JONATHAN CLARK & CO LIMITED

Company Registration Number:
07089211 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

JONATHAN CLARK & CO LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

JONATHAN CLARK & CO LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Trading in Fine Art



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Jonathan Clark
Victoria Clark


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 December 2023

And signed on behalf of the board by:
Name: Jonathan Clark
Status: Director

JONATHAN CLARK & CO LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 4,639,341 3,296,837
Cost of sales: ( 3,534,061 ) ( 2,635,271 )
Gross profit(or loss): 1,105,280 661,566
Administrative expenses: ( 317,051 ) ( 186,724 )
Operating profit(or loss): 788,229 474,842
Interest receivable and similar income: 1,505 138
Interest payable and similar charges: ( 502 ) ( 486 )
Profit(or loss) before tax: 789,232 474,494
Tax: ( 150,419 ) ( 90,858 )
Profit(or loss) for the financial year: 638,813 383,636

JONATHAN CLARK & CO LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,902 2,536
Total fixed assets: 1,902 2,536
Current assets
Stocks: 4 1,557,805 1,767,486
Debtors: 5 173,285 9,000
Cash at bank and in hand: 1,480,465 1,186,237
Total current assets: 3,211,555 2,962,723
Creditors: amounts falling due within one year: 6 ( 1,098,983 ) ( 989,599 )
Net current assets (liabilities): 2,112,572 1,973,124
Total assets less current liabilities: 2,114,474 1,975,660
Total net assets (liabilities): 2,114,474 1,975,660
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 2,104,474 1,965,660
Total Shareholders' funds: 2,114,474 1,975,660

The notes form part of these financial statements

JONATHAN CLARK & CO LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 December 2023
and signed on behalf of the board by:

Name: Jonathan Clark
Status: Director

The notes form part of these financial statements

JONATHAN CLARK & CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    invoiced amounts excluding value added tax in respect of sales to customers

    Tangible fixed assets depreciation policy

    is calculated to write off the cost less estimated residual values over their estimated lives

    Valuation information and policy

    where there is impairment fixed assets are written down to the receivable amount

JONATHAN CLARK & CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

JONATHAN CLARK & CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 10,978 6,889 17,867
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 10,978 6,889 17,867
Depreciation
At 1 April 2022 10,077 5,254 15,331
Charge for year 225 409 634
On disposals
Other adjustments
At 31 March 2023 10,302 5,663 15,965
Net book value
At 31 March 2023 676 1,226 1,902
At 31 March 2022 901 1,635 2,536

JONATHAN CLARK & CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 1,557,805 1,767,486
Total 1,557,805 1,767,486

JONATHAN CLARK & CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 173,285 9,000
Total 173,285 9,000

JONATHAN CLARK & CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 217,715 11,472
Taxation and social security 172,894 93,754
Accruals and deferred income 12,000 11,000
Other creditors 696,374 873,373
Total 1,098,983 989,599