Clockword Limited - Period Ending 2019-04-30

Registration number: 05091419

Clockword Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2019

Clockword Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Clockword Limited

Company Information

Director

S D Whitworth

Company secretary

N Whitworth

Registered office

Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Accountants

Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Page 1

Clockword Limited

(Registration number: 05091419)
Balance Sheet as at 30 April 2019

	Note	2019 £	2018 £
Creditors: Amounts falling due within one year	3	(80,888)	(80,888)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(80,889)	(80,889)
Total equity		(80,888)	(80,888)

For the financial year ending 30 April 2019 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 January 2020
 

.........................................

S D Whitworth
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Clockword Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
United Kingdom

These financial statements were authorised for issue by the director on 13 January 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 3

Clockword Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2019

3

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Other creditors	80,888	80,888

4	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary Share of £1 each	1	1	1	1

5	Related party transactions

Summary of transactions with entities with joint control or significant interest

Interest free working capital funding with no fixed repayment terms.
 

Expenditure with and payables to related parties

2019

2018	Entities with joint control or significant influence £
Amounts payable to related party	80,888

Page 4