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Company Registration No. 07513780 (England and Wales)
Clarks Auto Service Limited Unaudited accounts for the year ended 28 February 2023
Clarks Auto Service Limited Unaudited accounts Contents
Page
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Clarks Auto Service Limited Company Information for the year ended 28 February 2023
Directors
Stephen Honour Jacqueline Honour
Company Number
07513780 (England and Wales)
Registered Office
203 West Street Fareham Hampshire London PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Clarks Auto Service Limited Accountants' report
Accountants' report to the board of directors of Clarks Auto Service Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clarks Auto Service Limited for the year ended 28 February 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Clarks Auto Service Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Clarks Auto Service Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clarks Auto Service Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Clarks Auto Service Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Clarks Auto Service Limited. You consider that Clarks Auto Service Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Clarks Auto Service Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 31 October 2023
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Clarks Auto Service Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,885 
17,103 
Current assets
Inventories
581 
581 
Debtors
16,334 
16,518 
Cash at bank and in hand
126,666 
131,771 
143,581 
148,870 
Creditors: amounts falling due within one year
(58,294)
(68,166)
Net current assets
85,287 
80,704 
Net assets
101,172 
97,807 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
101,170 
97,805 
Shareholders' funds
101,172 
97,807 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by
Stephen Honour Director Company Registration No. 07513780
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Clarks Auto Service Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Clarks Auto Service Limited is a private company, limited by shares, registered in England and Wales, registration number 07513780. The registered office is 203 West Street, Fareham, Hampshire, London, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 10% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
45,000 
At 28 February 2023
45,000 
Amortisation
At 1 March 2022
45,000 
At 28 February 2023
45,000 
Net book value
At 28 February 2023
- 
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Clarks Auto Service Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
23,039 
64,732 
22,491 
110,262 
Additions
3,578 
- 
- 
3,578 
At 28 February 2023
26,617 
64,732 
22,491 
113,840 
Depreciation
At 1 March 2022
18,785 
54,102 
20,272 
93,159 
Charge for the year
1,585 
2,657 
554 
4,796 
At 28 February 2023
20,370 
56,759 
20,826 
97,955 
Net book value
At 28 February 2023
6,247 
7,973 
1,665 
15,885 
At 28 February 2022
4,254 
10,630 
2,219 
17,103 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,742 
3,123 
Accrued income and prepayments
6,815 
6,556 
Other debtors
6,777 
6,839 
16,334 
16,518 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,760 
10,955 
Obligations under finance leases and hire purchase contracts
- 
1,827 
Trade creditors
15,637 
19,494 
Taxes and social security
18,833 
26,351 
Other creditors
833 
1,162 
Loans from directors
- 
377 
Accruals
15,231 
8,000 
58,294 
68,166 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Stephen Honour
Director loan account
(190)
5,932 
5,742 
- 
Jacqueline Honour
Director loan account
(187)
5,932 
5,745 
- 
(377)
11,864 
11,487 
- 
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Clarks Auto Service Limited Notes to the Accounts for the year ended 28 February 2023
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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