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REGISTERED NUMBER: 06805456 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st January 2025

for

Clare & Company (Farnborough) Limited

Clare & Company (Farnborough) Limited (Registered number: 06805456)

Contents of the Financial Statements
for the Year Ended 31st January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clare & Company (Farnborough) Limited

Company Information
for the Year Ended 31st January 2025







DIRECTOR: D P Savage





REGISTERED OFFICE: Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT





REGISTERED NUMBER: 06805456 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

Clare & Company (Farnborough) Limited (Registered number: 06805456)

Balance Sheet
31st January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,700 3,427
1,700 3,427

CURRENT ASSETS
Debtors 7 17,311 14,066
Cash at bank 83,177 159,127
100,488 173,193
CREDITORS
Amounts falling due within one year 8 10,588 43,994
NET CURRENT ASSETS 89,900 129,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,600

132,626

PROVISIONS FOR LIABILITIES 425 857
NET ASSETS 91,175 131,769

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 91,170 131,764
SHAREHOLDERS' FUNDS 91,175 131,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

Clare & Company (Farnborough) Limited (Registered number: 06805456)

Balance Sheet - continued
31st January 2025


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 22nd May 2025 and were signed by:





D P Savage - Director


Clare & Company (Farnborough) Limited (Registered number: 06805456)

Notes to the Financial Statements
for the Year Ended 31st January 2025


1. STATUTORY INFORMATION

Clare & Company (Farnborough) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company’s interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over it's useful life which is estimated to be 5 years.

Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life.

Goodwill amortisation is included in administrative expenses in the statement of comprehensive income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Clare & Company (Farnborough) Limited (Registered number: 06805456)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Clare & Company (Farnborough) Limited (Registered number: 06805456)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025


3. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2024
and 31st January 2025 8,840
AMORTISATION
At 1st February 2024
and 31st January 2025 8,840
NET BOOK VALUE
At 31st January 2025 -
At 31st January 2024 -

Clare & Company (Farnborough) Limited (Registered number: 06805456)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025


6. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st February 2024 8,583
Disposals (120 )
At 31st January 2025 8,463
DEPRECIATION
At 1st February 2024 5,156
Charge for year 1,727
Eliminated on disposal (120 )
At 31st January 2025 6,763
NET BOOK VALUE
At 31st January 2025 1,700
At 31st January 2024 3,427

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,188 -
Other debtors 16,123 14,066
17,311 14,066

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 2,124 1,832
Taxation and social security 6,059 40,167
Other creditors 2,405 1,995
10,588 43,994

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 1,557 4,419

Clare & Company (Farnborough) Limited (Registered number: 06805456)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 2024
£    £   
D P Savage
Balance outstanding at start of year 9,997 (16 )
Amounts advanced 2,427 10,013
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,424 9,997