Claydon Cheltenham Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10258595 (England and Wales)

CLAYDON CHELTENHAM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

9

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:

10258595 (England and Wales)

ACCOUNTANTS:

CUTTER & CO LTD

CHARTERED ACCOUNTANTS

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Intangible assets

4

139,461

154,257

Tangible assets

5

324,015

184,593

463,476

338,850

CURRENT ASSETS

Stocks

2,402

15,097

Debtors

6

59,411

64,740

Cash at bank and in hand

69,857

159,510

131,670

239,347

CREDITORS

Amounts falling due within one year

7

283,084

301,254

NET CURRENT LIABILITIES

(151,414

)

(61,907

)

TOTAL ASSETS LESS CURRENT LIABILITIES

312,062

276,943

CREDITORS

Amounts falling due after more than one year

8

133,475

118,066

NET ASSETS

178,587

158,877

CAPITAL AND RESERVES

Called up share capital

438,003

438,003

Share premium

2

2

Retained earnings

(259,418

)

(279,128

)

SHAREHOLDERS' FUNDS

178,587

158,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 22 June 2023 and were signed on its behalf by:

A J Ogden - Director

1.	STATUTORY INFORMATION

Claydon Cheltenham 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to the extent that it is probable that economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Services

Revenue for services is recognised in the period in which the services are provided in accordance with the stage of completion of the service when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive consideration due under the service terms;

- the stage of completion of the service at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the service can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 and loss over the relevant period. The capital element of 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 17 (2021 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2022

159,576

3,355

162,931

Additions

-

1,238

1,238

At 31 December 2022

159,576

4,593

164,169

AMORTISATION

At 1 January 2022

5,319

3,355

8,674

Charge for year

15,958

76

16,034

At 31 December 2022

21,277

3,431

24,708

NET BOOK VALUE

At 31 December 2022

138,299

1,162

139,461

At 31 December 2021

154,257

-

154,257

5.	TANGIBLE FIXED ASSETS

Computer

Improvements

Fixtures

and

to

Plant and

and

office

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2022

119,280

154,944

31,507

15,342

321,073

Additions

62,947

92,504

12,466

6,425

174,342

At 31 December 2022

182,227

247,448

43,973

21,767

495,415

DEPRECIATION

At 1 January 2022

41,665

68,693

13,461

12,661

136,480

Charge for year

13,035

16,234

4,085

1,566

34,920

At 31 December 2022

54,700

84,927

17,546

14,227

171,400

NET BOOK VALUE

At 31 December 2022

127,527

162,521

26,427

7,540

324,015

At 31 December 2021

77,615

86,251

18,046

2,681

184,593

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

7,797

3,228

Other debtors

51,614

61,512

59,411

64,740

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

9,949

9,627

Hire purchase contracts

28,114

3,220

Taxation and social security

3,884

3,650

Other creditors

241,137

284,757

283,084

301,254

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

25,701

35,650

Hire purchase contracts

59,951

7,513

Other creditors

47,823

74,903

133,475

118,066

9.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £173,875.

10.	RELATED PARTY DISCLOSURES

Claydon Oakgrove Ltd

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

Management services were purchased from Claydon Oakgrove Ltd to the value of £25,421 (2021: £19,171). At the year end £Nil (2021: £Nil) was owed to Claydon Oakgrove Ltd for these purchases.

Management services were sold to Claydon Oakgrove Ltd to the value of £8,281 (2021: £Nil). At the year end £Nil (2021: £Nil) was owed for these sales.

During a previous year funds were loaned from Claydon Oakgrove Limited and at the year end the company still owed £43,171 (2021: £55,171). No interest is being charged on the loan and no set repayment terms have been placed on it.

Beyond Dental Ltd

Claydon Cheltenham Ltd is controlled by the directors of Beyond Dental Ltd.

Management services were purchased from Beyond Dental Ltd to the value of £30,117 (2021: £14,924). At the year end £Nil (2021: £Nil) was owed to Beyond Dental Ltd for these purchases.

Beyond Leamington Ltd

Claydon Cheltenham Ltd is controlled by the directors of Beyond Leamington Ltd.

Management services were purchased from Beyond Leamington Ltd to the value of £17,635 (2021: £Nil). At the year end £Nil (2021: £Nil) was owed to Beyond Leamington Ltd for these purchases.

Management services were sold to Beyond Leamington Ltd to the value of £8,281 (2021: £Nil). At the year end £Nil (2021: £Nil) was owed for these sales.

During a previous year funds were loaned to Beyond Leamington Limited and at the year end the company still owed £109 (2021: £109). No interest is being charged on the loan and no set repayment terms have been placed on it.

Xandercorp Ltd

Xandercorp Ltd is controlled by A Ogden, a director of Claydon Cheltenham Ltd.

Consultancy services were purchased from Xandercorp Ltd to the value of £32,323 (2021: £16,250. At the year end £Nil (2021: £Nil) was owed to Xandercorp Ltd for these purchases.

McAleer Holdings Ltd

McAleer Holdings Ltd is controlled by G McAleer, a director of Claydon Cheltenham Ltd.

Consultancy services were purchased from McAleer Holdings Ltd to the value of £38,356 (2021: £7,500). At the year end £Nil (2021: £Nil) was owed to McAleer Holdings Ltd for these purchases.

A Ogden

A Ogden is a director of Claydon Cheltenham Ltd.

During a previous year funds were loaned from A Ogden and at the year end the company still owed £206 (2021: £206). No interest is being charged on the loan and no set repayment terms have been placed on it.

G McAleer

G McAleer is a director of Claydon Cheltenham Ltd.

During a previous year funds were loaned from G McAleer and at the year end the company still owed £205 (2021: £205). No interest is being charged on the loan and no set repayment terms have been placed on it.