Company registration number 09541205 (England and Wales)
A1 CLEARANCES (NORTH WEST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
A1 CLEARANCES (NORTH WEST) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
A1 CLEARANCES (NORTH WEST) LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
20,317
43,164
Current assets
Stocks
30,000
20,000
Debtors
4
11,727
21,729
Cash at bank and in hand
43,584
65,269
85,311
106,998
Creditors: amounts falling due within one year
5
(94,479)
(144,471)
Net current liabilities
(9,168)
(37,473)
Total assets less current liabilities
11,149
5,691
Creditors: amounts falling due after more than one year
6
(24,031)
(35,728)
Net liabilities
(12,882)
(30,037)
Capital and reserves
Called up share capital
202
202
Profit and loss reserves
(13,084)
(30,239)
Total equity
(12,882)
(30,037)
A1 CLEARANCES (NORTH WEST) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 August 2025 and are signed on its behalf by:
Mr S Pownall
Director
Company registration number 09541205 (England and Wales)
A1 CLEARANCES (NORTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

A1 Clearances (North West) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 11, Mold Business Park, Wrexham Road, Mold, CH7 1XP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
20% straight line
Computers
1/3 straight line
Motor vehicles
25% reducing balance

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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

A1 CLEARANCES (NORTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

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.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
20
A1 CLEARANCES (NORTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
6,390
18,212
11,080
160,607
196,289
Depreciation and impairment
At 1 April 2024
5,649
7,284
11,068
129,124
153,125
Depreciation charged in the year
469
3,642
-
0
18,736
22,847
At 31 March 2025
6,118
10,926
11,068
147,860
175,972
Carrying amount
At 31 March 2025
272
7,286
12
12,747
20,317
At 31 March 2024
741
10,928
12
31,483
43,164
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
(1)
1
Other debtors
11,728
21,728
11,727
21,729
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
36,538
33,151
Taxation and social security
19,050
18,193
Other creditors
38,891
93,127
94,479
144,471
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
24,031
35,728
2025-03-312024-04-01falsefalsefalse11 August 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr J T PownallMr S Pownall095412052024-04-012025-03-31095412052025-03-31095412052024-03-3109541205core:PlantMachinery2025-03-3109541205core:FurnitureFittings2025-03-3109541205core:ComputerEquipment2025-03-3109541205core:MotorVehicles2025-03-3109541205core:PlantMachinery2024-03-3109541205core:FurnitureFittings2024-03-3109541205core:ComputerEquipment2024-03-3109541205core:MotorVehicles2024-03-3109541205core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3109541205core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3109541205core:ShareCapital2025-03-3109541205core:ShareCapital2024-03-3109541205core:RetainedEarningsAccumulatedLosses2025-03-3109541205core:RetainedEarningsAccumulatedLosses2024-03-3109541205bus:Director22024-04-012025-03-3109541205core:PlantMachinery2024-04-012025-03-3109541205core:FurnitureFittings2024-04-012025-03-3109541205core:ComputerEquipment2024-04-012025-03-3109541205core:MotorVehicles2024-04-012025-03-31095412052023-04-012024-03-3109541205core:PlantMachinery2024-03-3109541205core:FurnitureFittings2024-03-3109541205core:ComputerEquipment2024-03-3109541205core:MotorVehicles2024-03-31095412052024-03-3109541205core:CurrentFinancialInstruments2025-03-3109541205core:CurrentFinancialInstruments2024-03-3109541205core:WithinOneYear2025-03-3109541205core:WithinOneYear2024-03-3109541205core:Non-currentFinancialInstruments2025-03-3109541205core:Non-currentFinancialInstruments2024-03-3109541205bus:PrivateLimitedCompanyLtd2024-04-012025-03-3109541205bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3109541205bus:FRS1022024-04-012025-03-3109541205bus:AuditExemptWithAccountantsReport2024-04-012025-03-3109541205bus:Director12024-04-012025-03-3109541205bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP