Company No:
Contents
| DIRECTORS | David Foster (Appointed 02 January 2025) |
| Lawson King (Appointed 02 January 2025) | |
| G C Revell |
| SECRETARY | Alexandra Revell |
| REGISTERED OFFICE | 104 Branbridges Road |
| East Peckham | |
| Tonbridge | |
| TN12 5HH | |
| United Kingdom |
| COMPANY NUMBER | 02210820 (England and Wales) |
| ACCOUNTANT | Synergee |
| Pluto House | |
| 6 Vale Avenue | |
| Tunbridge Wells | |
| TN1 1DJ |
| Note | 31.12.2024 | 31.12.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 306,913 | 154,926 | |||
| Current assets | ||||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| 1,395,403 | 1,487,921 | |||
| Creditors: amounts falling due within one year | (
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| Net current assets | 960,102 | 948,104 | ||
| Total assets less current liabilities | 1,267,015 | 1,103,030 | ||
| Creditors: amounts falling due after more than one year | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Clovis Lande Associates Limited (registered number:
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G C Revell
Director |
| Called-up share capital | Profit and loss account | Total | |||
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| At 01 January 2023 |
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| Total comprehensive income |
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| At 31 December 2023 |
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| At 01 January 2024 |
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| Profit for the financial year |
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| Total comprehensive income |
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| Capital contribution |
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| At 31 December 2024 |
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The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Clovis Lande Associates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 104 Branbridges Road, East Peckham, Tonbridge, TN12 5HH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
- the amount of turnover can be reliably measured;
- it is probable that consideration will be receivable;
- the stage of completion of the contract can be reliably measured, and
- the costs incurred and costs to complete the contract can be reliably measured.
When the outcome of a construction contract can be reliably measured, contract costs and turnover are recognised by reference to the stage of completion at the reporting date.
When the outcome cannot be reliably measured, contract costs are recognised as an expense in the period in which they occur, and turnover is recognised to the extent that the recovery of costs incurred is probable.
When it is probable that contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.
Retentions are recognised at the expected recoverable value at the reporting date.
Amounts recoverable on contract, included within debtors, represents the value of services provided but not yet billed.
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.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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.
| Tangible assets | 15 -
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.
Debt instruments payable after one year including loans and finance leases are initially measured at the present value of future cash flows and subsequently measured at amortised cost using the effective interest rate method (EIR).
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors are measured and carried at the consideration expected to be paid or received.
| 31.12.2024 | 31.12.2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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Parent Company:
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| 104 Branbridges Road, East Peckham, Tonbridge, Kent, England, TN12 5HH |