Clockshelf Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09826895 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

for

CLOCKSHELF LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L A Leviton

Mr B S Leviton

Mr M G Goodkind

REGISTERED OFFICE:

258 Capability Green

Luton

Bedfordshire

LU1 3LU

REGISTERED NUMBER:

09826895 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

2,190

254

CURRENT ASSETS

Debtors

5

321,782

201,333

Cash at bank and in hand

14,566

111,777

336,348

313,110

CREDITORS

Amounts falling due within one year

6

50,391

134,815

NET CURRENT ASSETS

285,957

178,295

TOTAL ASSETS LESS CURRENT LIABILITIES

288,147

178,549

CAPITAL AND RESERVES

Called up share capital

7

102

102

Retained earnings

288,045

178,447

SHAREHOLDERS' FUNDS

288,147

178,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Board of Directors on 28 December 2018 and were signed on its behalf by:

Mr L A Leviton - Director

1.	STATUTORY INFORMATION

Clockshelf Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents rent receivable. Rental income is recognised evenly over the lease term.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2017

-

451

451

Additions

2,500

-

2,500

At 31 March 2018

2,500

451

2,951

DEPRECIATION

At 1 April 2017

-

197

197

Charge for year

500

64

564

At 31 March 2018

500

261

761

NET BOOK VALUE

At 31 March 2018

2,000

190

2,190

At 31 March 2017

-

254

254

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

72,571

5,480

Amounts owed by participating interests

32,475

14,021

Other debtors

103,851

74,825

Sundry Deposits

900

-

Prepayments and accrued income

111,985

107,007

321,782

201,333

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

2,880

2,387

Amounts owed to participating interests

6,458

6,458

Tax

38,073

42,114

Other creditors

100

43,400

Accruals and deferred income

-

37,431

Accrued expenses

2,880

3,025

50,391

134,815

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

34

A Ordinary

£1

34

34

34

B Ordinary

£1

34

33

34

C Ordinary

£1

34

1

102

68

8.	ULTIMATE CONTROLLING PARTY