Claydon Oakgrove Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09576303 (England and Wales)

CLAYDON OAKGROVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

G P Mcaleer

A J Ogden

REGISTERED OFFICE:

Unit 6

Birchy Cross Business Centre

Tanworth-in-Arden

Solihull

West Midlands

B94 5DN

REGISTERED NUMBER:

09576303 (England and Wales)

ACCOUNTANTS:

CUTTER & CO LTD

CHARTERED ACCOUNTANTS

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Tangible assets

4

209,175

219,841

CURRENT ASSETS

Stocks

12,731

8,142

Debtors

5

18,835

43,179

Cash at bank and in hand

102,438

64,095

134,004

115,416

CREDITORS

Amounts falling due within one year

6

92,162

96,701

NET CURRENT ASSETS

41,842

18,715

TOTAL ASSETS LESS CURRENT LIABILITIES

251,017

238,556

CREDITORS

Amounts falling due after more than one year

7

(65,169

)

(16,073

)

PROVISIONS FOR LIABILITIES

-

(2,141

)

NET ASSETS

185,848

220,342

CAPITAL AND RESERVES

Called up share capital

333,128

333,128

Retained earnings

(147,280

)

(112,786

)

185,848

220,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2021 and were signed on its behalf by:

A J Ogden - Director

1.	STATUTORY INFORMATION

Claydon Oakgrove 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 represents the total invoice value net of discounts, excluding value added tax, of sales made during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

in accordance with the property

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer and office equipment

-

20% on cost

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 Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Improvements

Fixtures

and

to

Plant and

and

office

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2020

165,564

144,408

31,978

21,581

363,531

Additions

-

21,239

-

4,410

25,649

At 31 December 2020

165,564

165,647

31,978

25,991

389,180

DEPRECIATION

At 1 January 2020

66,226

46,133

14,585

16,746

143,690

Charge for year

16,556

11,952

2,609

5,198

36,315

At 31 December 2020

82,782

58,085

17,194

21,944

180,005

NET BOOK VALUE

At 31 December 2020

82,782

107,562

14,784

4,047

209,175

At 31 December 2019

99,338

98,275

17,393

4,835

219,841

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2020

124,799

21,360

146,159

Additions

20,879

-

20,879

At 31 December 2020

145,678

21,360

167,038

DEPRECIATION

At 1 January 2020

39,524

10,210

49,734

Charge for year

10,616

1,672

12,288

At 31 December 2020

50,140

11,882

62,022

NET BOOK VALUE

At 31 December 2020

95,538

9,478

105,016

At 31 December 2019

85,275

11,150

96,425

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

3,509

4,070

Other debtors

15,326

39,109

18,835

43,179

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

1,753

-

Hire purchase contracts (see note 8)

15,243

35,848

Taxation and social security

4,867

5,882

Other creditors

70,299

54,971

92,162

96,701

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

48,246

-

Hire purchase contracts (see note 8)

16,923

16,073

65,169

16,073

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2020

2019

£

£

Net obligations repayable:

Within one year

15,243

35,848

Between one and five years

16,923

16,073

32,166

51,921

9.	OTHER FINANCIAL COMMITMENTS

The company has future operating commitments of £142,500

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2020 and 31 December 2019:

2020

2019

£

£

G P Mcaleer

Balance outstanding at start of year

1,603

1,603

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,603

1,603

A J Ogden

Balance outstanding at start of year

1,603

1,603

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,603

1,603

11.	RELATED PARTY DISCLOSURES

Claydon Cheltenham Ltd

Claydon Cheltenham Ltd is controlled by the directors of Claydon Oakgrove Limited.

Management services were sold to Claydon Cheltenham Ltd to the value of £4,000 (2019: £3,000). At the year end £Nil (2019: £Nil) was owed for these sales.

During a previous year funds were loaned to Claydon Cheltenham Limited and at the year end the company still owed £2,000 (2019: £10,000). No interest is being charged on the loan and no set repayment terms have been placed on it.

Steeple Dental Ltd

Steeple Dental Ltd is controlled by one of the directors of Claydon Oakgrove Ltd, Dr G McAleer.

Management services were sold to Steeple Dental Ltd to the value of £17,450 (2019: £12,500). At the year end £Nil (2019: £Nil) was owed for these sales.

The Old Bakery Dental Practice Ltd

The Old Bakery Dental Practice Ltd is controlled by one of the directors of Claydon Oakgrove Ltd, Dr G McAleer.

Management services were sold to The Old Bakery Dental Practice Ltd to the value of £Nil (2019: £24,000). At the year end £Nil (2019: £Nil) was for these sales.