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CLOAN INDUSTRIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2024






CLOAN INDUSTRIES LIMITED (REGISTERED NUMBER: 09152654)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

CLOAN INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: D B Hull





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate, Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 09152654 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

CLOAN INDUSTRIES LIMITED (REGISTERED NUMBER: 09152654)

BALANCE SHEET
31ST JULY 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,407 2,357
Investments 5 595,915 195,386
598,322 197,743

CURRENT ASSETS
Debtors 6 100,630 2,406
Cash at bank 214,535 678,145
315,165 680,551
CREDITORS
Amounts falling due within one year 7 1,203 3,588
NET CURRENT ASSETS 313,962 676,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

912,284

874,706

PROVISIONS FOR LIABILITIES 15,258 9,559
NET ASSETS 897,026 865,147

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves 8 45,775 28,678
Retained earnings 851,250 836,468
SHAREHOLDERS' FUNDS 897,026 865,147

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

CLOAN INDUSTRIES LIMITED (REGISTERED NUMBER: 09152654)

BALANCE SHEET - continued
31ST JULY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th April 2025 and were signed by:





D B Hull - Director


CLOAN INDUSTRIES LIMITED (REGISTERED NUMBER: 09152654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Cloan Industries 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CLOAN INDUSTRIES LIMITED (REGISTERED NUMBER: 09152654)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st August 2023 5,152 7,788 12,940
Additions 1,298 599 1,897
At 31st July 2024 6,450 8,387 14,837
DEPRECIATION
At 1st August 2023 3,680 6,903 10,583
Charge for year 940 907 1,847
At 31st July 2024 4,620 7,810 12,430
NET BOOK VALUE
At 31st July 2024 1,830 577 2,407
At 31st July 2023 1,472 885 2,357

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st August 2023 195,386
Additions 491,104
Disposals (113,411 )
Revaluations 22,796
Interest received 40
At 31st July 2024 595,915
NET BOOK VALUE
At 31st July 2024 595,915
At 31st July 2023 195,386

Cost or valuation at 31st July 2024 is represented by:

Other
investments
£   
Valuation in 2020 (8,609 )
Valuation in 2021 23,547
Valuation in 2022 16,128
Valuation in 2023 8,419
Valuation in 2024 22,796
Cost 533,634
595,915

CLOAN INDUSTRIES LIMITED (REGISTERED NUMBER: 09152654)

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

6. DEBTORS
31/7/24 31/7/23
£    £   
Amounts falling due within one year:
Prepayments and accrued income 630 2,406

Amounts falling due after more than one year:
Other debtors 100,000 -

Aggregate amounts 100,630 2,406

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Social security and other taxes 1 1
Directors' current accounts 202 2,587
Accruals and deferred income 1,000 1,000
1,203 3,588

8. RESERVES
Non-distributable
reserves
£   
At 1st August 2023 28,678
Transfer from revaluation 17,097

At 31st July 2024 45,775

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLOAN INDUSTRIES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cloan Industries Limited for the year ended 31st July 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cloan Industries Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cloan Industries Limited and state those matters that we have agreed to state to the director of Cloan Industries Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cloan Industries Limited and its director for our work or for this report.

It is your duty to ensure that Cloan Industries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cloan Industries Limited. You consider that Cloan Industries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cloan Industries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


25th April 2025