Clark's Motor Services (Rednal) Limited 00853218 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Management company Digita Accounts Production Advanced 6.30.9574.0 true true 00853218 2022-11-01 2023-10-31 00853218 2023-10-31 00853218 core:RetainedEarningsAccumulatedLosses 2023-10-31 00853218 core:ShareCapital 2023-10-31 00853218 core:CurrentFinancialInstruments 2023-10-31 00853218 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 00853218 core:FurnitureFittingsToolsEquipment 2023-10-31 00853218 core:MotorVehicles 2023-10-31 00853218 bus:SmallEntities 2022-11-01 2023-10-31 00853218 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 00853218 bus:FullAccounts 2022-11-01 2023-10-31 00853218 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 00853218 bus:RegisteredOffice 2022-11-01 2023-10-31 00853218 bus:CompanySecretaryDirector2 2022-11-01 2023-10-31 00853218 bus:Director1 2022-11-01 2023-10-31 00853218 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 00853218 core:FurnitureFittings 2022-11-01 2023-10-31 00853218 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 00853218 core:MotorVehicles 2022-11-01 2023-10-31 00853218 core:PlantMachinery 2022-11-01 2023-10-31 00853218 countries:AllCountries 2022-11-01 2023-10-31 00853218 2022-10-31 00853218 core:FurnitureFittingsToolsEquipment 2022-10-31 00853218 core:MotorVehicles 2022-10-31 00853218 2021-11-01 2022-10-31 00853218 2022-10-31 00853218 core:RetainedEarningsAccumulatedLosses 2022-10-31 00853218 core:ShareCapital 2022-10-31 00853218 core:CurrentFinancialInstruments 2022-10-31 00853218 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 00853218 core:FurnitureFittingsToolsEquipment 2022-10-31 00853218 core:MotorVehicles 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 00853218

Clark's Motor Services (Rednal) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Clark's Motor Services (Rednal) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Clark's Motor Services (Rednal) Limited

Company Information

Directors

Mr C M A Clark

Mr D J Clark

Company secretary

Mr D J Clark

Registered office

20 The Conference Centre
Silver Birches Business Park
Aston Road
Bromsgrove
Worcestershire
B60 3EU

Accountants

Ballards LLP
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Clark's Motor Services (Rednal) Limited

(Registration number: 00853218)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

76

Current assets

 

Debtors

5

8,424

5,428

Cash at bank and in hand

 

4,142

14,282

 

12,566

19,710

Creditors: Amounts falling due within one year

6

(526,197)

(504,764)

Net current liabilities

 

(513,631)

(485,054)

Net liabilities

 

(513,631)

(484,978)

Capital and reserves

 

Called up share capital

225,000

225,000

Retained earnings

(738,631)

(709,978)

Shareholders' deficit

 

(513,631)

(484,978)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 March 2024 and signed on its behalf by:
 

.........................................
Mr C M A Clark
Director

   
 

Clark's Motor Services (Rednal) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The address of its registered office is:
20 The Conference Centre
Silver Birches Business Park
Aston Road
Bromsgrove
Worcestershire
B60 3EU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Clark's Motor Services (Rednal) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Motor vehicles

25% straight line

Fixtures and fittings

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Clark's Motor Services (Rednal) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

72,376

10,076

82,452

At 31 October 2023

72,376

10,076

82,452

Depreciation

At 1 November 2022

72,376

10,000

82,376

Charge for the year

-

76

76

At 31 October 2023

72,376

10,076

82,452

Carrying amount

At 31 October 2023

-

-

-

At 31 October 2022

-

76

76

5

Debtors

2023
£

2022
£

Trade debtors

369

-

Prepayments

6,735

1,676

Other debtors

1,320

3,752

 

8,424

5,428

6

Creditors

2023
£

2022
£

Due within one year

Trade creditors

18,239

7,895

Amounts owed to related parties

505,368

494,861

Taxation and social security

140

8

Other creditors

2,450

2,000

526,197

504,764