Registered number
12083329
Clarkes Management Limited
Filleted Accounts
31 July 2023
Clarkes Management Limited
Registered number: 12083329
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 74,400 144,000
Cash at bank and in hand 26,614 147,047
101,014 291,047
Creditors: amounts falling due within one year 4 (65,925) (247,138)
Net current assets 35,089 43,909
Total assets less current liabilities 35,089 43,909
Creditors: amounts falling due after more than one year 5 (27,378) (37,403)
Net assets 7,711 6,506
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,611 6,406
Shareholder's funds 7,711 6,506
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Clarke
Director
Approved by the board on 21 February 2024
Clarkes Management Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2023 2022
£ £
Trade debtors 74,400 144,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 139,900
Directors loan account 38,369 51,923
Taxation and social security costs 26,056 53,815
Accruals 1,500 1,500
65,925 247,138
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 27,378 37,403
6 Related party transactions
During the year the company invoiced Clarkes Contract Limited to the total of £189,584 and Clarkes Contract (Southern) £44,044 for the project management. Amount due: £74,400.
7 Controlling party
Ultimate controlling party is Clarkes Holding Limited
8 Other information
Clarkes Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flemings Farm
Flemings Farm Road
Leigh-On-Sea
Essex
SS9 5QT
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