IRIS Accounts Production v23.4.0.336 01168477 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011684772022-08-31011684772023-08-31011684772022-09-012023-08-31011684772021-08-31011684772021-09-012022-08-31011684772022-08-3101168477ns15:EnglandWales2022-09-012023-08-3101168477ns14:PoundSterling2022-09-012023-08-3101168477ns10:Director12022-09-012023-08-3101168477ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3101168477ns10:SmallEntities2022-09-012023-08-3101168477ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3101168477ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3101168477ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3101168477ns10:FullAccounts2022-09-012023-08-310116847712022-09-012023-08-3101168477ns10:Director22022-09-012023-08-3101168477ns10:Director32022-09-012023-08-3101168477ns10:Director42022-09-012023-08-3101168477ns10:CompanySecretary12022-09-012023-08-3101168477ns10:RegisteredOffice2022-09-012023-08-3101168477ns5:CurrentFinancialInstruments2023-08-3101168477ns5:CurrentFinancialInstruments2022-08-3101168477ns5:ShareCapital2023-08-3101168477ns5:ShareCapital2022-08-3101168477ns5:SharePremium2023-08-3101168477ns5:SharePremium2022-08-3101168477ns5:RetainedEarningsAccumulatedLosses2023-08-3101168477ns5:RetainedEarningsAccumulatedLosses2022-08-3101168477ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3101168477ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-09-012023-08-3101168477ns5:PlantMachinery2022-09-012023-08-3101168477ns5:MotorVehicles2022-09-012023-08-3101168477ns5:NetGoodwill2022-08-3101168477ns5:NetGoodwill2023-08-3101168477ns5:NetGoodwill2022-08-3101168477ns5:LandBuildings2022-08-3101168477ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3101168477ns5:PlantMachinery2022-08-3101168477ns5:MotorVehicles2022-08-3101168477ns5:LandBuildings2022-09-012023-08-3101168477ns5:ShortLeaseholdAssetsns5:LandBuildings2022-09-012023-08-3101168477ns5:LandBuildings2023-08-3101168477ns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-3101168477ns5:PlantMachinery2023-08-3101168477ns5:MotorVehicles2023-08-3101168477ns5:LandBuildings2022-08-3101168477ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3101168477ns5:PlantMachinery2022-08-3101168477ns5:MotorVehicles2022-08-3101168477ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3101168477ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3101168477ns5:WithinOneYear2023-08-3101168477ns5:WithinOneYear2022-08-3101168477ns5:BetweenOneFiveYears2023-08-3101168477ns5:BetweenOneFiveYears2022-08-3101168477ns5:AllPeriods2023-08-3101168477ns5:AllPeriods2022-08-31
REGISTERED NUMBER: 01168477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

KEN CLARKE LIMITED
TRADING AS
OSSETT TYRE HOUSE

KEN CLARKE LIMITED (REGISTERED NUMBER: 01168477)
TRADING AS OSSETT TYRE HOUSE






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEN CLARKE LIMITED
TRADING AS OSSETT TYRE HOUSE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr K Clarke
Mrs J Clarke
Mr S K Clarke
Mr J Clarke





SECRETARY: Mrs J Clarke





REGISTERED OFFICE: Bank Street
Ossett
West Yorkshire
WF5 8PR





REGISTERED NUMBER: 01168477 (England and Wales)





ACCOUNTANTS: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

KEN CLARKE LIMITED (REGISTERED NUMBER: 01168477)
TRADING AS OSSETT TYRE HOUSE

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 143,678 69,393
143,678 69,393

CURRENT ASSETS
Stocks 108,000 102,000
Debtors 6 789,802 728,193
Investments 7 100,021 -
Cash at bank and in hand 709,823 807,666
1,707,646 1,637,859
CREDITORS
Amounts falling due within one year 8 742,813 671,688
NET CURRENT ASSETS 964,833 966,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,511

1,035,564

PROVISIONS FOR LIABILITIES 25,323 13,185
NET ASSETS 1,083,188 1,022,379

CAPITAL AND RESERVES
Called up share capital 30,808 30,808
Share premium 144,556 144,556
Retained earnings 907,824 847,015
SHAREHOLDERS' FUNDS 1,083,188 1,022,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 1 March 2024 and were signed on its behalf by:




Mr S K Clarke - Director


KEN CLARKE LIMITED (REGISTERED NUMBER: 01168477)
TRADING AS OSSETT TYRE HOUSE

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

1. STATUTORY INFORMATION

Ken 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.

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.

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 - 6.66% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 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.

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.

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 19 (2022 - 19 ) .

KEN CLARKE LIMITED (REGISTERED NUMBER: 01168477)
TRADING AS OSSETT TYRE HOUSE

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 94,010
AMORTISATION
At 1 September 2022
and 31 August 2023 94,010
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 77,276 75,876 261,846 74,336 489,334
Additions - - 25,340 67,950 93,290
At 31 August 2023 77,276 75,876 287,186 142,286 582,624
DEPRECIATION
At 1 September 2022 77,276 75,876 229,748 37,041 419,941
Charge for year - - 6,449 12,556 19,005
At 31 August 2023 77,276 75,876 236,197 49,597 438,946
NET BOOK VALUE
At 31 August 2023 - - 50,989 92,689 143,678
At 31 August 2022 - - 32,098 37,295 69,393

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 360,824 278,005
Other debtors 428,978 450,188
789,802 728,193

7. CURRENT ASSET INVESTMENTS
31.8.23 31.8.22
£    £   
Listed investments 100,021 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 477,872 341,219
Taxation and social security 50,534 61,436
Other creditors 214,407 269,033
742,813 671,688

KEN CLARKE LIMITED (REGISTERED NUMBER: 01168477)
TRADING AS OSSETT TYRE HOUSE

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 3,221 -
Between one and five years 12,382 28,730
15,603 28,730