Company Registration No. 01079215 (England and Wales)
Clock Clinic Limited (The)
Unaudited accounts
for the year ended 31 December 2017
Clock Clinic Limited (The)
Unaudited accounts
Contents
Clock Clinic Limited (The)
Company Information
for the year ended 31 December 2017
Directors
Alastair Chandler
Victoria Chandler
Secretary
Alastair Chandler
Company Number
01079215 (England and Wales)
Registered Office
85 Lower Richmond Road
London
SW15 1EU
UK
Accountants
Taxacc Solutions Ltd
Chislehurst Business Centre
1 Bromley Lane
Chislehurst
Kent
BR7 6LH
Clock Clinic Limited (The)
Statement of financial position
as at 31 December 2017
Tangible assets
20,247
17,151
Cash at bank and in hand
93,949
47,720
Creditors: amounts falling due within one year
(61,526)
(78,324)
Net current assets
158,580
93,411
Net assets
178,827
110,562
Called up share capital
100
100
Profit and loss account
178,727
110,462
Shareholders' funds
178,827
110,562
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2018.
Alastair Chandler
Director
Company Registration No. 01079215
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2017
Clock Clinic Limited (The) is a private company, limited by shares, registered in England and Wales, registration number 01079215. The registered office is 85 Lower Richmond Road, London, SW15 1EU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Income is deferred when fully refundable deposit is invoiced for before work commences.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2017
15,201
49,218
64,419
At 31 December 2017
15,201
54,263
69,464
At 1 January 2017
3,518
43,750
47,268
Charge for the year
152
1,797
1,949
At 31 December 2017
3,670
45,547
49,217
At 31 December 2017
11,531
8,716
20,247
At 31 December 2016
11,683
5,468
17,151
Finished goods
82,961
88,192
Trade debtors
38,989
32,839
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Creditors: amounts falling due within one year
2017
2016
Trade creditors
6,683
3,998
Taxes and social security
50,758
37,670
Loans from directors
3,085
18,924
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension contributions due from the company and amounted to £1,654 (2016 - £2,026)
Clock Clinic Limited (The)
Notes to the Accounts
for the year ended 31 December 2017
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(10,698)
27,170
19,250
(2,778)
(8,226)
27,169
19,250
(307)
(18,924)
54,339
38,500
(3,085)
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Transactions with related parties
Remuneration paid to directors
During the year, £37,692 was paid to directors as remuneration. (2016: £25,680)
Dividends paid to directors
During the year, £35,000 was paid to directors as a dividend. (2016: £35,000)
Other transactions with directors
At the balance sheet date, the amount due to the director was £3,085 (2016: £18,924)
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Average number of employees
During the year the average number of employees was 5 (2016: 6).
