Clark & Partners Limited 00766793 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Mobility and Age care Specialists Digita Accounts Production Advanced 6.30.9574.0 true 00766793 2023-01-01 2023-12-31 00766793 2023-12-31 00766793 bus:OrdinaryShareClass1 2023-12-31 00766793 core:CapitalRedemptionReserve 2023-12-31 00766793 core:RetainedEarningsAccumulatedLosses 2023-12-31 00766793 core:ShareCapital 2023-12-31 00766793 core:SharePremium 2023-12-31 00766793 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-12-31 00766793 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-12-31 00766793 core:CurrentFinancialInstruments 2023-12-31 00766793 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00766793 core:Non-currentFinancialInstruments 2023-12-31 00766793 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 00766793 core:FurnitureFittingsToolsEquipment 2023-12-31 00766793 core:MotorVehicles 2023-12-31 00766793 core:OtherPropertyPlantEquipment 2023-12-31 00766793 bus:SmallEntities 2023-01-01 2023-12-31 00766793 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00766793 bus:FullAccounts 2023-01-01 2023-12-31 00766793 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00766793 bus:RegisteredOffice 2023-01-01 2023-12-31 00766793 bus:Director1 2023-01-01 2023-12-31 00766793 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 00766793 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00766793 core:FurnitureFittings 2023-01-01 2023-12-31 00766793 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 00766793 core:LeaseholdImprovements 2023-01-01 2023-12-31 00766793 core:MotorVehicles 2023-01-01 2023-12-31 00766793 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 00766793 countries:England 2023-01-01 2023-12-31 00766793 2022-12-31 00766793 core:FurnitureFittingsToolsEquipment 2022-12-31 00766793 core:MotorVehicles 2022-12-31 00766793 core:OtherPropertyPlantEquipment 2022-12-31 00766793 2022-01-01 2022-12-31 00766793 2022-12-31 00766793 bus:OrdinaryShareClass1 2022-12-31 00766793 core:CapitalRedemptionReserve 2022-12-31 00766793 core:RetainedEarningsAccumulatedLosses 2022-12-31 00766793 core:ShareCapital 2022-12-31 00766793 core:SharePremium 2022-12-31 00766793 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-12-31 00766793 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-12-31 00766793 core:CurrentFinancialInstruments 2022-12-31 00766793 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 00766793 core:Non-currentFinancialInstruments 2022-12-31 00766793 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 00766793 core:FurnitureFittingsToolsEquipment 2022-12-31 00766793 core:MotorVehicles 2022-12-31 00766793 core:OtherPropertyPlantEquipment 2022-12-31 00766793 1 2022-12-31 00766793 1 2022-01-01 2022-12-31 00766793 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00766793

Clark & Partners Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Clark & Partners Limited

(Registration number: 00766793)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

220,254

111,270

Current assets

 

Stocks

277,500

278,090

Debtors

5

289,975

352,641

Cash at bank and in hand

 

638,054

712,560

 

1,205,529

1,343,291

Creditors: Amounts falling due within one year

6

(779,555)

(721,309)

Net current assets

 

425,974

621,982

Total assets less current liabilities

 

646,228

733,252

Creditors: Amounts falling due after more than one year

6

(25,027)

(30,000)

Net assets

 

621,201

703,252

Capital and reserves

 

Called up share capital

8

91

91

Share premium reserve

7,995

7,995

Capital redemption reserve

14

14

Retained earnings

613,101

695,152

Shareholders' funds

 

621,201

703,252

 

Clark & Partners Limited

(Registration number: 00766793)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 April 2024 and signed on its behalf by:
 


Mr P J Bennett
Director

   
 

Clark & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
27a Orgreave Drive
Sheffield
South Yorkshire
S13 9NR

Registration number: 00766793

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Turnover in relation to service contracts is recognised over the life of the contract on a contract by contract basis.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Clark & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

2% and 10% on cost

Furniture, fittings & equipment

10% on reducing balance

Motor vehicles

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less a provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

 

Clark & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined benefit pension obligation

Contributions were made in the previous year to a defined benefit pension scheme relating to ex-employees. As the assets and liabilities of this scheme are held separately from the company, the contribution was expensed to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 40 (2022 - 44).

 

Clark & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Improvements to property £

Total
£

Cost or valuation

At 1 January 2023

76,833

363,485

24,418

464,736

Additions

15,809

110,949

44,716

171,474

Disposals

(507)

(91,985)

-

(92,492)

At 31 December 2023

92,135

382,449

69,134

543,718

Depreciation

At 1 January 2023

35,178

314,950

3,338

353,466

Charge for the year

4,290

28,864

2,524

35,678

Eliminated on disposal

(442)

(65,238)

-

(65,680)

At 31 December 2023

39,026

278,576

5,862

323,464

Carrying amount

At 31 December 2023

53,109

103,873

63,272

220,254

At 31 December 2022

41,655

48,535

21,080

111,270

5

Debtors

2023
£

2022
£

Trade debtors

204,780

285,569

Prepayments

37,143

41,254

Other debtors

48,052

25,818

 

289,975

352,641

 

Clark & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

22,888

10,000

Trade payables

 

327,275

266,864

Social security and other taxes

 

21,009

19,661

Other payables

 

408,383

424,784

 

779,555

721,309

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

25,027

30,000

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Hire purchase contracts

12,888

-

22,888

10,000

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

20,000

30,000

Hire purchase contracts

5,027

-

25,027

30,000

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £0.17 each

543

91

543

91

         
 

Clark & Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Related party transactions

2022

At 1 January 2022
£

Repayments by director
£

At 31 December 2022
£

Advances to the director

8,000

(8,000)

-

       
     

 

During 2022 an interest free loan was repaid by a director.