REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 31 March 2025 |
for |
Clifford Mby Ltd |
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 31 March 2025 |
for |
Clifford Mby Ltd |
Clifford Mby Ltd (Registered number: 06172263) |
Contents of the Financial Statements |
for the Year Ended 31 March 2025 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
Certified Accountants' Report | 8 |
Clifford Mby Ltd |
Company Information |
for the Year Ended 31 March 2025 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
(Chartered Certified Accountants & Tax Advisers) |
Unit 6 |
Town Quay Wharf |
Abbey Road |
Barking |
Essex |
IG11 7BZ |
Clifford Mby Ltd (Registered number: 06172263) |
Report of the Director |
for the Year Ended 31 March 2025 |
The director presents his report with the financial statements of the company for the year ended 31 March 2025. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of the provision of medical services, and other healthcare related activities, as well other viable business activities including stock market activities. |
REVIEW OF BUSINESS |
It gives me immense pleasure to write this report, not because of great financial gains in the last financial year, but because we have survived another financial year, with all the changes; government, government legislation and general economic difficulties. |
Clifford Mby Limited has now been trading for 18 years and apart from a bounce back loan borrowed during COVID-19 pandemic and a £10,000 overdraft, we have continued to trade successfully. |
It is however unfortunate that we are yet to scale up the business in the context of venturing into supported living, expanding into more healthcare service provisions and trying out other new ventures. |
The business would like to request the consultancy services of Argon & Krypton consulting, to support us on how best to scale up the business sensibly and pragmatically. Please can this be arranged as soon as possible. |
It would be desirable for the business to employ more staff as it expands and reduce the burden on the Managing Director, as the sole revenue generator for the business. |
Having said that, the aspiration and goals of this financial year would be to consolidate the gains made last financial year and conclude any investment ventures, started in the last financial year. |
I would like to express my sincere appreciation to the Managing Partner and his Team for providing very timely payroll services, prompts to provide documentation required to maintain the seamless operations of this business. |
Thanks for your efficient services to the business over the years. |
DIRECTOR |
His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows: |
31.3.25 | 1.4.24 |
Ordinary shares of £1 each | 551 | 551 |
He did not hold any non-beneficial interests in the shares of the company. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Clifford Mby Ltd (Registered number: 06172263) |
Balance Sheet |
31 March 2025 |
31.3.25 | 31.3.24 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Other Investments | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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. |
Clifford Mby Ltd (Registered number: 06172263) |
Balance Sheet - continued |
31 March 2025 |
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 |
Clifford Mby Ltd (Registered number: 06172263) |
Notes to the Financial Statements |
for the Year Ended 31 March 2025 |
1. | STATUTORY INFORMATION |
Clifford Mby Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Clifford Mby Ltd (Registered number: 06172263) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2025 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2024 |
and 31 March 2025 |
DEPRECIATION |
At 1 April 2024 |
and 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
5. | FIXED ASSET INVESTMENTS |
Own |
shares |
£ |
COST |
At 1 April 2024 |
Additions |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.25 | 31.3.24 |
£ | £ |
Trade creditors |
Corporation Tax |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.25 | 31.3.24 |
£ | £ |
Loans | 1,526 | 3,198 |
Clifford Mby Ltd (Registered number: 06172263) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2025 |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2024 |
Profit for the year |
Dividends | ( |
) |
At 31 March 2025 |
Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Clifford Mby Ltd |
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 Income Statement 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 Clifford Mby Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the director of Clifford Mby Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clifford Mby Ltd and state those matters that we have agreed to state to the director of Clifford Mby Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Clifford Mby Ltd 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 Clifford Mby Ltd. You consider that Clifford Mby Ltd 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 Clifford Mby Ltd. 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. |
(Chartered Certified Accountants & Tax Advisers) |
Unit 6 |
Town Quay Wharf |
Abbey Road |
Barking |
Essex |
IG11 7BZ |