Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31maintenance and repair of motor vehicles2023-04-01falsetrue11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4706904 2023-04-01 2024-03-31 4706904 2022-04-01 2023-03-31 4706904 2024-03-31 4706904 2023-03-31 4706904 c:Director1 2023-04-01 2024-03-31 4706904 d:Goodwill 2023-04-01 2024-03-31 4706904 d:CurrentFinancialInstruments 2024-03-31 4706904 d:CurrentFinancialInstruments 2023-03-31 4706904 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 4706904 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 4706904 d:ShareCapital 2024-03-31 4706904 d:ShareCapital 2023-03-31 4706904 d:RetainedEarningsAccumulatedLosses 2024-03-31 4706904 d:RetainedEarningsAccumulatedLosses 2023-03-31 4706904 c:FRS102 2023-04-01 2024-03-31 4706904 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 4706904 c:FullAccounts 2023-04-01 2024-03-31 4706904 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4706904 2 2023-04-01 2024-03-31 4706904 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 4706904










G.F.CLARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
G.F.CLARK LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF G.F.CLARK LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G.F.Clark Limited for the year ended 31 March 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of G.F.Clark Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of G.F.Clark Limited and state those matters that we have agreed to state to the director of G.F.Clark Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G.F.Clark Limited and its director for our work or for this report. 

It is your duty to ensure that G.F.Clark Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G.F.Clark Limited. You consider that G.F.Clark Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of G.F.Clark Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
9 August 2024
Page 1

 
G.F.CLARK LIMITED
REGISTERED NUMBER: 4706904

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,494
2,869

Cash at bank and in hand
  
7,150
4,216

  
9,644
7,085

Creditors: amounts falling due within one year
 5 
(10,342)
(9,629)

Net current liabilities
  
 
 
(698)
 
 
(2,544)

Total assets less current liabilities
  
(698)
(2,544)

  

Net liabilities
  
(698)
(2,544)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(699)
(2,545)

  
(698)
(2,544)


Page 2

 
G.F.CLARK LIMITED
REGISTERED NUMBER: 4706904
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2024.





G F Clark
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
G.F.CLARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentational currency of the Company is GBP.
At 31st March 2024, the company had liabilities of £698.  The company is reliant on the support of the Director.  It is the intention of the Director to support the company and therefore these accounts have been prepared on a going concern basis.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Page 4

 
G.F.CLARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 4706904
Its Registered Office is: 
49 Grays Lane
Hitchin
Herts
SG5 2HH

Page 5

 
G.F.CLARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

2024
2023
£
£

Wages and salaries
5,000
5,200

5,000
5,200


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
G.F.CLARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
396
585

Other debtors
41
408

Prepayments and accrued income
2,057
1,876

2,494
2,869



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
434
-

Other creditors
8,438
8,159

Accruals and deferred income
1,470
1,470

10,342
9,629



6.


Related party transactions

The amount due to the director Mr G F Clark and included in other creditors at the reporting date was £8,438; (2023: £8,159). The loan does not attract a rate of interest and is repayable on demand.

 
Page 7