
Bank loans 23,333 33,333
58,190 33,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
1,000 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 April 2023 381,291
Profit for the year 19,165
At 31 March 2024 400,456

12. RELATED PARTY DISCLOSURES

During the year, the director charge rent of £14,400.
The address of this property is as follows:
200-206 Watling Street , Bridgetown , Cannock , WS11 0BD