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REGISTERED NUMBER: 08319865 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2023

FOR

CLARK BARS LIMITED

CLARK BARS LIMITED (REGISTERED NUMBER: 08319865)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARK BARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2023







DIRECTORS: Mrs G M Clark
T Clark





REGISTERED OFFICE: UN9 Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA





REGISTERED NUMBER: 08319865 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

CLARK BARS LIMITED (REGISTERED NUMBER: 08319865)

BALANCE SHEET
30 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,698 33,024
29,698 33,024

CURRENT ASSETS
Cash at bank - 57

CREDITORS
Amounts falling due within one year 6 103,737 74,340
NET CURRENT LIABILITIES (103,737 ) (74,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(74,039

)

(41,259

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (74,139 ) (41,359 )
SHAREHOLDERS' FUNDS (74,039 ) (41,259 )

CLARK BARS LIMITED (REGISTERED NUMBER: 08319865)

BALANCE SHEET - continued
30 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 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 17 October 2023 and were signed on its behalf by:





Mrs G M Clark - Director


CLARK BARS LIMITED (REGISTERED NUMBER: 08319865)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1. STATUTORY INFORMATION

Clark Bars 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Goodwill has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 5% on cost
Fixtures and fittings - 20% 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.

CLARK BARS LIMITED (REGISTERED NUMBER: 08319865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

2. ACCOUNTING POLICIES - continued

Going concern
Although the company's liabilities exceed its assets by £74,039 (2022 - £41,259), the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 30 March 2023 1,595
AMORTISATION
At 31 March 2022
and 30 March 2023 1,595
NET BOOK VALUE
At 30 March 2023 -
At 30 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
At 31 March 2022
and 30 March 2023 57,024 16,993 74,017
DEPRECIATION
At 31 March 2022 26,374 14,619 40,993
Charge for year 2,851 475 3,326
At 30 March 2023 29,225 15,094 44,319
NET BOOK VALUE
At 30 March 2023 27,799 1,899 29,698
At 30 March 2022 30,650 2,374 33,024

CLARK BARS LIMITED (REGISTERED NUMBER: 08319865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 50,081 20,801
Directors' current accounts 51,869 51,769
Accrued expenses 1,787 1,770
103,737 74,340

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties and T Clark and Mrs G Clark, holding 50% each of the issued share capital.