REGISTERED NUMBER: 08213899 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CLIFTON EMERY DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Clifton

N J Emery

G E G Fuell

D C Clifton

DJ Park

REGISTERED OFFICE:

Ground Floor

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

REGISTERED NUMBER:

08213899 (England and Wales)

ACCOUNTANTS:

Gravita Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Tangible assets

5

24,648

33,814

CURRENT ASSETS

Stocks

6

56,335

33,175

Debtors

7

542,279

487,853

Cash at bank and in hand

221,792

122,249

820,406

643,277

CREDITORS

Amounts falling due within one year

8

(357,053

)

(300,987

)

NET CURRENT ASSETS

463,353

342,290

TOTAL ASSETS LESS CURRENT LIABILITIES

488,001

376,104

CREDITORS

Amounts falling due after more than one year

9

(29,263

)

(72,799

)

PROVISIONS FOR LIABILITIES

(6,162

)

(4,801

)

NET ASSETS

452,576

298,504

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

452,476

298,404

452,576

298,504

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 29 September 2025 and were signed on its behalf by:

D A Clifton - Director

1.	COMPANY INFORMATION

Clifton Emery Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company's principal place of business is: Hems House, 84 Longbrook Street, Exeter, Devon EX4 6AP.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents amounts chargeable in respect of the provision of services falling within the company's ordinary activities.

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

-

Straight line over 21 years

Fixtures and fittings

-

25% on reducing balance

Bicycles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 32 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Motor

and

leasehold

vehicles

fittings

£

£

£

COST

At 1 January 2024

36,281

7,728

28,167

Additions

-

-

-

Disposals

-

(7,728

)

-

At 31 December 2024

36,281

-

28,167

DEPRECIATION

At 1 January 2024

36,281

6,353

19,491

Charge for year

-

-

2,169

Eliminated on disposal

-

(6,353

)

-

At 31 December 2024

36,281

-

21,660

NET BOOK VALUE

At 31 December 2024

-

-

6,507

At 31 December 2023

-

1,375

8,676

Computer

Bicycles

equipment

Totals

£

£

£

COST

At 1 January 2024

2,405

100,897

175,478

Additions

-

364

364

Disposals

-

-

(7,728

)

At 31 December 2024

2,405

101,261

168,114

DEPRECIATION

At 1 January 2024

2,184

77,355

141,664

Charge for year

55

5,931

8,155

Eliminated on disposal

-

-

(6,353

)

At 31 December 2024

2,239

83,286

143,466

NET BOOK VALUE

At 31 December 2024

166

17,975

24,648

At 31 December 2023

221

23,542

33,814

6.

STOCKS

2024

2023

£

£

Work-in-progress

56,335

33,175

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

523,931

459,017

Other debtors

9,778

7,212

Prepayments

8,570

21,624

542,279

487,853

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

41,861

39,918

Trade creditors

30,174

32,216

Tax

43,331

-

Social security and other taxes

21,462

23,618

VAT

180,682

169,496

Other creditors

20,969

21,662

Directors' current accounts

9,179

9,787

Accrued expenses

9,395

4,290

357,053

300,987

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan

17,023

41,861

Bank loans - 2-5 years

12,240

30,938

29,263

72,799

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

1,547

20,146

Between one and five years

-

9,137

1,547

29,283