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REGISTERED NUMBER: 06992960 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2022

FOR

CLARKE ASSOCIATES (MIDLANDS) LIMITED

CLARKE ASSOCIATES (MIDLANDS) LIMITED (REGISTERED NUMBER: 06992960)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


CLARKE ASSOCIATES (MIDLANDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







Directors: S J Clarke
Mrs J A Clarke





Secretary: Mrs J A Clarke





Registered office: 6 Beechwood Park Road
Solihull
West Midlands
B91 1ER





Registered number: 06992960 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

CLARKE ASSOCIATES (MIDLANDS) LIMITED (REGISTERED NUMBER: 06992960)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,332 9,332

CURRENT ASSETS
Debtors 5 4,929 3,364
Cash at bank 6,641 13,829
11,570 17,193
CREDITORS
Amounts falling due within one year 6 7,803 8,669
NET CURRENT ASSETS 3,767 8,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,099

17,856

CREDITORS
Amounts falling due after more than one
year

7

265

3,446
NET ASSETS 10,834 14,410

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,734 14,310
10,834 14,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

CLARKE ASSOCIATES (MIDLANDS) LIMITED (REGISTERED NUMBER: 06992960)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 1 July 2022 and were signed on its behalf by:





S J Clarke - Director


CLARKE ASSOCIATES (MIDLANDS) LIMITED (REGISTERED NUMBER: 06992960)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022


1. STATUTORY INFORMATION

Clarke Associates (Midlands) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Computer equipment - 33% 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.

CLARKE ASSOCIATES (MIDLANDS) LIMITED (REGISTERED NUMBER: 06992960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Computer
machinery & Fittings equipment Totals
£    £    £    £   
Cost
At 1 March 2021 22,517 2,201 8,908 33,626
Additions 391 - - 391
At 28 February 2022 22,908 2,201 8,908 34,017
Depreciation
At 1 March 2021 13,591 1,795 8,908 24,294
Charge for year 2,290 101 - 2,391
At 28 February 2022 15,881 1,896 8,908 26,685
Net book value
At 28 February 2022 7,027 305 - 7,332
At 28 February 2021 8,926 406 - 9,332

CLARKE ASSOCIATES (MIDLANDS) LIMITED (REGISTERED NUMBER: 06992960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 March 2021
and 28 February 2022 20,903
Depreciation
At 1 March 2021 13,187
Charge for year 1,929
At 28 February 2022 15,116
Net book value
At 28 February 2022 5,787
At 28 February 2021 7,716

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 4,371 3,191
Other debtors 558 173
4,929 3,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 3,181 3,181
Trade creditors 1,345 280
Taxation and social security 325 631
Other creditors 2,952 4,577
7,803 8,669

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 265 3,446