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REGISTERED NUMBER: 08422837 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CLARK & SON (LONG MELFORD) LIMITED

CLARK & SON (LONG MELFORD) LIMITED (REGISTERED NUMBER: 08422837)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARK & SON (LONG MELFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J Clark





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 08422837 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

CLARK & SON (LONG MELFORD) LIMITED (REGISTERED NUMBER: 08422837)

BALANCE SHEET
31 MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
62,077 Tangible assets 4 39,249

CURRENT ASSETS
7,000 Stocks 7,000
314,536 Debtors 5 361,308
73,823 Cash at bank and in hand 59,343
395,359 427,651
CREDITORS
361,411 Amounts falling due within one year 6 399,923
33,948 NET CURRENT ASSETS 27,728
96,025 TOTAL ASSETS LESS CURRENT
LIABILITIES

66,977

CREDITORS
(72,222 ) Amounts falling due after more than one
year

7

(56,709

)

(7,785 ) PROVISIONS FOR LIABILITIES (6,357 )
16,018 NET ASSETS 3,911

CAPITAL AND RESERVES
120 Called up share capital 120
15,898 Retained earnings 3,791
16,018 SHAREHOLDERS' FUNDS 3,911

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 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.

CLARK & SON (LONG MELFORD) LIMITED (REGISTERED NUMBER: 08422837)

BALANCE SHEET - 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 director and authorised for issue on 15 March 2024 and were signed by:





J Clark - Director


CLARK & SON (LONG MELFORD) LIMITED (REGISTERED NUMBER: 08422837)

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

1. STATUTORY INFORMATION

Clark & Son (Long Melford) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the amount of sales invoiced during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


CLARK & SON (LONG MELFORD) LIMITED (REGISTERED NUMBER: 08422837)

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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
Totals property machinery vehicles equipment
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 106,298 30,685 49,209 23,900 2,504
DEPRECIATION
At 1 April 2022 44,221 12,274 23,085 7,255 1,607
Charge for year 22,828 6,137 12,304 4,162 225
At 31 March 2023 67,049 18,411 35,389 11,417 1,832
NET BOOK VALUE
At 31 March 2023 39,249 12,274 13,820 12,483 672
At 31 March 2022 62,077 18,411 26,124 16,645 897

As at 1 April 2020 certain assets were revalued . The surplus on revaluation was transferred to non-distributable reserves via the profit and loss account.

The revalued amounts have been treated as the base cost for those assets and depreciation applied in line with the accounting policies.

CLARK & SON (LONG MELFORD) LIMITED (REGISTERED NUMBER: 08422837)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 214,165 257,745
Amounts owed by associates 46,000 -
Other debtors 101,143 56,791
361,308 314,536

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 15,513 15,258
Trade creditors 288,559 272,676
Taxation and social security 88,356 66,597
Other creditors 7,495 6,880
399,923 361,411

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 56,709 72,222

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 12,037 17,593