REGISTERED NUMBER: 07641722

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLINCH & FOLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D S H Clinch

Mrs S Clinch

J A Gaulton

REGISTERED OFFICE:

18 Pembroke Centre

Cheney Manor Estate

Swindon

Wiltshire

SN2 2PQ

REGISTERED NUMBER:

07641722

ACCOUNTANTS:

Derrick Newman Limited

Chartered Accountants

29 Bath Road

Swindon

Wiltshire

SN1 4AS

FIXED ASSETS

Intangible assets

4

25,000

30,000

Tangible assets

5

78,653

104,588

103,653

134,588

CURRENT ASSETS

Stocks

210,000

-

Debtors

6

147,277

377,861

Cash at bank

139,567

322,362

496,844

700,223

CREDITORS

Amounts falling due within one year

7

109,682

217,733

NET CURRENT ASSETS

387,162

482,490

TOTAL ASSETS LESS CURRENT LIABILITIES

490,815

617,078

CREDITORS

Amounts falling due after more than one year

8

-

(12,015

)

PROVISIONS FOR LIABILITIES

(19,660

)

(26,147

)

NET ASSETS

471,155

578,916

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

471,053

578,814

SHAREHOLDERS' FUNDS

471,155

578,916

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:

D S H Clinch - Director

1.	STATUTORY INFORMATION

Clinch & Foley Limited is a private company, limited by shares , registered in Not specified/Other. 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 recognised on measurement of work done and is exclusive of value added tax.

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.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Stocks

Stock is the left over balance of consumables and is valued according to expected use.

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 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

70,000

Charge for year

5,000

At 31 March 2025

75,000

NET BOOK VALUE

At 31 March 2025

25,000

At 31 March 2024

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

148,290

DEPRECIATION

At 1 April 2024

43,702

Charge for year

25,935

At 31 March 2025

69,637

NET BOOK VALUE

At 31 March 2025

78,653

At 31 March 2024

104,588

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

138,256

320,451

Other debtors

9,021

57,410

147,277

377,861

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,581

23,632

Trade creditors

66,450

78,544

Taxation and social security

25,311

111,066

Other creditors

5,340

4,491

109,682

217,733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

12,015

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

12,984

The bank has a floating charge over the assets of the company.

10.	RELATED PARTY DISCLOSURES

There is a loan from D Clinch as follows:

2025 £385

2024 £385

There is a loan from J Gaulton as follows:

2025 £1,299

2024 £1,299

Directors received dividends from their shares.