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REGISTERED NUMBER: 07447814 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

CLARENCE ROAD SERVICE STATION LTD

CLARENCE ROAD SERVICE STATION LTD (Registered number: 07447814)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


CLARENCE ROAD SERVICE STATION LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: I M PORTER
C TOOMEY





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 07447814 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

CLARENCE ROAD SERVICE STATION LTD (Registered number: 07447814)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

I M PORTER
C TOOMEY

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I M PORTER - Director


1 July 2023

CLARENCE ROAD SERVICE STATION LTD (Registered number: 07447814)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

31/3/23 31/3/22
Notes £    £   

TURNOVER 982,782 813,415

Cost of sales 712,400 518,379
GROSS PROFIT 270,382 295,036

Administrative expenses 87,692 81,892
OPERATING PROFIT and
PROFIT BEFORE TAXATION 182,690 213,144

Tax on profit 36,302 32,277
PROFIT FOR THE FINANCIAL YEAR 146,388 180,867

Retained earnings at beginning of year 369,748 228,881

Dividends 5 (50,000 ) (40,000 )

RETAINED EARNINGS AT END OF YEAR 466,136 369,748

CLARENCE ROAD SERVICE STATION LTD (Registered number: 07447814)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 48,260 57,260

CURRENT ASSETS
Stocks 600 550
Cash at bank and in hand 435,119 341,384
435,719 341,934
CREDITORS
Amounts falling due within one year 7 67,743 79,346
NET CURRENT ASSETS 367,976 262,588
TOTAL ASSETS LESS CURRENT LIABILITIES 416,236 319,848

CREDITORS
Amounts falling due after more than one year 8 (50,000 ) (50,000 )
NET ASSETS 466,236 369,848

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 466,136 369,748
SHAREHOLDERS' FUNDS 466,236 369,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2023 and were signed on its behalf by:





I M PORTER - Director


CLARENCE ROAD SERVICE STATION LTD (Registered number: 07447814)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

CLARENCE ROAD SERVICE STATION 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
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 AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/23 31/3/22
£    £   
Depreciation - owned assets 9,000 9,000

CLARENCE ROAD SERVICE STATION LTD (Registered number: 07447814)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DIVIDENDS
31/3/23 31/3/22
£    £   
ORDINARY shares of 1.00 each
Final 50,000 40,000

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 71,524 3,000 74,524
DEPRECIATION
At 1 April 2022 16,664 600 17,264
Charge for year 9,000 - 9,000
At 31 March 2023 25,664 600 26,264
NET BOOK VALUE
At 31 March 2023 45,860 2,400 48,260
At 31 March 2022 54,860 2,400 57,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 5,137 2,425
Trade creditors 6 5
Tax 36,302 32,967
VAT 14,659 4,575
Other creditors 4,325 4,325
Directors' current accounts 6,631 34,299
Accrued expenses 683 750
67,743 79,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans - 1-2 years (50,000 ) (50,000 )