Fred Clipsham Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06770077 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

FRED CLIPSHAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T L Clipsham

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

06770077 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

53,926

13,367

53,926

13,367

CURRENT ASSETS

Stocks

1,000

Debtors

6

-

9,221

Cash at bank

6,561

33,867

7,561

44,088

CREDITORS

Amounts falling due within one year

7

48,443

31,119

NET CURRENT (LIABILITIES)/ASSETS

(40,882

)

12,969

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,044

26,336

CREDITORS

Amounts falling due after more than one year

8

-

(3,663

)

PROVISIONS FOR LIABILITIES

9

(1,345

)

(2,820

)

NET ASSETS

11,699

19,853

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11,599

19,753

SHAREHOLDERS' FUNDS

11,699

19,853

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th August 2026 and were signed by:

T L Clipsham - Director

1.	STATUTORY INFORMATION

Fred Clipsham 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nine years.

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.

Improvements to property

-

10% on reducing balance

Tools and equipment

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

9,000

AMORTISATION

At 1st January 2025

and 31st December 2025

9,000

NET BOOK VALUE

At 31st December 2025

-

At 31st December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Tools and

Computer

property

equipment

Totals

£

COST

At 1st January 2025

-

14,822

359

15,181

Additions

47,322

-

47,322

At 31st December 2025

47,322

14,822

359

62,503

DEPRECIATION

At 1st January 2025

-

1,455

359

1,814

Charge for year

4,732

2,031

-

6,763

At 31st December 2025

4,732

3,486

359

8,577

NET BOOK VALUE

At 31st December 2025

42,590

11,336

-

53,926

At 31st December 2024

-

13,367

-

13,367

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Tax

-

9,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Bank loans and overdrafts

3,505

5,000

Trade creditors

7,670

2,609

Tax

7,806

13,458

VAT

7,523

5,586

Other creditors

366

483

Directors' current accounts

20,033

2,153

Accrued expenses

1,540

1,830

48,443

31,119

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

Bank loans - 1-2 years

-

3,663

9.	PROVISIONS FOR LIABILITIES

31/12/25

31/12/24

£

Deferred tax

1,345

2,820

Deferred

tax

£

Balance at 1st January 2025

2,820

Credit to Statement of Income and Retained Earnings during year

(1,475

)

Balance at 31st December 2025

1,345

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

100

Ordinary

£1

100

11.	ULTIMATE CONTROLLING PARTY

Mr T L Clipsham owns 100% of the issued share capital.