Company No: 04552140 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	4	0		668
Tangible assets	5	659,490		684,179
		659,490		684,847
Current assets
Stocks		195,524		190,666
Debtors	6	657,264		48,373
Cash at bank and in hand		645,561		1,229,412
		1,498,349		1,468,451
Creditors: amounts falling due within one year	7	( 523,938)		( 223,929)
Net current assets		974,411		1,244,522
Total assets less current liabilities		1,633,901		1,929,369
Creditors: amounts falling due after more than one year	8	( 224,882)		( 244,897)
Provision for liabilities		( 25,027)		( 23,438)
Net assets		1,383,992		1,661,034
Capital and reserves
Called-up share capital	9	1,263		1,263
Share premium account		107,587		107,587
Capital redemption reserve		679		679
Other reserves		( 498,759 )		( 498,759 )
Profit and loss account		1,773,222		2,050,264
Total shareholders' funds		1,383,992		1,661,034

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Clayworks Limited (registered number: 04552140) were approved and authorised for issue by the Board of Directors on 28 August 2026. They were signed on its behalf by:

Adam Nelsen Weismann Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clayworks Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Clayworks Higher Bochym Workshops, Cury Cross Lanes, Helston, TR12 7AZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or subsequently enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Separately acquired trademarks and licenses are shown at historical cost

Trademarks, licenses (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licenses and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impaired losses.

Trademarks, patents and licences	10 years straight line
Website costs	25 % reducing balance

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the costs of assets, other than land and properties under construction over their estimated useful lives.

Land and buildings	not depreciated
Leasehold improvements	depreciated over the life of the lease
Plant and machinery	25 % reducing balance
Vehicles	4 years straight line
Fixtures and fittings	15 - 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	27		27

3. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 31 December 2025 of £650,000 (2024: £Nil) £0.51 per ordinary share	650,000		0

4. Intangible assets

	Trademarks, patents and licences		Website costs		Total
	£		£		£
Cost
At 01 January 2025	2,263		11,850		14,113
Disposals	0		( 11,850)		( 11,850)
At 31 December 2025	2,263		0		2,263
Accumulated amortisation
At 01 January 2025	2,263		11,182		13,445
Disposals	0		( 11,182)		( 11,182)
At 31 December 2025	2,263		0		2,263
Net book value
At 31 December 2025	0		0		0
At 31 December 2024	0		668		668

5. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	513,770		69,861		110,609		48,068		49,009		791,317
Additions	0		1,250		2,772		0		6,945		10,967
At 31 December 2025	513,770		71,111		113,381		48,068		55,954		802,284
Accumulated depreciation
At 01 January 2025	0		18,272		53,249		18,366		17,251		107,138
Charge for the financial year	0		1,077		14,879		12,017		7,683		35,656
At 31 December 2025	0		19,349		68,128		30,383		24,934		142,794
Net book value
At 31 December 2025	513,770		51,762		45,253		17,685		31,020		659,490
At 31 December 2024	513,770		51,589		57,360		29,702		31,758		684,179

6. Debtors

	2025		2024
	£		£
Trade debtors	648,300		31,293
Other debtors	8,964		17,080
	657,264		48,373

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		9,500
Trade creditors	58,557		79,470
Taxation and social security	242,736		79,703
Obligations under finance leases and hire purchase contracts	10,740		10,370
Other creditors	201,905		44,886
	523,938		223,929

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

	2025		2024
	£		£
Bank loans	193,624		204,510
Obligations under finance leases and hire purchase contracts	31,258		40,387
	224,882		244,897

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,263,152 Ordinary Shares shares of £ 0.001 each	1,263		1,263

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors loans owed from the company	(9,074)		(19,773)

At the end of the year, A Weismann and K Bryce were owed £9,073.72 from the company.