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REGISTERED NUMBER: 04393278 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

W CLAPPISON LIMITED

W CLAPPISON LIMITED (REGISTERED NUMBER: 04393278)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


W CLAPPISON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J P Clappison





SECRETARY: Mrs K J Clappison





REGISTERED OFFICE: Risby Park Farm
Risby
Beverley
East Yorkshire
HU17 8SS





REGISTERED NUMBER: 04393278 (England and Wales)





ACCOUNTANTS: Bradbury & Co
Chartered Tax Advisers and Accountants
Driffield

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
W CLAPPISON LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W Clappison Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of W Clappison Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W Clappison Limited and state those matters that we have agreed to state to the director of W Clappison Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that W Clappison Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W Clappison Limited. You consider that W Clappison 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 financial statements of W Clappison 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 financial statements.






Bradbury & Co
Chartered Tax Advisers and Accountants
Driffield


Date: .............................................

W CLAPPISON LIMITED (REGISTERED NUMBER: 04393278)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,949,154 1,849,225

CURRENT ASSETS
Debtors 5 134,978 62,094
Investments 6 697,481 697,481
Cash at bank 333,041 223,765
1,165,500 983,340
CREDITORS
Amounts falling due within one year 7 (373,912 ) (208,394 )
NET CURRENT ASSETS 791,588 774,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,740,742

2,624,171

CREDITORS
Amounts falling due after more than one
year

8

(644,559

)

(511,860

)

PROVISIONS FOR LIABILITIES (198,700 ) (233,700 )
NET ASSETS 1,897,483 1,878,611

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,897,383 1,878,511
SHAREHOLDERS' FUNDS 1,897,483 1,878,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W CLAPPISON LIMITED (REGISTERED NUMBER: 04393278)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 January 2024 and were signed by:





J P Clappison - Director


W CLAPPISON LIMITED (REGISTERED NUMBER: 04393278)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

W Clappison 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 12.5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

W CLAPPISON LIMITED (REGISTERED NUMBER: 04393278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 1,102,320 2,182,214 3,284,534
Additions 345,592 4,021 349,613
Disposals - (134,675 ) (134,675 )
At 30 June 2023 1,447,912 2,051,560 3,499,472
DEPRECIATION
At 1 July 2022 135,351 1,299,958 1,435,309
Charge for year 33,823 174,865 208,688
Eliminated on disposal - (93,679 ) (93,679 )
At 30 June 2023 169,174 1,381,144 1,550,318
NET BOOK VALUE
At 30 June 2023 1,278,738 670,416 1,949,154
At 30 June 2022 966,969 882,256 1,849,225

Included in cost of land and buildings is freehold land of £ 670,498 (2022 - £ 336,928 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 503,793
Transfer to ownership (169,093 )
At 30 June 2023 334,700
DEPRECIATION
At 1 July 2022 97,389
Charge for year 50,626
Transfer to ownership (47,501 )
At 30 June 2023 100,514
NET BOOK VALUE
At 30 June 2023 234,186
At 30 June 2022 406,404

W CLAPPISON LIMITED (REGISTERED NUMBER: 04393278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 122,500 18,573
Other debtors 12,478 43,521
134,978 62,094

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
W Clappison & Sons 697,481 697,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 83,426 50,510
Hire purchase contracts 76,667 105,082
Trade creditors 153,703 36,954
Taxation and social security 39,268 (352 )
Other creditors 20,848 16,200
373,912 208,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 601,226 360,178
Hire purchase contracts 43,333 151,682
644,559 511,860

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 361,126 179,746

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 684,652 410,688
Hire purchase contracts 120,000 256,764
804,652 667,452