Company Registration No. 08311427 (England and Wales)
Clarus Homes (Design & Build) Ltd
Unaudited accounts
for the year ended 31 December 2021
Clarus Homes (Design & Build) Ltd
Unaudited accounts
Contents
Clarus Homes (Design & Build) Ltd
Company Information
for the year ended 31 December 2021
Company Number
08311427 (England and Wales)
Registered Office
Suite 5 & 6
The Thorne Business Park
Bethersden, Ashford
Kent
TN26 3AF
England
Accountants
Southern Accounting Limited
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
Clarus Homes (Design & Build) Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
34,319
37,643
Investment property
33,995
33,995
Cash at bank and in hand
6,064
8,547
Creditors: amounts falling due within one year
(43,510)
(94,990)
Net current assets
30,945
9,676
Total assets less current liabilities
99,259
81,314
Creditors: amounts falling due after more than one year
(54,035)
(69,728)
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
44,550
10,912
Shareholders' funds
44,750
11,112
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 director acknowledges his 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 and authorised for issue on 30 September 2022 and were signed on its behalf by
Mr C D Dickens
Director
Company Registration No. 08311427
Clarus Homes (Design & Build) Ltd
Notes to the Accounts
for the year ended 31 December 2021
Clarus Homes (Design & Build) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08311427. The registered office is Suite 5 & 6, The Thorne Business Park, Bethersden, Ashford, Kent, TN26 3AF, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
25% on Reducing Balance
Motor vehicles
25% on Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Clarus Homes (Design & Build) Ltd
Notes to the Accounts
for the year ended 31 December 2021
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
3,275
38,498
4,565
46,338
Additions
4,092
-
1,713
5,805
At 31 December 2021
7,367
38,498
6,278
52,143
At 1 January 2021
1,600
5,166
1,929
8,695
Charge for the year
1,041
7,087
1,001
9,129
At 31 December 2021
2,641
12,253
2,930
17,824
At 31 December 2021
4,726
26,245
3,348
34,319
At 31 December 2020
1,675
33,332
2,636
37,643
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
25,085
31,785
Fair value at 1 January 2021
33,995
At 31 December 2021
33,995
Amounts falling due within one year
Amounts due from group undertakings etc.
711
-
Accrued income and prepayments
43,729
58,250
Other debtors
24,030
24,740
Clarus Homes (Design & Build) Ltd
Notes to the Accounts
for the year ended 31 December 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
6,667
Obligations under finance leases and hire purchase contracts
6,527
6,187
Trade creditors
42,342
101,154
Taxes and social security
1,809
1,957
Other creditors
34,967
25,308
Loans from directors
(56,327)
(58,553)
Included within other creditors are retentions withheld from Sub-Contractors of £21,718 (2020: £25,382).
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
19,868
26,395
Aggregate of amounts that fall due for payment after five years
-
3,334
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
58,553
-
2,226
56,327
As at the balance sheet date, the company had an outstanding loan to Mr C Dickens for £56,327 (2020: £58,553). The loan is interest free and repayable upon demand.
10
Transactions with related parties
During the year, a loan of £76,248 (2020: £0) was received from Clarus Solutions Limited, a company controlled by common director and shareholder. It was agreed that £63,000 be written off of the loan. The balance outstanding at the date of the balance sheet was £13,248. The loan is interest free and repayable upon demand.
11
Average number of employees
During the year the average number of employees was 2 (2020: 2).
