Company Registration No. 01079215 (England and Wales)
Clock Clinic Limited (The)
Unaudited accounts
for the year ended 31 December 2021
Clock Clinic Limited (The)
Unaudited accounts
Contents
Clock Clinic Limited (The)
Company Information
for the year ended 31 December 2021
Directors
Alastair Chandler
Victoria Chandler
Secretary
Alastair Chandler
Company Number
01079215 (England and Wales)
Registered Office
85 Lower Richmond Road
London
SW15 1EU
UK
Accountants
Taxacc Solutions Ltd
22 Mount Ephraim Road
Tunbridge Wells
TN1 1ED
Clock Clinic Limited (The)
Statement of financial position
as at 31 December 2021
Tangible assets
16,999
16,998
Inventories
100,654
99,706
Cash at bank and in hand
91,406
80,921
Creditors: amounts falling due within one year
(77,555)
(56,291)
Net current assets
137,534
151,155
Total assets less current liabilities
154,533
168,153
Creditors: amounts falling due after more than one year
-
(50,000)
Net assets
154,533
118,153
Called up share capital
100
100
Profit and loss account
154,433
118,053
Shareholders' funds
154,533
118,153
For the year ending 31 December 2021 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2022 and were signed on its behalf by
Alastair Chandler
Director
Company Registration No. 01079215
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2021
Clock Clinic Limited (The) is a private company, limited by shares, registered in England and Wales, registration number 01079215. The registered office is 85 Lower Richmond Road, London, SW15 1EU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Income is deferred when fully refundable deposit is invoiced for before work commences.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2021
15,201
57,931
73,132
At 31 December 2021
15,201
59,810
75,011
At 1 January 2021
4,126
52,008
56,134
Charge for the year
152
1,726
1,878
At 31 December 2021
4,278
53,734
58,012
At 31 December 2021
10,923
6,076
16,999
At 31 December 2020
11,075
5,923
16,998
Finished goods
100,654
99,706
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
18,661
21,705
Accrued income and prepayments
4,368
4,366
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
12,683
18,663
Taxes and social security
30,828
22,849
Loans from directors
6,674
4,286
8
Creditors: amounts falling due after more than one year
2021
2020
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension contributions due from the company and amounted to £1,732 (2020 - £1,644)
11
Transactions with related parties
At the balance sheet date, the amount due to the director was £6,674 (2020: £4,286)
12
Average number of employees
During the year the average number of employees was 6 (2020: 7).
