IRIS Accounts Production v24.3.2.46 08894945 director 1.4.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088949452023-03-31088949452024-03-31088949452023-04-012024-03-31088949452022-03-31088949452022-04-012023-03-31088949452023-03-3108894945ns14:PoundSterling2023-04-012024-03-3108894945ns10:Director12023-04-012024-03-3108894945ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108894945ns10:SmallEntities2023-04-012024-03-3108894945ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108894945ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108894945ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108894945ns10:FullAccounts2023-04-012024-03-3108894945ns10:RegisteredOffice2023-04-012024-03-3108894945ns5:CurrentFinancialInstruments2024-03-3108894945ns5:CurrentFinancialInstruments2023-03-3108894945ns5:ShareCapital2024-03-3108894945ns5:ShareCapital2023-03-3108894945ns5:RetainedEarningsAccumulatedLosses2024-03-3108894945ns5:RetainedEarningsAccumulatedLosses2023-03-3108894945ns5:LeaseholdImprovements2023-03-3108894945ns5:FurnitureFittings2023-03-3108894945ns5:MotorVehicles2023-03-3108894945ns5:ComputerEquipment2023-03-3108894945ns5:LeaseholdImprovements2023-04-012024-03-3108894945ns5:FurnitureFittings2023-04-012024-03-3108894945ns5:MotorVehicles2023-04-012024-03-3108894945ns5:ComputerEquipment2023-04-012024-03-3108894945ns5:LeaseholdImprovements2024-03-3108894945ns5:FurnitureFittings2024-03-3108894945ns5:MotorVehicles2024-03-3108894945ns5:ComputerEquipment2024-03-3108894945ns5:LeaseholdImprovements2023-03-3108894945ns5:FurnitureFittings2023-03-3108894945ns5:MotorVehicles2023-03-3108894945ns5:ComputerEquipment2023-03-3108894945ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108894945ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108894945ns5:RetainedEarningsAccumulatedLosses2023-03-3108894945ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 08894945















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

A1 CLUTCHES CITY LIMITED

A1 CLUTCHES CITY LIMITED (REGISTERED NUMBER: 08894945)






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 CITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Singh





REGISTERED OFFICE: City Clutch Centre 206 Bradford Street
Digbeth
Birmingham
B12 0RG





REGISTERED NUMBER: 08894945

A1 CLUTCHES CITY LIMITED (REGISTERED NUMBER: 08894945)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,822 75,592

CURRENT ASSETS
Stocks 5 5,096 5,124
Debtors 6 6,784 2,810
Cash at bank and in hand 7 30,275 47,718
42,155 55,652
CREDITORS
Amounts falling due within one year 8 212,492 187,470
NET CURRENT LIABILITIES (170,337 ) (131,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,515

)

(56,226

)

CAPITAL AND RESERVES
Called up share capital 1,010 1
Retained earnings 10 (98,525 ) (56,227 )
SHAREHOLDERS' FUNDS (97,515 ) (56,226 )

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 CITY LIMITED (REGISTERED NUMBER: 08894945)

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

1. STATUTORY INFORMATION

A1 Clutches City Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 NIL (2023 - 5 ).

A1 CLUTCHES CITY LIMITED (REGISTERED NUMBER: 08894945)

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 19,400 69,831 9,500 1,637 100,368
Additions 3,200 170 - 233 3,603
At 31 March 2024 22,600 70,001 9,500 1,870 103,971
DEPRECIATION
At 1 April 2023 - 17,450 6,786 540 24,776
Charge for year - 5,255 679 439 6,373
At 31 March 2024 - 22,705 7,465 979 31,149
NET BOOK VALUE
At 31 March 2024 22,600 47,296 2,035 891 72,822
At 31 March 2023 19,400 52,381 2,714 1,097 75,592

5. STOCKS
31/3/24 31/3/23
£    £   
Stocks 5,096 5,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 6,784 2,810

7. CASH AT BANK AND IN HAND
31/3/24 31/3/23
£    £   
Barclays bank account 2,284 1,170
Bank account no. 3 27,878 18,601
Cash in hand 113 27,947
30,275 47,718

A1 CLUTCHES CITY LIMITED (REGISTERED NUMBER: 08894945)

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) 25,833 35,833
Trade creditors 7,597 2,049
Social security and other taxes 1,302 2,308
VAT 3,047 8,508
Other creditors 261 363
Orwell Management Services 37,892 18,037
A1 Clutches Cannock UK Ltd 77,335 54,240
A1 Clutches Derby Ltd 57,792 63,740
Directors' current accounts 83 1,092
Accrued expenses 1,350 1,300
212,492 187,470

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 loans 25,833 35,833

10. RESERVES
Retained
earnings
£   

At 1 April 2023 (56,227 )
Deficit for the year (42,298 )
At 31 March 2024 (98,525 )

11. RELATED PARTY DISCLOSURES

During the year,the director charge rent of £14,400.
The address of this property is as follows:
206 Bradford Street , Digbeth ,Birmingham , B12 0RG