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REGISTERED NUMBER: 05700930 (England and Wales)















CLARKS OF IBSTOCK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CLARKS OF IBSTOCK LIMITED (REGISTERED NUMBER: 05700930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARKS OF IBSTOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T B Clark





SECRETARY: G S Clark





REGISTERED OFFICE: 2 Maple Drive
Ibstock
Leicestershire
LE67 6PY





BUSINESS ADDRESS: 14 Market Place
Ashbourne
Derbyshire
DE6 1ES





REGISTERED NUMBER: 05700930 (England and Wales)

CLARKS OF IBSTOCK LIMITED (REGISTERED NUMBER: 05700930)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 9,925 12,516
9,926 12,517

CURRENT ASSETS
Debtors 6 3,890 2,620
Cash at bank and in hand 11,709 16,027
15,599 18,647
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

67,716

67,168
NET CURRENT LIABILITIES (52,117 ) (48,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,191

)

(36,004

)

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

12,358

21,566
NET LIABILITIES (54,549 ) (57,570 )

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings (54,551 ) (57,572 )
SHAREHOLDERS' FUNDS (54,549 ) (57,570 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CLARKS OF IBSTOCK LIMITED (REGISTERED NUMBER: 05700930)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 12 September 2024 and were signed by:





T B Clark - Director


CLARKS OF IBSTOCK LIMITED (REGISTERED NUMBER: 05700930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Clarks Of Ibstock 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Employee benefit
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

CLARKS OF IBSTOCK LIMITED (REGISTERED NUMBER: 05700930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 43,334
AMORTISATION
At 1 April 2023
and 31 March 2024 43,333
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,136 24,828 12,596 4,957 46,517
DEPRECIATION
At 1 April 2023 2,941 16,738 9,731 4,591 34,001
Charge for year 299 1,220 717 355 2,591
At 31 March 2024 3,240 17,958 10,448 4,946 36,592
NET BOOK VALUE
At 31 March 2024 896 6,870 2,148 11 9,925
At 31 March 2023 1,195 8,090 2,865 366 12,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,890 2,620

CLARKS OF IBSTOCK LIMITED (REGISTERED NUMBER: 05700930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,085 8,739
Taxation and social security 1,264 1,179
Other creditors 57,367 57,250
67,716 67,168

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,358 21,566

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 16,800 16,800

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loans 13,860 19,222

The bank loan is secured by way of personal guarantees given by the director.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. CONTROL

The controlling party is T B Clark.