Clifford Engineering (Hull) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05868123 (England and Wales)

Clifford Engineering (Hull) Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M R Clifford

SECRETARY:

Mrs L Cobby

REGISTERED OFFICE:

45 Lincoln Street

Hull

East Yorkshire

HU2 0PB

REGISTERED NUMBER:

05868123 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

118,639

123,672

118,639

123,672

CURRENT ASSETS

Stocks

6

2,000

Debtors

7

94,506

56,251

Cash at bank

171,964

179,864

268,470

238,115

CREDITORS

Amounts falling due within one year

8

114,824

115,909

NET CURRENT ASSETS

153,646

122,206

TOTAL ASSETS LESS CURRENT
LIABILITIES

272,285

245,878

CREDITORS

Amounts falling due after more than one year

9

(2,500

)

(12,500

)

PROVISIONS FOR LIABILITIES

(21,053

)

(21,559

)

NET ASSETS

248,732

211,819

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

248,730

211,817

SHAREHOLDERS' FUNDS

248,732

211,819

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

Mr M R Clifford - Director

1.	STATUTORY INFORMATION

Clifford Engineering (Hull) 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.

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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Lodge

-

Straight line over 10 years

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 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

5,000

AMORTISATION

At 1 April 2024

and 31 March 2025

5,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Lodge

Totals

£

COST

At 1 April 2024

330,214

10,139

31,417

68,685

440,455

Additions

18,074

1,407

-

19,481

Disposals

-

(16,000

)

-

(16,000

)

At 31 March 2025

348,288

11,546

15,417

68,685

443,936

DEPRECIATION

At 1 April 2024

247,674

7,693

27,082

34,334

316,783

Charge for year

15,092

963

915

6,868

23,838

Eliminated on disposal

-

(15,324

)

-

(15,324

)

At 31 March 2025

262,766

8,656

12,673

41,202

325,297

NET BOOK VALUE

At 31 March 2025

85,522

2,890

2,744

27,483

118,639

At 31 March 2024

82,540

2,446

4,335

34,351

123,672

6.

STOCKS

2025

2024

£

Stocks

2,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

89,356

51,462

Prepayments

5,150

4,789

94,506

56,251

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Trade creditors

27,924

26,287

Receipts in advance

-

817

Tax

10,083

7,526

Social security and other taxes

2

618

VAT

14,902

9,158

Credit card

5,987

5,748

Directors' current accounts

42,750

52,209

Accruals

3,176

3,546

114,824

115,909

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

12,500