IRIS Accounts Production v24.1.9.2 07432840 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074328402022-11-30074328402023-11-30074328402022-12-012023-11-30074328402021-11-30074328402021-12-012022-11-30074328402022-11-3007432840ns15:EnglandWales2022-12-012023-11-3007432840ns14:PoundSterling2022-12-012023-11-3007432840ns10:Director12022-12-012023-11-3007432840ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007432840ns10:SmallEntities2022-12-012023-11-3007432840ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007432840ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007432840ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007432840ns10:FullAccounts2022-12-012023-11-3007432840ns10:OrdinaryShareClass12022-12-012023-11-3007432840ns10:Director22022-12-012023-11-3007432840ns10:RegisteredOffice2022-12-012023-11-3007432840ns5:CurrentFinancialInstruments2023-11-3007432840ns5:CurrentFinancialInstruments2022-11-3007432840ns5:Non-currentFinancialInstruments2023-11-3007432840ns5:Non-currentFinancialInstruments2022-11-3007432840ns5:ShareCapital2023-11-3007432840ns5:ShareCapital2022-11-3007432840ns5:RetainedEarningsAccumulatedLosses2023-11-3007432840ns5:RetainedEarningsAccumulatedLosses2022-11-3007432840ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-012023-11-3007432840ns5:PlantMachinery2022-12-012023-11-3007432840ns5:MotorVehicles2022-12-012023-11-3007432840ns5:LongLeaseholdAssetsns5:LandBuildings2022-11-3007432840ns5:PlantMachinery2022-11-3007432840ns5:MotorVehicles2022-11-3007432840ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-3007432840ns5:PlantMachinery2023-11-3007432840ns5:MotorVehicles2023-11-3007432840ns5:LongLeaseholdAssetsns5:LandBuildings2022-11-3007432840ns5:PlantMachinery2022-11-3007432840ns5:MotorVehicles2022-11-3007432840ns5:DeferredTaxation2022-11-3007432840ns5:DeferredTaxation2022-12-012023-11-3007432840ns5:DeferredTaxation2023-11-3007432840ns10:OrdinaryShareClass12023-11-3007432840ns5:RetainedEarningsAccumulatedLosses2022-11-3007432840ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 07432840 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

IAN CLARKE ENGINEERING SOLUTIONS LIMITED

IAN CLARKE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 07432840)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IAN CLARKE ENGINEERING SOLUTIONS LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTORS: J A Clarke
I D Clarke





REGISTERED OFFICE: 4 Office Village
Hampton
Peterborough
Forder Way
PE7 8GX





REGISTERED NUMBER: 07432840 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

IAN CLARKE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 07432840)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,209 143,067

CURRENT ASSETS
Stocks 5 4,821 5,856
Debtors 6 162 761
Cash at bank 506 3,980
5,489 10,597
CREDITORS
Amounts falling due within one year 7 69,599 83,431
NET CURRENT LIABILITIES (64,110 ) (72,834 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,099 70,233

CREDITORS
Amounts falling due after more than one
year

8

-

(11,635

)

PROVISIONS FOR LIABILITIES 9 (29,577 ) (29,535 )
NET ASSETS 27,522 29,063

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 27,422 28,963
SHAREHOLDERS' FUNDS 27,522 29,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

IAN CLARKE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 07432840)

BALANCE SHEET - continued
30 November 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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





I D Clarke - Director


IAN CLARKE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 07432840)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

Ian Clarke Engineering Solutions 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 15% on reducing balance
Plant and machinery - 33% on cost, 15% on cost and 10% on reducing balance
Motor vehicles - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset

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 holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


IAN CLARKE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 07432840)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


2. 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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. 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.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

IAN CLARKE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 07432840)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 2,496 310,440 53,528 366,464
Disposals - - (52,961 ) (52,961 )
At 30 November 2023 2,496 310,440 567 313,503
DEPRECIATION
At 1 December 2022 1,797 176,378 45,222 223,397
Charge for year 104 13,532 28 13,664
Eliminated on disposal - - (44,767 ) (44,767 )
At 30 November 2023 1,901 189,910 483 192,294
NET BOOK VALUE
At 30 November 2023 595 120,530 84 121,209
At 30 November 2022 699 134,062 8,306 143,067

5. STOCKS
2023 2022
£    £   
Stocks 4,821 5,856

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162 761

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 12,605
Payments on account 45,028 45,028
Trade creditors 5,627 2,720
Corporation tax - 2,221
Social security and other taxes 1,425 1,488
VAT 4,947 4,315
Other creditors 6,458 8,958
Directors' loan accounts 3,714 3,666
Accruals and deferred income 2,400 2,430
69,599 83,431

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 11,635

IAN CLARKE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 07432840)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 29,577 29,535

Deferred
tax
£   
Balance at 1 December 2022 29,535
Utilised during year 42
Balance at 30 November 2023 29,577

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 December 2022 28,963
Profit for the year 126
Dividends (1,667 )
At 30 November 2023 27,422

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the Directors, I and J Clarke £3,714 (2022 :£3,666). There are no terms relating to the payment of interest and the loan is repayable upon demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is I D Clarke.