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REGISTERED NUMBER: 12009638 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Clay International Ltd

Clay International Ltd (Registered number: 12009638)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clay International Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: L Livramento





REGISTERED OFFICE: Hub 1, Unit 29
Riverside Road
Wimbledon Stadium Business Centre
London
SW17 0BA





REGISTERED NUMBER: 12009638 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Clay International Ltd (Registered number: 12009638)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 141,135 181,082

CURRENT ASSETS
Stocks 561,497 563,632
Debtors 6 197,944 200,878
Cash at bank 84,942 29,845
844,383 794,355
CREDITORS
Amounts falling due within one year 7 (1,488,430 ) (1,363,947 )
NET CURRENT LIABILITIES (644,047 ) (569,592 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(502,912

)

(388,510

)

CREDITORS
Amounts falling due after more than one
year

8

(32,084

)

(43,299

)
NET LIABILITIES (534,996 ) (431,809 )

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 (535,006 ) (431,819 )
SHAREHOLDERS' FUNDS (534,996 ) (431,809 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Clay International Ltd (Registered number: 12009638)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





L Livramento - Director


Clay International Ltd (Registered number: 12009638)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Clay International Ltd 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 as modified by the recognition of certain financial assets and liabilities measured at fair value.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Stocks
Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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.

Clay International Ltd (Registered number: 12009638)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The company made a loss and liabilities exceed assets by £534,996. However, within current liabilities, there are loans from associated companies and the director has confirmed that they will only be sought after the company is able to fund its own operations. On this basis the director considers it appropriate to prepare accounts on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 280,238
Additions 3,715
At 30 September 2024 283,953
DEPRECIATION
At 1 October 2023 99,156
Charge for year 43,662
At 30 September 2024 142,818
NET BOOK VALUE
At 30 September 2024 141,135
At 30 September 2023 181,082

Clay International Ltd (Registered number: 12009638)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 92,407
DEPRECIATION
At 1 October 2023 35,102
Charge for year 16,837
At 30 September 2024 51,939
NET BOOK VALUE
At 30 September 2024 40,468
At 30 September 2023 57,305

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 194,603 199,643
Other debtors 3,341 1,235
197,944 200,878

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 11,215 10,290
Trade creditors 399,668 385,825
Social security and other taxes 6,942 9,149
VAT 34,271 21,067
Other creditors 5,531 6,813
Amount owed to related
entities 883,555 803,555
Directors' current accounts 143,398 123,398
Accrued expenses 3,850 3,850
1,488,430 1,363,947

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 32,084 43,299

Clay International Ltd (Registered number: 12009638)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 43,299 53,589

Hire purchase contracts are secured against the assets to which the loans relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10 Ordinary shares 1 10 10

11. RESERVES
Retained
earnings
£   

At 1 October 2023 (431,819 )
Deficit for the year (103,187 )
At 30 September 2024 (535,006 )