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REGISTERED NUMBER: 05395426 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

R C CLARINGBOULD & SONS LIMITED

R C CLARINGBOULD & SONS LIMITED (REGISTERED NUMBER: 05395426)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R C CLARINGBOULD & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N Claringbould
J M Claringbould
Mrs L J Claringbould
J G Claringbould





SECRETARY: Mrs L J Claringbould





REGISTERED OFFICE: 7 Millfield
St Margarets At Cliffe
DOVER
Kent
CT15 6JL





REGISTERED NUMBER: 05395426 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

R C CLARINGBOULD & SONS LIMITED (REGISTERED NUMBER: 05395426)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,553 216,231

CURRENT ASSETS
Stocks 826,327 10,000
Debtors 5 161,810 43,543
Cash at bank 160,350 973,716
1,148,487 1,027,259
CREDITORS
Amounts falling due within one year 6 59,914 53,756
NET CURRENT ASSETS 1,088,573 973,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,270,126

1,189,734

PROVISIONS FOR LIABILITIES 7 34,495 41,084
NET ASSETS 1,235,631 1,148,650

CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 1 1
Retained earnings 1,235,628 1,148,647
SHAREHOLDERS' FUNDS 1,235,631 1,148,650

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.

R C CLARINGBOULD & SONS LIMITED (REGISTERED NUMBER: 05395426)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





N Claringbould - Director


R C CLARINGBOULD & SONS LIMITED (REGISTERED NUMBER: 05395426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

R C Claringbould & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires the directors to make estimates and assumptions that affect the amounts reported in the financial statements. The directors believe that the critical accounting policies where judgement or estimates are necessarily applied are summarised below.

Amounts receivable under contracts
In calculating amounts receivable under contracts, the directors have reviewed the costs and completion stages of contracts at the year end in order to arrive at a figure at sales value. The directors have reviewed these calculations and concluded that they are appropriate.

Turnover
Turnover represents net invoiced sales of services and goods, excluding value added tax, adjusted for amounts receivable under contracts.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


R C CLARINGBOULD & SONS LIMITED (REGISTERED NUMBER: 05395426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 383,355 107,815 491,170
DEPRECIATION
At 1 April 2022 189,495 85,444 274,939
Charge for year 29,085 5,593 34,678
At 31 March 2023 218,580 91,037 309,617
NET BOOK VALUE
At 31 March 2023 164,775 16,778 181,553
At 31 March 2022 193,860 22,371 216,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,940 370
Amounts receivable under
contracts 105,000 41,335
Other debtors 5,870 1,838
161,810 43,543

R C CLARINGBOULD & SONS LIMITED (REGISTERED NUMBER: 05395426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,807 20,354
Corporation tax 27,039 9,435
Social security and other taxes 3,220 4,594
Other creditors 3,360 3,205
Directors' current accounts 14,488 16,168
59,914 53,756

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 34,495 41,084

Deferred
tax
£   
Balance at 1 April 2022 41,084
Accelerated capital allowances (6,589 )
Balance at 31 March 2023 34,495

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
15 Ordinary A 10p 2 2

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 45,281 -

10. RELATED PARTY DISCLOSURES

During the year the directors loaned the company £Nil (2022-£85,931) and withdrew £1,680 (2022-£88,530). At the year end the company owed the directors £14,488 (2022-£16,168), no interest was charged on these loans.