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REGISTERED NUMBER: 05860943 (England and Wales)












Financial Statements

for the Year Ended 30 June 2023

for

Clarke & Edwards Limited

Clarke & Edwards Limited (Registered number: 05860943)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clarke & Edwards Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: L Clarke
J Edwards





SECRETARY: L Clarke





REGISTERED OFFICE: 46/48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 05860943 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Clarke & Edwards Limited (Registered number: 05860943)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 213,387 281,582

CURRENT ASSETS
Debtors 5 45,000 45,000
Cash at bank 101,422 105,760
146,422 150,760
CREDITORS
Amounts falling due within one year 6 16,528 45,313
NET CURRENT ASSETS 129,894 105,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,281

387,029

CREDITORS
Amounts falling due after more than one
year

7

173,167

243,081
NET ASSETS 170,114 143,948

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 170,112 143,946
SHAREHOLDERS' FUNDS 170,114 143,948

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 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.

Clarke & Edwards Limited (Registered number: 05860943)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





J Edwards - Director


Clarke & Edwards Limited (Registered number: 05860943)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Clarke & Edwards 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.

The financial statements have been prepared on the assumption that the company is a going concern. The directors consider it reasonable to rely on the continuing support of the creditors and for this reason the going concern basis is believed to be appropriate and the financial statements do not contain any adjustments that might be necessary if that support were withdrawn.

Turnover
Revenue 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.
Freehold property - 2% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

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

Clarke & Edwards Limited (Registered number: 05860943)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Freehold
property
£   
COST
At 1 July 2022 378,447
Disposals (83,843 )
At 30 June 2023 294,604
DEPRECIATION
At 1 July 2022 96,865
Charge for year 5,892
Eliminated on disposal (21,540 )
At 30 June 2023 81,217
NET BOOK VALUE
At 30 June 2023 213,387
At 30 June 2022 281,582

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 45,000 45,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,272 10,272
Tax 3,512 27,417
Directors' current accounts 1,802 6,802
Accrued expenses 942 822
16,528 45,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,272 10,272
Bank loans - 2-5 years 30,816 30,816
Bank loans more 5 yrs non-inst 132,079 201,993
173,167 243,081

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 132,079 201,993

Clarke & Edwards Limited (Registered number: 05860943)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has loaned £45,000 to Firehawk Limited a company owned by the directors. The loan is interest free and has no specified term for repayment.