Clarke & Hubble Building and Property Maintenance Limited Filleted accounts for Companies House (small and micro)

CLARKE & HUBBLE BUILDING AND PROPERTY MAINTENANCE LIMITED - Company Information

6 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 06951203 2022-08-01 2023-01-31 06951203 2023-01-31 06951203 2022-07-31 06951203 2021-08-01 2022-07-31 06951203 2022-07-31 06951203 core:MotorVehicles 2022-08-01 2023-01-31 06951203 bus:Director1 2022-08-01 2023-01-31 06951203 bus:Director2 2022-08-01 2023-01-31 06951203 core:MotorVehicles 2022-07-31 06951203 core:WithinOneYear 2023-01-31 06951203 core:WithinOneYear 2022-07-31 06951203 core:ShareCapital 2023-01-31 06951203 core:ShareCapital 2022-07-31 06951203 core:RetainedEarningsAccumulatedLosses 2023-01-31 06951203 core:RetainedEarningsAccumulatedLosses 2022-07-31 06951203 core:MotorVehicles 2022-07-31 06951203 bus:SmallEntities 2022-08-01 2023-01-31 06951203 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-01-31 06951203 bus:FullAccounts 2022-08-01 2023-01-31 06951203 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-01-31 06951203 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-01-31 06951203 core:OfficeEquipment 2022-08-01 2023-01-31 06951203 core:OfficeEquipment 2022-07-31

COMPANY REGISTRATION NUMBER: 06951203

Clarke & Hubble Building and Property Maintenance Limited

Filleted Unaudited Financial Statements

31 January 2023

Clarke & Hubble Building and Property Maintenance Limited

Statement of Financial Position

31 January 2023

	31 Jan 23		31 Jul 22
Note	£	£	£

Fixed assets

Tangible assets	5		–	4,516

Current assets

Stocks		–	650
Debtors	6	10,553	7,764
Cash at bank and in hand		1,192	18,814
		--------	--------
		11,745	27,228

Creditors: amounts falling due within one year	7	9,576		27,664
		--------		--------
Net current assets/(liabilities)			2,169	( 436)
			-------	-------
Total assets less current liabilities			2,169	4,080

Provisions

Taxation including deferred tax	–	858
	-------	-------
Net assets	2,169	3,222
	-------	-------

Clarke & Hubble Building and Property Maintenance Limited

Statement of Financial Position (continued)

31 January 2023

	31 Jan 23		31 Jul 22
Note	£	£	£

Capital and reserves

Called up share capital	12	12
Profit and loss account	2,157	3,210
	-------	-------
Shareholders funds	2,169	3,222
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 March 2023 , and are signed on behalf of the board by:

J Clarke	M Holmes
Director	Director

Company registration number: 06951203

Clarke & Hubble Building and Property Maintenance Limited

Notes to the Financial Statements

Period from 1 August 2022 to 31 January 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, Bedfordshire, MK40 2NR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Deferred taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 6 (2022: 6 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 August 2022	20,995	3,612	24,607
Disposals	( 20,995)	( 3,612)	( 24,607)
	--------	-------	--------
At 31 January 2023	–	–	–
	--------	-------	--------
Depreciation
At 1 August 2022	17,852	2,239	20,091
Disposals	( 17,852)	( 2,239)	( 20,091)
	--------	-------	--------
At 31 January 2023	–	–	–
	--------	-------	--------
Carrying amount
At 31 January 2023	–	–	–
	--------	-------	--------
At 31 July 2022	3,143	1,373	4,516
	--------	-------	--------

6. Debtors

	31 Jan 23	31 Jul 22
	£	£
Other debtors	10,553	7,764
	--------	-------

7. Creditors: amounts falling due within one year

	31 Jan 23	31 Jul 22
	£	£
Trade creditors	–	11,912
Corporation tax	6,257	10,743
Social security and other taxes	1,719	2,619
Other creditors	1,600	2,390
	-------	--------
	9,576	27,664
	-------	--------

8. Directors' advances, credits and guarantees

The overdrawn directors loan accounts totalling £10,553 were repaid within 9 months of the year end.