Clay Trade Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08920082 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CLAY TRADE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Gray

A Clark

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

08920082 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

6,633

6,727

CURRENT ASSETS

Stocks

12,395

10,523

Debtors

5

79,741

143,443

Cash at bank

58,895

51,771

151,031

205,737

CREDITORS

Amounts falling due within one year

6

154,346

208,789

NET CURRENT LIABILITIES

(3,315

)

(3,052

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,318

3,675

PROVISIONS FOR LIABILITIES

7

1,658

1,682

NET ASSETS

1,660

1,993

CAPITAL AND RESERVES

Called up share capital

8

20

Retained earnings

1,640

1,973

SHAREHOLDERS' FUNDS

1,660

1,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th September 2025 and were signed on its behalf by:

S J Gray - Director

A Clark - Director

1.	STATUTORY INFORMATION

Clay Trade 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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1st April 2024

3,733

3,500

15,321

22,554

Additions

-

2,701

At 31st March 2025

3,733

3,500

18,022

25,255

DEPRECIATION

At 1st April 2024

1,455

3,237

11,135

15,827

Charge for year

456

66

2,273

2,795

At 31st March 2025

1,911

3,303

13,408

18,622

NET BOOK VALUE

At 31st March 2025

1,822

197

4,614

6,633

At 31st March 2024

2,278

263

4,186

6,727

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

79,142

141,493

Other debtors

-

1,470

Prepayments

599

480

79,741

143,443

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade creditors

12,606

21,583

Tax

27,122

31,378

Social security and other taxes

37,440

46,920

Other creditors

626

15,255

Directors' current accounts

74,552

91,703

Accrued expenses

2,000

1,950

154,346

208,789

7.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

Deferred tax

1,658

1,682

Deferred

tax

£

Balance at 1st April 2024

1,682

Accelerated capital allowances

(24

)

Balance at 31st March 2025

1,658

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

16

Ordinary

£1

16

1

Ordinary 'A'

£1

1

Ordinary 'B'

£1

1

Ordinary 'C'

£1

1

Ordinary 'D'

£1

1

20

All shares in issue rank pari passu in all regards except for rights to dividends.