IRIS Accounts Production v23.4.0.336 05644635 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary Shares 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056446352022-03-31056446352023-03-31056446352022-04-012023-03-31056446352021-03-31056446352021-04-012022-03-31056446352022-03-3105644635ns15:EnglandWales2022-04-012023-03-3105644635ns14:PoundSterling2022-04-012023-03-3105644635ns10:Director12022-04-012023-03-3105644635ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105644635ns10:SmallEntities2022-04-012023-03-3105644635ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105644635ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105644635ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105644635ns10:FullAccounts2022-04-012023-03-310564463512022-04-012023-03-3105644635ns10:OrdinaryShareClass12022-04-012023-03-3105644635ns10:OrdinaryShareClass22022-04-012023-03-3105644635ns10:OrdinaryShareClass32022-04-012023-03-3105644635ns10:OrdinaryShareClass42022-04-012023-03-3105644635ns10:OrdinaryShareClass52022-04-012023-03-3105644635ns10:Director22022-04-012023-03-3105644635ns10:Director32022-04-012023-03-3105644635ns10:Director42022-04-012023-03-3105644635ns10:RegisteredOffice2022-04-012023-03-3105644635ns5:CurrentFinancialInstruments2023-03-3105644635ns5:CurrentFinancialInstruments2022-03-3105644635ns5:Non-currentFinancialInstruments2023-03-3105644635ns5:Non-currentFinancialInstruments2022-03-3105644635ns5:ShareCapital2023-03-3105644635ns5:ShareCapital2022-03-3105644635ns5:SharePremium2023-03-3105644635ns5:SharePremium2022-03-3105644635ns5:RetainedEarningsAccumulatedLosses2023-03-3105644635ns5:RetainedEarningsAccumulatedLosses2022-03-3105644635ns5:NetGoodwill2022-04-012023-03-3105644635ns5:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105644635ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-04-012023-03-3105644635ns5:FurnitureFittings2022-04-012023-03-3105644635ns5:ComputerEquipment2022-04-012023-03-3105644635ns5:NetGoodwill2022-03-3105644635ns5:IntangibleAssetsOtherThanGoodwill2022-03-3105644635ns5:NetGoodwill2023-03-3105644635ns5:IntangibleAssetsOtherThanGoodwill2023-03-3105644635ns5:NetGoodwill2022-03-3105644635ns5:IntangibleAssetsOtherThanGoodwill2022-03-3105644635ns5:PlantMachinery2022-03-3105644635ns5:PlantMachinery2022-04-012023-03-3105644635ns5:PlantMachinery2023-03-3105644635ns5:PlantMachinery2022-03-3105644635ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105644635ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105644635ns10:OrdinaryShareClass12023-03-3105644635ns10:OrdinaryShareClass22023-03-3105644635ns10:OrdinaryShareClass32023-03-3105644635ns10:OrdinaryShareClass42023-03-3105644635ns10:OrdinaryShareClass52023-03-31
REGISTERED NUMBER: 05644635 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FARNELL CLARKE LIMITED

FARNELL CLARKE LIMITED (REGISTERED NUMBER: 05644635)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FARNELL CLARKE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: W S Farnell FCCA
F Kay FCCA
J C Kay
L Kingston





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 05644635 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

FARNELL CLARKE LIMITED (REGISTERED NUMBER: 05644635)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 891,569 937,292
Tangible assets 5 78,462 88,488
970,031 1,025,780

CURRENT ASSETS
Stocks - 173,300
Debtors 6 1,041,607 377,297
Prepayments and accrued income 83,117 102,181
Cash at bank 14,103 36,845
1,138,827 689,623
CREDITORS
Amounts falling due within one year 7 944,134 822,998
NET CURRENT ASSETS/(LIABILITIES) 194,693 (133,375 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,164,724 892,405

CREDITORS
Amounts falling due after more than one
year

8

1,106,737

770,894
NET ASSETS 57,987 121,511

CAPITAL AND RESERVES
Called up share capital 9 2,106 2,106
Share premium 110,794 110,794
Retained earnings (54,913 ) 8,611
SHAREHOLDERS' FUNDS 57,987 121,511

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.

FARNELL CLARKE LIMITED (REGISTERED NUMBER: 05644635)

STATEMENT OF FINANCIAL POSITION - 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 15 December 2023 and were signed on its behalf by:





W S Farnell FCCA - Director


FARNELL CLARKE LIMITED (REGISTERED NUMBER: 05644635)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Farnell Clarke 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 2019, 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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


FARNELL CLARKE LIMITED (REGISTERED NUMBER: 05644635)

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 statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2022 - 64 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,022,314 31,178 1,053,492
AMORTISATION
At 1 April 2022 87,727 28,473 116,200
Charge for year 50,514 (4,791 ) 45,723
At 31 March 2023 138,241 23,682 161,923
NET BOOK VALUE
At 31 March 2023 884,073 7,496 891,569
At 31 March 2022 934,587 2,705 937,292

FARNELL CLARKE LIMITED (REGISTERED NUMBER: 05644635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 287,168
Additions 49,273
At 31 March 2023 336,441
DEPRECIATION
At 1 April 2022 243,135
Charge for year 14,844
At 31 March 2023 257,979
NET BOOK VALUE
At 31 March 2023 78,462
At 31 March 2022 44,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 153,362 123,383
Amounts owed by group undertakings 570,899 253,974
Other debtors 317,346 (60 )
1,041,607 377,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 112,490 99,185
Trade creditors 162,461 157,544
Amounts owed to group undertakings 123,444 101,155
Taxation and social security 245,244 316,743
Other creditors 300,495 148,371
944,134 822,998

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 742,468 445,182
Taxation and social security 158,957 189,000
Other creditors 205,312 136,712
1,106,737 770,894

FARNELL CLARKE LIMITED (REGISTERED NUMBER: 05644635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
542 Ordinary Shares £1 820 820
(2022 - 820 )
160 Ordinary B £1 160 160
500 Ordinary C £1 500 500
659 Ordinary D £1 520 520
245 Ordinary E £1 106 106
2,106 2,106

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date loans had been made to the company by the directors in the amounts of James Kay £23,101 (2022 £20,251) and Will Farnell £12,144 (2022 £21,987). These loans are interest free and have no fixed repayment terms.

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company had made a loan of £181,661 (2019 £157,603) to Farnell Shawyer Ltd and a further loan of £72,313 (2021 £Nil) to JF Kay Limited. Both companies being under the respective control of directors of Farnell Clarke Limited.

The ultimate controlling party is W S Farnell FCCA.