Company Registration No. 01079215 (England and Wales)
Clock Clinic Limited (The)
Unaudited accounts
for the year ended 31 December 2024
Clock Clinic Limited (The)
Unaudited accounts
Contents
Clock Clinic Limited (The)
Company Information
for the year ended 31 December 2024
Directors
Alastair Chandler
Victoria Chandler
Secretary
Alastair Chandler
Company Number
01079215 (England and Wales)
Registered Office
85 Lower Richmond Road
London
SW15 1EU
UK
Accountants
Taxacc Solutions Ltd
117A St. Johns Hill
Sevenoaks
Kent
TN13 3PE
Clock Clinic Limited (The)
Statement of financial position
as at 31 December 2024
Tangible assets
18,117
15,303
Inventories
201,833
196,119
Cash at bank and in hand
72,638
99,834
Creditors: amounts falling due within one year
(87,853)
(83,746)
Net current assets
233,218
253,551
Total assets less current liabilities
251,335
268,854
Creditors: amounts falling due after more than one year
-
238
Net assets
251,335
269,092
Called up share capital
100
100
Profit and loss account
251,235
268,992
Shareholders' funds
251,335
269,092
For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Alastair Chandler
Director
Company Registration No. 01079215
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2024
Clock Clinic Limited (The) is a private company, limited by shares, registered in England and Wales, registration number 01079215. The registered office is 85 Lower Richmond Road, London, SW15 1EU, UK.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of land and buildings and certain financial assets and liabilities measured at fair value through profit or loss.
Functional and presentation currency
The company’s functional and presentation currency is the pound sterling.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2024
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing / completion. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Income is deferred when fully refundable deposit is invoiced for before work commences.
Defined contribution pension plan.
The company operates a defined contribution scheme for the benefit of its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid, the Company has no further payment obligations.
The Contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2024
15,201
61,265
76,466
At 31 December 2024
15,201
65,802
81,003
At 1 January 2024
4,582
56,581
61,163
Charge for the year
152
1,571
1,723
At 31 December 2024
4,734
58,152
62,886
At 31 December 2024
10,467
7,650
18,117
At 31 December 2023
10,619
4,684
15,303
Finished goods
201,833
196,119
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
39,841
33,830
Accrued income and prepayments
6,659
7,514
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,529
(3,369)
Taxes and social security
44,525
52,758
Loans from directors
2,244
4,476
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a defined contribution pension scheme. The assets of the plan are held separately from the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,904 (previous year: £1,812 ). Contributions totalling £0 (previous year: £0) were payable to the fund at the reporting date.
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Transactions with related parties
At the balance sheet date, the amount due to the director was £2,244 (2023: £4,476)
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Average number of employees
During the year the average number of employees was 7 (2023: 6).