REGISTERED NUMBER: 07114769 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Clearance and Logistics Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Goodall

Mr A Goodall

REGISTERED OFFICE:

Freightstore

Bridge Farm Ind Estate

Old Newton

Stowmarket

Suffolk

IP14 4PA

REGISTERED NUMBER:

07114769 (England and Wales)

ACCOUNTANTS:

Emsdens Limited - Chartered Certified Accountants

Ladbrook Close

Elmsett

Ipswich

Suffolk

IP7 6LD

FIXED ASSETS

Tangible assets

4

40,535

51,422

CURRENT ASSETS

Stocks

57,838

-

Debtors

5

369,333

375,330

Cash at bank

1,421

28,325

428,592

403,655

CREDITORS

Amounts falling due within one year

6

342,958

296,225

NET CURRENT ASSETS

85,634

107,430

TOTAL ASSETS LESS CURRENT LIABILITIES

126,169

158,852

CREDITORS

Amounts falling due after more than one year

7

(115,909

)

(133,663

)

PROVISIONS FOR LIABILITIES

(5,571

)

(7,172

)

NET ASSETS

4,689

18,017

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

4,687

18,015

SHAREHOLDERS' FUNDS

4,689

18,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mr R Goodall - Director

1.	STATUTORY INFORMATION

Clearance and Logistics 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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, 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.

Equipment - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

77,947

DEPRECIATION

At 1 January 2024

26,525

Charge for year

10,887

At 31 December 2024

37,412

NET BOOK VALUE

At 31 December 2024

40,535

At 31 December 2023

51,422

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

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

51,074

DEPRECIATION

At 1 January 2024

10,536

Charge for year

8,166

At 31 December 2024

18,702

NET BOOK VALUE

At 31 December 2024

32,372

At 31 December 2023

40,538

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

276,842

286,590

Other debtors

92,491

88,740

369,333

375,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

45,072

40,825

Hire purchase contracts

15,811

13,830

Trade creditors

255,865

228,500

Taxation and social security

23,661

11,202

Other creditors

2,549

1,868

342,958

296,225

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

7,643

23,454

Other creditors

108,266

110,209

115,909

133,663

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Goodall.

The ultimate controlling party is Mr R Goodall.