Clifton Marquee Company Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09879378 (England and Wales)

Clifton Marquee Company Limited

Unaudited Financial Statements for the Year Ended 31 December 2022

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A M J Currie

S J Henderson

J S Laycock

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

09879378 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

HSBC Bank plc

6-8 Colliers Walk

Nailsea

North Somerset

BS48 1RH

FIXED ASSETS

Tangible assets

5

210,640

271,317

CURRENT ASSETS

Debtors

19,357

52,223

Cash at bank

7,513

67,087

26,870

119,310

CREDITORS

Amounts falling due within one year

403,725

502,332

NET CURRENT LIABILITIES

(376,855

)

(383,022

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(166,215

)

(111,705

)

CREDITORS

Amounts falling due after more than one year

28,091

74,648

NET LIABILITIES

(194,306

)

(186,353

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(194,406

)

(186,453

)

SHAREHOLDERS' FUNDS

(194,306

)

(186,353

)

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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2023 and were signed on its behalf by:

A M J Currie - Director

1.	STATUTORY INFORMATION

Clifton Marquee Company 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's directors.

Turnover

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

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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 2% on cost and over life of lease

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2021 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2022

694,122

Additions

19,235

At 31 December 2022

713,357

DEPRECIATION

At 1 January 2022

422,805

Charge for year

79,912

At 31 December 2022

502,717

NET BOOK VALUE

At 31 December 2022

210,640

At 31 December 2021

271,317

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

Totals

£

COST

At 1 January 2022

and 31 December 2022

154,052

DEPRECIATION

At 1 January 2022

77,526

Charge for year

31,083

At 31 December 2022

108,609

NET BOOK VALUE

At 31 December 2022

45,443

At 31 December 2021

76,526

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.12.22

31.12.21

31.12.22

31.12.21

£

£

£

£

Gross obligations repayable:

Within one year

-

9,947

21,662

2,746

Between one and five years

-

-

10,831

54,156

-

9,947

32,493

56,902

Finance charges repayable:

Between one and five years

-

-

9,205

15,341

Net obligations repayable:

Within one year

-

9,947

21,662

2,746

Between one and five years

-

-

1,626

38,815

-

9,947

23,288

41,561

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

31.12.21

£

£

Hire purchase contracts and finance leases

23,288

51,508

The finance leases are secured over the asset to which they relate.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22

31.12.21

£

£

A M J Currie

Balance outstanding at start of year

(35

)

215

Amounts repaid

-

(250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(35

)

(35

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Currie, S Henderson and J Laycock.

The company was controlled throughout the year by its directors by virtue of the fact that between them they own all of the issued share capital.