4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,383 1,806 1,127 2,933 450 1,577 113,000 51,089 17,485 181,574 181,574 113,000 xbrli:pure xbrli:shares iso4217:GBP 12726862 2023-08-01 2024-07-31 12726862 2024-07-31 12726862 2023-07-31 12726862 2022-08-01 2023-07-31 12726862 2023-07-31 12726862 2022-07-31 12726862 core:FurnitureFittings 2023-08-01 2024-07-31 12726862 bus:RegisteredOffice 2023-08-01 2024-07-31 12726862 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 12726862 bus:Director1 2023-08-01 2024-07-31 12726862 bus:Director2 2023-08-01 2024-07-31 12726862 core:FurnitureFittings 2023-07-31 12726862 core:FurnitureFittings 2024-07-31 12726862 core:WithinOneYear 2024-07-31 12726862 core:WithinOneYear 2023-07-31 12726862 core:ShareCapital 2024-07-31 12726862 core:ShareCapital 2023-07-31 12726862 core:RetainedEarningsAccumulatedLosses 2024-07-31 12726862 core:RetainedEarningsAccumulatedLosses 2023-07-31 12726862 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 12726862 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 12726862 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-07-31 12726862 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 12726862 core:Non-currentFinancialInstruments 2024-07-31 12726862 core:Non-currentFinancialInstruments 2023-07-31 12726862 core:FurnitureFittings 2023-07-31 12726862 bus:SmallEntities 2023-08-01 2024-07-31 12726862 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12726862 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12726862 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12726862 bus:FullAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 12726862
CLIENTS ON AUTOMATION LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2024
CLIENTS ON AUTOMATION LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
CLIENTS ON AUTOMATION LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
D. J. W. Mutter
E. J. C. Smith
Registered office
10-12 High Street
Barnes
London
SW13 9LW
Accountants
Wilkins Southworth
Chartered Certified Accountants
10-12 High Street
Barnes
London
SW13 9LW
CLIENTS ON AUTOMATION LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
5
450
1,577
Investments
6
181,574
113,000
-----------
-----------
182,024
114,577
CURRENT ASSETS
Debtors
7
27,757
4,752
Cash at bank and in hand
90,719
339,791
-----------
-----------
118,476
344,543
CREDITORS: amounts falling due within one year
8
( 134,110)
( 176,278)
-----------
-----------
NET CURRENT (LIABILITIES)/ASSETS
( 15,634)
168,265
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
166,390
282,842
-----------
-----------
NET ASSETS
166,390
282,842
-----------
-----------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
166,290
282,742
-----------
-----------
SHAREHOLDERS FUNDS
166,390
282,842
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CLIENTS ON AUTOMATION LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 18 March 2025 , and are signed on behalf of the board by:
D. J. W. Mutter
Director
Company registration number: 12726862
CLIENTS ON AUTOMATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10-12 High Street, Barnes, London, SW13 9LW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue to receive financial support from the directors and certain creditors. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount and to provide for any further liabilities that might arise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 August 2023 and 31 July 2024
3,383
3,383
--------
--------
Depreciation
At 1 August 2023
1,806
1,806
Charge for the year
1,127
1,127
--------
--------
At 31 July 2024
2,933
2,933
--------
--------
Carrying amount
At 31 July 2024
450
450
--------
--------
At 31 July 2023
1,577
1,577
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 August 2023
113,000
Additions
51,089
Revaluations
17,485
-----------
At 31 July 2024
181,574
-----------
Impairment
At 1 August 2023 and 31 July 2024
-----------
Carrying amount
At 31 July 2024
181,574
-----------
At 31 July 2023
113,000
-----------
7. Debtors
2024
2023
£
£
Trade debtors
7,860
4,752
Other debtors
19,897
---------
--------
27,757
4,752
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,414
37,503
Trade creditors
2,675
2,250
Corporation tax
17,683
13,662
Social security and other taxes
11,697
28,031
Other creditors
90,641
94,832
-----------
-----------
134,110
176,278
-----------
-----------