CLF Manufacturing Limited - Period Ending 2023-04-30
CLF Manufacturing Limited - Period Ending 2023-04-30
Registrar
Registration number:
for the Year Ended
CLF Manufacturing Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
CLF Manufacturing Limited
Company Information
Directors |
R G Cairns R J Lyon D J George |
Company secretary |
R J Lyon |
Registered office |
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Accountants |
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CLF Manufacturing Limited
(Registration number: 01584424)
Balance Sheet as at 30 April 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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|
|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
|
Retained earnings |
(136,571) |
(176,242) |
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Shareholders' deficit |
(136,471) |
(176,142) |
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Director
CLF Manufacturing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for rental income from property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Revenue is recognised on a straight line basis over the accounting year.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from tenants in relation to rent received in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
CLF Manufacturing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Rental income from operating leases is recognised on a straight line basis over the term of the lease.
Share capital
Ordinary shares are classified as equity.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
2023 |
2022 |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
4,303 |
4,497 |
Total current trade and other debtors |
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Whilst the amounts owed by group undertakings are payable on demand, it is unlikely that they will be received within one year.
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Amounts owed to group undertakings |
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Other creditors |
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Corporation tax |
1,096 |
1,122 |
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Accruals and deferred income |
6,317 |
6,422 |
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Whilst amounts owed to group undertakings are payable on demand, it is unlikely that they will be repaid within one year.
CLF Manufacturing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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|
|
100 |
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100 |
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Related party transactions |
Summary of transactions with other related parties
Group companies
Loans to related parties
2023 |
Other related parties |
Total |
At start of period |
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Impairment |
( |
( |
At end of period |
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2022 |
Other related parties |
Total |
At start of period |
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Impairment |
( |
( |
At end of period |
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CLF Manufacturing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023
Loans from related parties
2023 |
Parent |
Other related parties |
Total |
At start of period |
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Repaid |
( |
( |
( |
Impairment |
( |
( |
( |
At end of period |
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2022 |
Parent |
Other related parties |
Total |
At start of period |
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Advanced |
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- |
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Repaid |
( |
( |
( |
Impairment |
( |
( |
( |
At end of period |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is