Clwyd Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04645728 (England and Wales)

CLWYD ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Ms G E Kelly

Mr G T Hoad

REGISTERED OFFICE:

Orton House

Overton Close

Coleorton

LEICESTER

LE67 8FY

REGISTERED NUMBER:

04645728 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Tangible assets

4

2,658

1,499

Investments

5

509,011

538,554

511,669

540,053

CURRENT ASSETS

Debtors

6

63,110

60,314

Cash at bank

676,339

604,466

739,449

664,780

CREDITORS

Amounts falling due within one year

7

46,424

47,260

NET CURRENT ASSETS

693,025

617,520

TOTAL ASSETS LESS CURRENT LIABILITIES

1,204,694

1,157,573

CAPITAL AND RESERVES

Called up share capital

8

7,785

7,785

Fair value reserve

9

32,882

61,170

Retained earnings

1,164,027

1,088,618

SHAREHOLDERS' FUNDS

1,204,694

1,157,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 19 December 2023 and were signed on its behalf by:

Ms G E Kelly - Director

1.	STATUTORY INFORMATION

Clwyd Associates 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.	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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended

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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

4,054

18,130

22,184

Additions

776

1,585

2,361

At 31 March 2023

4,830

19,715

24,545

DEPRECIATION

At 1 April 2022

3,969

16,716

20,685

Charge for year

241

961

1,202

At 31 March 2023

4,210

17,677

21,887

NET BOOK VALUE

At 31 March 2023

620

2,038

2,658

At 31 March 2022

85

1,414

1,499

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2022

538,554

Additions

24,946

Disposals

(26,201

)

Revaluations

(28,288

)

At 31 March 2023

509,011

NET BOOK VALUE

At 31 March 2023

509,011

At 31 March 2022

538,554

Cost or valuation at 31 March 2023 is represented by:

Other

investments

£

Valuation in 2023

509,011

The market value of the investment portfolio as at 31 March 2023 amounted to £509,011 (2022: £538,554).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

52,603

50,836

Other debtors

8,857

8,243

Prepayments and accrued income

1,650

1,235

63,110

60,314

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

(1

)

-

Corporation tax

24,304

23,324

VAT

18,212

20,476

Other creditors

2,409

3,460

Accruals and deferred income

1,500

-

46,424

47,260

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

7,785

Ordinary

£1

7,785

7,785

9.

RESERVES

Fair

value

reserve

£

At 1 April 2022

61,170

Transfer

(28,288

)

At 31 March 2023

32,882