Company Registration No. 07188110 (England and Wales)
Clinton Electrics Limited
Unaudited accounts
for the year ended 30 April 2025
Clinton Electrics Limited
Unaudited accounts
Contents
Clinton Electrics Limited
Company Information
for the year ended 30 April 2025
Directors
B Clinton
G Clinton
Company Number
07188110 (England and Wales)
Registered Office
14 Hulbert Road
Waterlooville
Hampshire
PO7 7NT
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Clinton Electrics Limited
Accountants' report
Accountants' report to the board of directors of Clinton Electrics Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Clinton Electrics Limited for the year ended
30 April 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Clinton Electrics Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Clinton Electrics Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clinton Electrics Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Clinton Electrics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Clinton Electrics Limited. You consider that Clinton Electrics 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 accounts of Clinton Electrics 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 accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
14 May 2025
Clinton Electrics Limited
Statement of financial position
as at 30 April 2025
Tangible assets
106,259
70,120
Creditors: amounts falling due within one year
(109,131)
(110,949)
Net current liabilities
(97,348)
(90,379)
Total assets less current liabilities
8,911
(20,259)
Creditors: amounts falling due after more than one year
(56,053)
(81,009)
Net liabilities
(47,142)
(101,268)
Called up share capital
2
2
Profit and loss account
(47,144)
(101,270)
Shareholders' funds
(47,142)
(101,268)
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by
G Clinton
Director
Company Registration No. 07188110
Clinton Electrics Limited
Notes to the Accounts
for the year ended 30 April 2025
Clinton Electrics Limited is a private company, limited by shares, registered in England and Wales, registration number 07188110. The registered office is 14 Hulbert Road, Waterlooville, Hampshire, PO7 7NT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Clinton Electrics Limited
Notes to the Accounts
for the year ended 30 April 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
16,471
113,110
3,545
133,126
Additions
50,195
-
-
50,195
At 30 April 2025
66,666
113,110
3,545
183,321
At 1 May 2024
5,055
54,867
3,084
63,006
Charge for the year
5,903
8,038
115
14,056
At 30 April 2025
10,958
62,905
3,199
77,062
At 30 April 2025
55,708
50,205
346
106,259
At 30 April 2024
11,416
58,243
461
70,120
Amounts falling due within one year
Trade debtors
11,783
20,570
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
53,470
27,582
Obligations under finance leases and hire purchase contracts
7,280
778
Trade creditors
4,812
17,729
Taxes and social security
7,960
8,017
Loans from directors
30,101
52,597
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
11,945
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Clinton Electrics Limited
Notes to the Accounts
for the year ended 30 April 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan account
26,003
5,585
16,833
14,755
Director loan account
26,594
5,585
16,833
15,346
52,597
11,170
33,666
30,101
11
Average number of employees
During the year the average number of employees was 3 (2024: 4).