Clockwork Creative Technology Limited

Clockwork Creative Technology Ltd, based in Leeds, UK, is a small, active company established 27 years ago. With six employees and £603,721 in assets, it’s a solo-founded operation led by a single director and owner, Kear Andrew Mark. The company boasts a stellar 5.0 Google rating from 79 reviews, and operates from a real address. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with just two months of import activity recorded, the last in 2019.

The company’s website, while not providing detailed e-commerce functionality, indicates a focus on business and domestic software development, IT consultancy, and computer repair. It seems to be a service-oriented business rather than a retail operation.

Financially, Clockwork Creative Technology Ltd shows a mixed picture. Current assets decreased by 13% to £600,000, while net assets fell by a significant 43% to £260,000. Cash bank on hand dropped by 29% to £300,000. Trade debtors increased by 17% to £210,000, suggesting potentially delayed payments from clients. Creditors rose by 31% to £370,000, which could be due to increased supplier costs or expansion. Interestingly, accumulated depreciation impairment property plant equipment decreased by 30%, which could be due to asset disposals or adjustments in depreciation methods. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises questions about its long-term financial health. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s retained earnings accumulated losses decreased by 47%, which is a concern. It’s a bit unclear if the business is burning through money, or if this is a natural fluctuation. The company's accounting standards applied matches taxonomy entry truefalse, and the company is entitled to exemption from audit under section 477 of the Companies Act 2006.

Registered in England/Wales under the registration number 03541972, with a registered address at LS12 2LB, England, Leeds, Unit 5, Armley Court Armley Road, Armley.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.