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REGISTERED NUMBER: 04620779 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 April 2023

for

J W CLARK LIMITED

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)






Contents of the Financial Statements
for the year ended 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J W CLARK LIMITED

Company Information
for the year ended 30 APRIL 2023







DIRECTOR: J W Clark





REGISTERED OFFICE: Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: 04620779 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Balance Sheet
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,201,446 1,185,845
Investments 6 1 1
1,201,447 1,185,846

CURRENT ASSETS
Stocks 35,033 56,385
Debtors 7 253,058 310,509
Cash at bank and in hand 56,981 77,714
345,072 444,608
CREDITORS
Amounts falling due within one year 8 760,575 716,675
NET CURRENT LIABILITIES (415,503 ) (272,067 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

785,944

913,779

CREDITORS
Amounts falling due after more than one year 9 (551,174 ) (675,014 )

PROVISIONS FOR LIABILITIES (222,114 ) (213,288 )
NET ASSETS 12,656 25,477

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12,654 25,475
SHAREHOLDERS' FUNDS 12,656 25,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Balance Sheet - continued
30 APRIL 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:





J W Clark - Director


J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements
for the year ended 30 APRIL 2023

1. STATUTORY INFORMATION

J W Clark 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has now been fully amortised.

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.
Improvements to property - Straight line over 5 years
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at fair value.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2023

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the year was 16 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 15,500
AMORTISATION
At 1 May 2022
and 30 April 2023 15,500
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 38,242 951,634 21,642 873,625 1,885,143
Additions - 147,970 1,671 338,790 488,431
Disposals - (116,950 ) - (249,716 ) (366,666 )
At 30 April 2023 38,242 982,654 23,313 962,699 2,006,908
DEPRECIATION
At 1 May 2022 37,419 222,303 13,750 425,826 699,298
Charge for year 316 117,563 1,541 127,203 246,623
Eliminated on disposal - (46,770 ) - (93,689 ) (140,459 )
At 30 April 2023 37,735 293,096 15,291 459,340 805,462
NET BOOK VALUE
At 30 April 2023 507 689,558 8,022 503,359 1,201,446
At 30 April 2022 823 729,331 7,892 447,799 1,185,845

The net book value of tangible fixed assets includes £ 1,168,834 (2022 - £ 1,151,330 ) in respect of assets held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 1
NET BOOK VALUE
At 30 April 2023 1
At 30 April 2022 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 232,526 264,725
Amounts owed by group undertakings 7,936 7,936
Other debtors 12,596 37,848
253,058 310,509

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,240 22,560
Hire purchase contracts 352,041 344,332
Trade creditors 241,383 291,366
Taxation and social security 89,299 30,291
Other creditors 41,612 28,126
760,575 716,675

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 53,958 83,198
Hire purchase contracts 437,215 531,815
Other creditors 60,001 60,001
551,174 675,014

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 789,256 876,147

The liabilities are secured on the assets to which they relate.

The director has provided a personal guarantee totalling £50,000.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2