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REGISTERED NUMBER: 05702686 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

W.A. Clark Limited

W.A. Clark Limited (Registered number: 05702686)

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


W.A. Clark Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: W A Clark
S J Clark
Mrs P Clark
Mrs S A Clark
D J Clark





SECRETARY: Mrs P Clark





REGISTERED OFFICE: 15 Avon Avenue
Hucknall
Nottinghamshire
NG15 6FS





REGISTERED NUMBER: 05702686 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

W.A. Clark Limited (Registered number: 05702686)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 750 1,000
Tangible assets 5 14,495 18,355
15,245 19,355

CURRENT ASSETS
Stocks 2,000 2,500
Debtors 6 18,720 20,023
Cash at bank and in hand 3,414 8,639
24,134 31,162
CREDITORS
Amounts falling due within one year 7 29,572 17,453
NET CURRENT (LIABILITIES)/ASSETS (5,438 ) 13,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,807

33,064

PROVISIONS FOR LIABILITIES 1,792 1,792
NET ASSETS 8,015 31,272

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 7,715 30,972
SHAREHOLDERS' FUNDS 8,015 31,272

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.

W.A. Clark Limited (Registered number: 05702686)

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 14 November 2023 and were signed on its behalf by:





W A Clark - Director


W.A. Clark Limited (Registered number: 05702686)

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


1. STATUTORY INFORMATION

W.A. 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 2006, is being amortised evenly over its estimated useful life of twenty years.

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.
Plant and machinery - 15% on reducing balance
Storage shed - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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 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.


W.A. Clark Limited (Registered number: 05702686)

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 5,000
AMORTISATION
At 1 April 2022 4,000
Charge for year 250
At 31 March 2023 4,250
NET BOOK VALUE
At 31 March 2023 750
At 31 March 2022 1,000

W.A. Clark Limited (Registered number: 05702686)

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


5. TANGIBLE FIXED ASSETS
Plant and Storage Motor Office
machinery shed vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 6,215 134 38,170 3,616 48,135
Additions 455 - - - 455
At 31 March 2023 6,670 134 38,170 3,616 48,590
DEPRECIATION
At 1 April 2022 3,961 126 23,291 2,402 29,780
Charge for year 408 1 3,720 186 4,315
At 31 March 2023 4,369 127 27,011 2,588 34,095
NET BOOK VALUE
At 31 March 2023 2,301 7 11,159 1,028 14,495
At 31 March 2022 2,254 8 14,879 1,214 18,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,459 15,952
Other debtors 2,261 4,071
18,720 20,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,480 6,891
Taxation and social security 4,747 7,058
Other creditors 13,345 3,504
29,572 17,453

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300