Clatums Trading Limited Filleted accounts for Companies House (small and micro)

Clatums Trading Limited

Unaudited financial statements

31 August 2025

Company Registration Number 12145999

Clatums Trading Limited

Financial statements

year ended 31 August 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

Clatums Trading Limited

Statement of financial position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	39,167	39,167
Tangible assets	6	150,339	109,281
		---------	---------
		189,506	148,448

Current assets

Stocks		239,472	219,928
Debtors	7	62,908	97,292
Cash at bank and in hand		143,463	93,151
		---------	---------
		445,843	410,371

Creditors: amounts falling due within one year	8	200,628	189,380
		---------	---------
Net current assets		245,215	220,991
		---------	---------
Total assets less current liabilities		434,721	369,439

Creditors: amounts falling due after more than one year	9	57,239	32,939
		---------	---------
Net assets		377,482	336,500
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	377,382	336,400
	---------	---------
Shareholders funds	377,482	336,500
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Clatums Trading Limited

Statement of financial position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Mr B Grainger
Director

Company registration number: 12145999

Clatums Trading Limited

Notes to the financial statements

year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Rufford Hills Farm, Rufford, Newark, Nottinghamshire, NG22 9DQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Intangible assets

	Goodwill
	£

Cost
At 1 September 2024 and 31 August 2025	39,167
	--------
Amortisation
At 1 September 2024 and 31 August 2025	–
	--------
Carrying amount
At 31 August 2025	39,167
	--------
At 31 August 2024	39,167
	--------

6. Tangible assets

Plant and machinery	Motor vehicles	Equipment	Total
£	£	£	£

Cost
At 1 September 2024	25,693	129,125	26,368	181,186
Additions	439	135,681	1,924	138,044
Disposals	( 308)	( 89,816)	( 150)	( 90,274)
	--------	---------	--------	---------
At 31 August 2025	25,824	174,990	28,142	228,956
	--------	---------	--------	---------
Depreciation
At 1 September 2024	10,108	55,369	6,428	71,905
Charge for the year	2,364	39,488	3,261	45,113
Disposals	( 46)	( 38,332)	( 23)	( 38,401)
	--------	---------	--------	---------
At 31 August 2025	12,426	56,525	9,666	78,617
	--------	---------	--------	---------
Carrying amount
At 31 August 2025	13,398	118,465	18,476	150,339
	--------	---------	--------	---------
At 31 August 2024	15,585	73,756	19,940	109,281
	--------	---------	--------	---------

7. Debtors

	2025	2024
	£	£

Trade debtors	21,988	4,680
Other debtors	40,920	92,612
	--------	--------
	62,908	97,292
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	9,064	10,000
Trade creditors	103,111	80,540
Corporation tax	37,674	42,668
Social security and other taxes	4,553	15,415
Other creditors	46,226	40,757
	---------	---------
	200,628	189,380
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans and overdrafts	–	9,064
Other creditors	57,239	23,875
	--------	--------
	57,239	32,939
	--------	--------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

2025
Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
£	£	£	£

Mr B Grainger	( 9,498)	154,763	( 145,925)	( 660)
	-------	---------	---------	----

2024
Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
£	£	£	£

Mr B Grainger	( 8,467)	92,427	( 93,458)	( 9,498)
	-------	--------	--------	-------