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CLOWER & SON (BUILDERS' MERCHANTS) LIMITED
Notes to the financial statements
For the year ended 31 December 2024
Clower and Sons (Builders' Merchants) Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office and the company's registration number is given in the company information of these financial statements.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared on a going concern basis under the historical cost convention modified to include items at fair value. The financial statements have been prepared in accordance with FRS 102 Section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Frank Key Holdings Limited as at 31 December 2024 and these financial statements may be obtained from 22A Portland Street, Daybrook, Nottingham, NG5 6BL.
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The Company has no employees other than the director, who did not receive any remuneration (2023 - £NIL).
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