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REGISTERED NUMBER: 00975188 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED

J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED (REGISTERED NUMBER: 00975188)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: N P Jones
Mrs L W Jones





SECRETARY: N P Jones





REGISTERED OFFICE: 78-84 Sparkenhoe Street
Leicester
LE2 0TH





REGISTERED NUMBER: 00975188 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED (REGISTERED NUMBER: 00975188)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 169,628 172,211

CURRENT ASSETS
Stocks 6 398,500 394,000
Debtors 7 906,422 1,140,126
Cash at bank 1,221,168 698,037
2,526,090 2,232,163
CREDITORS
Amounts falling due within one year 8 664,302 618,746
NET CURRENT ASSETS 1,861,788 1,613,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,031,416

1,785,628

PROVISIONS FOR LIABILITIES 28,000 22,000
NET ASSETS 2,003,416 1,763,628

CAPITAL AND RESERVES
Called up share capital 9 6,500 6,500
Capital redemption reserve 890 890
Retained earnings 1,996,026 1,756,238
SHAREHOLDERS' FUNDS 2,003,416 1,763,628

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

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

J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED (REGISTERED NUMBER: 00975188)

BALANCE SHEET - continued
31 December 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





N P Jones - Director


J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED (REGISTERED NUMBER: 00975188)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

J. A. Clarke & Co (Plumbers Merchants) 1970 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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
Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the statement of comprehensive income in the period in which they are incurred.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their estimated useful lives as follows:-


Plant and machinery etc

-
33.33% straightline, 25% and 10% reducing
balance and 2% straightline.

Any gains and losses on the disposal of tangible fixed assets are recognised in the statement of comprehensive income in the year that the disposal takes place.

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
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset in measured at the present value of the future receipts discounted at a market rate of interest.


J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED (REGISTERED NUMBER: 00975188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED (REGISTERED NUMBER: 00975188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 39,644 178,341 225,861 46,181 490,027
Additions - - 42,941 4,828 47,769
Disposals - - (33,303 ) - (33,303 )
At 31 December 2023 39,644 178,341 235,499 51,009 504,493
DEPRECIATION
At 1 January 2023 13,923 128,971 133,550 41,372 317,816
Charge for year 793 4,937 31,099 2,669 39,498
Eliminated on disposal - - (22,449 ) - (22,449 )
At 31 December 2023 14,716 133,908 142,200 44,041 334,865
NET BOOK VALUE
At 31 December 2023 24,928 44,433 93,299 6,968 169,628
At 31 December 2022 25,721 49,370 92,311 4,809 172,211

6. STOCKS
2023 2022
£    £   
Stocks 398,500 394,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 888,860 1,122,307
Prepayments and accrued income 17,562 17,819
906,422 1,140,126

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 280,413 411,177
Tax 154,984 55,313
Social security and other taxes 118,497 55,649
Other creditors 99,641 85,840
Accruals and deferred income 10,767 10,767
664,302 618,746

J. A. CLARKE & CO (PLUMBERS MERCHANTS)
1970 LIMITED (REGISTERED NUMBER: 00975188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
6,500 Ordinary £1 6,500 6,500

10. FINANCIAL COMMITMENTS

Total amount of commitments, guarantees and contingencies is £297,417 (2022 £404,667).