REGISTERED NUMBER: 06418676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R CLEMENS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Clemens

Mrs S M Clemens

SECRETARY:

M Clemens

REGISTERED OFFICE:

Lewidden Barn

Penrose

St Ervan

Wadebridge

Cornwall

PL27 7TD

REGISTERED NUMBER:

06418676 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

367,746

340,969

367,746

340,969

CURRENT ASSETS

Debtors

6

478,033

836,125

Cash at bank

776,422

212,693

1,254,455

1,048,818

CREDITORS

Amounts falling due within one year

7

194,239

240,534

NET CURRENT ASSETS

1,060,216

808,284

TOTAL ASSETS LESS CURRENT LIABILITIES

1,427,962

1,149,253

PROVISIONS FOR LIABILITIES

91,037

79,378

NET ASSETS

1,336,925

1,069,875

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,336,825

1,069,775

SHAREHOLDERS' FUNDS

1,336,925

1,069,875

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 26 September 2025 and were signed on its behalf by:

M Clemens - Director

Mrs S M Clemens - Director

1.	STATUTORY INFORMATION

R Clemens Limited 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

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 3 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

100,000

AMORTISATION

At 1 January 2024

and 31 December 2024

100,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

-

597,631

99,167

696,798

Additions

4,000

96,129

-

100,129

Disposals

-

(6,350

)

-

(6,350

)

At 31 December 2024

4,000

687,410

99,167

790,577

DEPRECIATION

At 1 January 2024

-

297,377

58,452

355,829

Charge for year

400

58,873

10,179

69,452

Eliminated on disposal

-

(2,450

)

-

(2,450

)

At 31 December 2024

400

353,800

68,631

422,831

NET BOOK VALUE

At 31 December 2024

3,600

333,610

30,536

367,746

At 31 December 2023

-

300,254

40,715

340,969

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

405,393

779,402

VAT

67,821

49,652

Prepayments and accrued income

4,819

7,071

478,033

836,125

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

12,634

108,024

Tax

85,249

47,577

Social security and other taxes

27,438

30,062

Other creditors

300

-

Directors' current accounts

66,169

52,558

Accrued expenses

2,449

2,313

194,239

240,534

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Clemens.