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COMPANY REGISTRATION NUMBER: 13080433
Engineer Christopher Clark Ltd
Filleted Unaudited Financial Statements
31 December 2024
Engineer Christopher Clark Ltd
Financial Statements
Year ended 31 December 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 4
Engineer Christopher Clark Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
2,238
564
Current assets
Debtors
7
43
11,712
Cash at bank and in hand
86,820
142,656
--------
---------
86,863
154,368
Creditors: amounts falling due within one year
8
( 6,930)
( 18,680)
--------
---------
Net current assets
79,933
135,688
--------
---------
Total assets less current liabilities
82,171
136,252
--------
---------
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
82,170
136,251
--------
---------
Shareholders funds
82,171
136,252
--------
---------
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 December 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 April 2025 , and are signed on behalf of the board by:
Mr C Clark
Director
Company registration number: 13080433
Engineer Christopher Clark Ltd
Notes to the Financial Statements
Year ended 31 December 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 31 Copper Beech Drive, Lowestoft, Suffolk, NR33 8DH, England.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
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 directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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
-
25% reducing balance
Office equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tax on (loss)/profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
4,653
16,880
-------
--------
Tax on (loss)/profit
4,653
16,880
-------
--------
6. Tangible assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 January 2024
320
1,017
1,337
Additions
2,421
2,421
----
-------
-------
At 31 December 2024
320
3,438
3,758
----
-------
-------
Depreciation
At 1 January 2024
185
588
773
Charge for the year
34
713
747
----
-------
-------
At 31 December 2024
219
1,301
1,520
----
-------
-------
Carrying amount
At 31 December 2024
101
2,137
2,238
----
-------
-------
At 31 December 2023
135
429
564
----
-------
-------
7. Debtors
2024
2023
£
£
Trade debtors
11,702
Other debtors
43
10
----
--------
43
11,712
----
--------
Other debtors include an amount of £nil (2023 - £nil) falling due after more than one year.
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
4,653
16,880
Social security and other taxes
233
233
Other creditors
2,044
1,567
-------
--------
6,930
18,680
-------
--------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
10. Related party transactions
The company was under the control of Mr C Clark , the managing director, during the current year by virtue of his majority shareholding. During the year the company paid dividends totalling £33,000 (2023 - £24,600) to Mr C Clark , the managing director.