Clements Finance Limited - Accounts to registrar (filleted) - small 18.2

Clements Finance Limited - Accounts to registrar (filleted) - small 18.2

CLEMENTS FINANCE LIMITED - Company Information

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REGISTERED NUMBER: 06685243















Unaudited Financial Statements For The Year Ended 30 September 2018

for

Clements Finance Limited
Clements Finance Limited (Registered number: 06685243)

Contents of the Financial Statements
For The Year Ended 30 September 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clements Finance Limited

Company Information
For The Year Ended 30 September 2018







DIRECTOR: Mr M R Clements





REGISTERED OFFICE: 7 Billing Road
Northampton
Northamptonshire
NN1 5AN





REGISTERED NUMBER: 06685243





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
Northamptonshire
NN1 5AN
Page 1
Clements Finance Limited (Registered number: 06685243)

Balance Sheet
30 September 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,438 50,767

CURRENT ASSETS
Debtors 5 40,571 15,477
Cash at bank 43,812 45,885
84,383 61,362
CREDITORS
Amounts falling due within one year 6 69,643 58,324
NET CURRENT ASSETS 14,740 3,038
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,178
53,805

CREDITORS
Amounts falling due after more than one
year
7
45,000
45,000
NET ASSETS 25,178 8,805

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,177 8,804
SHAREHOLDERS' FUNDS 25,178 8,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 October 2018 and were signed by:





Mr M R Clements - Director


The notes form part of these financial statements

Page 2
Clements Finance Limited (Registered number: 06685243)

Notes to the Financial Statements
For The Year Ended 30 September 2018


1. STATUTORY INFORMATION

Clements Finance Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Page 3 continued...
Clements Finance Limited (Registered number: 06685243)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2017 69,994
Additions 70,780
Disposals (64,000 )
At 30 September 2018 76,774
DEPRECIATION
At 1 October 2017 19,227
Charge for year 18,109
Eliminated on disposal (16,000 )
At 30 September 2018 21,336
NET BOOK VALUE
At 30 September 2018 55,438
At 30 September 2017 50,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 9,419
Other debtors 40,571 6,058
40,571 15,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 9,491 13,955
Other creditors 60,152 44,369
69,643 58,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Other creditors 45,000 45,000

Page 4