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CLUTCH AND SERVICE CENTRE LIMITED - Company Information

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Clutch and Service Centre Limited

Registered Number:05730013

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

Clutch and Service Centre Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2019

Clutch and Service Centre Limited

Statement of Financial Position

Registered Number :

05730013

2018

2019

Notes

Fixed assets

Property, plant and equipment

31,472

33,237

31,472

33,237

Current assets

Inventories

1,000

Trade and other receivables

2,248

9,225

11,449

Cash and cash equivalents

15,460

25,685

14,697

Trade and other payables: amounts falling due within one

year

(43,247)

(26,908)

(28,550)

(1,223)

Net current liabilities

Total assets less current liabilities

30,249

4,687

(359)

(2,259)

Provisions for liabilities

29,890

Net assets

2,428

Capital and reserves

Called up share capital

Retained earnings

29,889

2,427

29,890

2,428

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Martin Lee Wilkins Director

These financial statements were approved and authorised for issue by the Board on 09 December 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Clutch and Service Centre Limited

Notes to the Financial Statements

Statutory Information

Clutch and Service Centre Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05730013.

Registered address:

Unit 21

Meadow Mill Industrial Estate, Dixon Street

Kidderminster

England

DY10 1HH

The presentation currency is £ sterling.

This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts

in these financial statements have been rounded to the nearest pound unless otherwise stated.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' (effective

September 2015) and the Companies Act 2006. The financial statements have been prepared under the historical

costs convention as modified by the revaluation of certain assets.

Goodwill

Goodwill was amortised evenly over its estimated useful life of 10 years.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Property Improvements

25% Reducing balance

Plant and Machinery

25% Reducing balance

33% Straight line

Computer Equipment

25% Reducing balance

Motor Vehicles

25% Reducing balance

Furniture and Fittings

Inventories

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs and purchases, costs of conversion and other costs incurred in bringing stock to its present location and condition.Cost is calculated using the first in first out method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Deferred tax

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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.

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For the year ended 31 March 2019

Clutch and Service Centre Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2018

15,000

At 31 March 2019

15,000

Amortisation

At 01 April 2018

15,000

At 31 March 2019

15,000

Net book value

At 31 March 2019

At 31 March 2018

Goodwill was written off in equal instalments over its estimated economic life of 10 years.

3. Property, plant and equipment

Total

Computer

Equipment

Furniture and

Fittings

Motor

Vehicles

Plant and

Machinery

Property

Improvements

Cost or

valuation

At 01 April 2018

82,306

196

2,500

50,768

19,295

9,547

8,758

308

6,100

2,350

Additions

At 31 March 2019

9,547

56,868

2,500

504

91,064

21,645

Provision for depreciation and impairment

At 01 April 2018

49,069

196

1,447

24,419

14,176

8,831

Charge for year

10,523

102

263

8,112

1,867

179

At 31 March 2019

59,592

298

1,710

32,531

16,043

9,010

At 31 March 2019

Net book value

537

5,602

24,337

790

206

31,472

716

5,119

26,349

1,053

33,237

At 31 March 2018

4. Inventories

2018

2019

Stocks

1,000

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For the year ended 31 March 2019

Clutch and Service Centre Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2018

2019

Trade debtors

6,694

2,248

Other debtors

2,531

2,248

9,225

6. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

6,459

6,265

Taxation and social security

18,603

24,946

Other creditors

1,846

12,036

26,908

43,247

7. Average number of persons employed

During the year the average number of employees was 2 (2018 : 2)

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