2023-05-01 NI038424 2024-04-30 NI038424 2023-05-01 2024-04-30 NI038424 2023-04-30 NI038424 2022-05-01 2023-04-30 NI038424 uk-core:WithinOneYear 2023-04-30 NI038424 uk-core:WithinOneYear 2024-04-30 NI038424 uk-core:AfterOneYear 2023-04-30 NI038424 uk-core:AfterOneYear 2024-04-30 NI038424 uk-core:ShareCapital 2024-04-30 NI038424 uk-core:ShareCapital 2023-04-30 NI038424 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI038424 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI038424 uk-bus:Director1 2023-05-01 2024-04-30 NI038424 uk-core:LeaseholdImprovements 2023-05-01 2024-04-30 NI038424 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI038424 uk-core:ComputerEquipment 2023-05-01 2024-04-30 NI038424 uk-core:FurnitureFittings 2023-05-01 2024-04-30 NI038424 uk-core:ComputerEquipment 2023-04-30 NI038424 uk-core:FurnitureFittings 2023-04-30 NI038424 uk-core:PlantMachinery 2023-04-30 NI038424 uk-core:LeaseholdImprovements 2023-04-30 NI038424 uk-core:PlantMachinery 2024-04-30 NI038424 uk-core:FurnitureFittings 2024-04-30 NI038424 uk-core:ComputerEquipment 2024-04-30 NI038424 uk-core:LeaseholdImprovements 2024-04-30 iso4217:GBP xbrli:pure NI038424 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI038424 uk-bus:FRS102 2023-05-01 2024-04-30 NI038424 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 NI038424 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
George Clarke Paints, Fabrics and Wallcoverings Limited
Registered Number:NI038424
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 April 2024
George Clarke Paints, Fabrics and Wallcoverings Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI038424
As at 30 April 2024
George Clarke Paints, Fabrics and Wallcoverings Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
124,673
125,842
2
124,673
125,842
Current assets
Inventories
75,181
87,350
3
Trade and other receivables
14,078
15,254
4
280,293
Cash and cash equivalents
196,487
299,091
369,552
Trade and other payables: amounts falling due within one
year
(94,417)
(89,222)
5
275,135
209,869
Net current assets
Total assets less current liabilities
334,542
400,977
Trade and other payables: amounts falling due after more
than one year
(20,000)
-
6
(818)
(1,024)
Provisions for liabilities
333,724
Net assets
379,953
Capital and reserves
Called up share capital
4,120
4,120
Retained earnings
329,604
375,833
333,724
379,953
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr James Clarke Director
These financial statements were approved and authorised for issue by the Board on 18 September 2024 and were signed by:
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4
Registered Number :
NI038424
For the year ended 30 April 2024
George Clarke Paints, Fabrics and Wallcoverings Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 April 2024
George Clarke Paints, Fabrics and Wallcoverings Limited
Notes to the Financial Statements
Statutory Information
George Clarke Paints, Fabrics and Wallcoverings Limited is a private limited company, limited by shares, domiciled in
Northern Ireland, registration number NI038424.
Principal place of business:
37 Scotch Street
Armagh
BT61 7BY
Registered address:
22 Edenaveys Road
Armagh
BT60 1HS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0%
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
20% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 April 2024
George Clarke Paints, Fabrics and Wallcoverings Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 May 2023
234,199
6,373
77,099
30,732
119,995
At 30 April 2024
30,732
77,099
6,373
234,199
119,995
Provision for depreciation and impairment
At 01 May 2023
108,357
5,826
75,101
27,430
-
Charge for year
1,169
109
400
660
-
At 30 April 2024
109,526
5,935
75,501
28,090
-
At 30 April 2024
Net book value
119,995
2,642
1,598
438
124,673
At 30 April 2023
119,995
3,302
1,998
547
125,842
3. Inventories
2023
2024
£
£
Stocks
87,350
75,181
4. Trade and other receivables
2023
2024
£
£
Trade debtors
15,254
14,078
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
69,414
63,979
Taxation and social security
6,284
8,537
Other creditors
13,524
21,901
89,222
94,417
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7
For the year ended 30 April 2024
George Clarke Paints, Fabrics and Wallcoverings Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
-
20,000
7. Average number of persons employed
During the year the average number of employees was 5 (2023 : 6)
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