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REGISTERED NUMBER: 00525937 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Clark Transport Limited

Clark Transport Limited (Registered number: 00525937)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Clark Transport Limited

Company Information
for the Year Ended 31 December 2023







Directors: P A Clark
K Clark





Registered office: Wandsworth Way
Widnes
Cheshire
WA8 0GX





Registered number: 00525937 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Clark Transport Limited (Registered number: 00525937)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,127,298 2,186,749

Current assets
Stocks 17,485 5,925
Debtors 5 1,392,974 916,407
Cash at bank and in hand 373,483 249,039
1,783,942 1,171,371
Creditors
Amounts falling due within one year 6 503,044 463,554
Net current assets 1,280,898 707,817
Total assets less current liabilities 3,408,196 2,894,566

Creditors
Amounts falling due after more than
one year

7

(246,667

)

(174,460

)

Provisions for liabilities 9 (191,334 ) (120,219 )
Net assets 2,970,195 2,599,887

Capital and reserves
Called up share capital 456 456
Retained earnings 2,969,739 2,599,431
Shareholders' funds 2,970,195 2,599,887

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.

Clark Transport Limited (Registered number: 00525937)

Statement of Financial Position - 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





P A Clark - Director


Clark Transport Limited (Registered number: 00525937)

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

1. Statutory information

Clark Transport 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 - 2% on cost
Plant and machinery - Between 10% and 20% on cost
Fixtures, fittings & equipment - 20% on cost
Motor vehicles - 20% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.


Clark Transport Limited (Registered number: 00525937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under hire purchase contracts and finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum payments, which is determined at the inception of the term. Any initial direct costs are added to the amount recognised as an asset.

Payments are apportioned between the finance charges and reduction of the outstanding liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3. Employees and directors

The average number of employees during the year was 41 (2022 - 47 ) .

Clark Transport Limited (Registered number: 00525937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. Tangible fixed assets
Fixtures,
Freehold Plant and fittings Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
Cost
At 1 January 2023 1,362,996 1,108,808 15,907 346,877 2,834,588
Additions - 51,154 - 46,525 97,679
Disposals - (27,848 ) - - (27,848 )
At 31 December 2023 1,362,996 1,132,114 15,907 393,402 2,904,419
Depreciation
At 1 January 2023 204,335 184,450 15,053 244,001 647,839
Charge for year 15,325 111,712 213 29,880 157,130
Eliminated on disposal - (27,848 ) - - (27,848 )
At 31 December 2023 219,660 268,314 15,266 273,881 777,121
Net book value
At 31 December 2023 1,143,336 863,800 641 119,521 2,127,298
At 31 December 2022 1,158,661 924,358 854 102,876 2,186,749

5. Debtors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade debtors 1,067,474 454,356
Other debtors 325,500 462,051
1,392,974 916,407

6. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Hire purchase contracts 80,000 73,333
Trade creditors 48,792 26,536
Taxation and social security 179,466 103,767
Other creditors 194,786 259,918
503,044 463,554

7. Creditors: amounts falling due after more than one year
31/12/23 31/12/22
£    £   
Hire purchase contracts 246,667 174,460

Clark Transport Limited (Registered number: 00525937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. Secured debts

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts 326,667 247,793

Debts under hire purchase contracts are secured on the underlying asset.

9. Provisions for liabilities
31/12/23 31/12/22
£    £   
Deferred tax
Accelerated capital allowances 245,991 257,022
Tax losses carried forward (54,657 ) (136,803 )
191,334 120,219

Deferred
tax
£   
Balance at 1 January 2023 120,219
Charge to Statement of Income and Retained Earnings
during year

71,115
Balance at 31 December 2023 191,334