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REGISTERED NUMBER: 07481645 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

A.P. CLAXTON LTD

A.P. CLAXTON LTD (REGISTERED NUMBER: 07481645)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.P. CLAXTON LTD

Company Information
for the year ended 31 January 2023







DIRECTORS: J E Hoose
A H L Hoose
T E Roskams





REGISTERED OFFICE: Administration Office The Racecourse
Boroughbridge Road
Ripon
North Yorkshire
HG4 1UG





REGISTERED NUMBER: 07481645 (England and Wales)





ACCOUNTANTS: Morrell Middleton
Wellington House
Aviator Court
Clifton Moor
York
North Yorkshire
YO30 4UZ

A.P. CLAXTON LTD (REGISTERED NUMBER: 07481645)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,954 210,828

CURRENT ASSETS
Stocks 1,081,021 1,020,386
Debtors 5 273,652 200,691
Cash at bank 110,447 243,662
1,465,120 1,464,739
CREDITORS
Amounts falling due within one year 6 707,443 462,237
NET CURRENT ASSETS 757,677 1,002,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,631

1,213,330

CREDITORS
Amounts falling due after more than one year 7 (772,732 ) (1,000,781 )

PROVISIONS FOR LIABILITIES (41,031 ) (40,057 )
NET ASSETS 159,868 172,492

CAPITAL AND RESERVES
Called up share capital 500 500
Share premium 5,950 5,950
Retained earnings 153,418 166,042
SHAREHOLDERS' FUNDS 159,868 172,492

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

A.P. CLAXTON LTD (REGISTERED NUMBER: 07481645)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





T E Roskams - Director


A.P. CLAXTON LTD (REGISTERED NUMBER: 07481645)

Notes to the Financial Statements
for the year ended 31 January 2023

1. STATUTORY INFORMATION

A.P. Claxton 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.
Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at 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.

A.P. CLAXTON LTD (REGISTERED NUMBER: 07481645)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 367,651
Additions 128,444
Disposals (580 )
At 31 January 2023 495,515
DEPRECIATION
At 1 February 2022 156,823
Charge for year 122,931
Eliminated on disposal (193 )
At 31 January 2023 279,561
NET BOOK VALUE
At 31 January 2023 215,954
At 31 January 2022 210,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 238,403 177,653
Other debtors 35,249 23,038
273,652 200,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 199,931 8,834
Hire purchase contracts 5,682 -
Trade creditors 308,919 253,161
Taxation and social security 45,308 18,227
Other creditors 147,603 182,015
707,443 462,237

A.P. CLAXTON LTD (REGISTERED NUMBER: 07481645)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 730,764 1,000,781
Hire purchase contracts 41,968 -
772,732 1,000,781

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,000,781