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REGISTERED NUMBER: 06499748 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Clarke Cables (UK) Limited

Clarke Cables (UK) Limited (Registered number: 06499748)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clarke Cables (UK) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr John Clarke





REGISTERED OFFICE: Connect Business Village
24 Derby Road
Unit 5, 1st Floor
Liverpool,
Merseyside
L5 9PR





REGISTERED NUMBER: 06499748 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Clarke Cables (UK) Limited (Registered number: 06499748)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,533 3,179

CURRENT ASSETS
Debtors 5 56,294 51,044

CREDITORS
Amounts falling due within one year 6 58,157 53,617
NET CURRENT LIABILITIES (1,863 ) (2,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

670

606

PROVISIONS FOR LIABILITIES 8 481 604
NET ASSETS 189 2

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 187 -
SHAREHOLDERS' FUNDS 189 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 29 November 2024 and were signed by:





Mr John Clarke - Director


Clarke Cables (UK) Limited (Registered number: 06499748)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Clarke Cables (UK) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & Machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Clarke Cables (UK) Limited (Registered number: 06499748)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Tools & Motor Computer
Machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 6,188 11,999 836 19,023
DEPRECIATION
At 1 March 2023 4,766 10,397 681 15,844
Charge for year 214 401 31 646
At 29 February 2024 4,980 10,798 712 16,490
NET BOOK VALUE
At 29 February 2024 1,208 1,201 124 2,533
At 28 February 2023 1,422 1,602 155 3,179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 21,938
Directors' current accounts 56,294 29,106
56,294 51,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 7) 23,084 17,330
Hire purchase contracts - 1,033
Tax 27,746 28,739
Social security and other taxes 500 -
VAT 5,027 4,992
Accrued expenses 1,800 1,523
58,157 53,617

7. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 14,891 4,878
Bank loans 8,193 12,452
23,084 17,330

Clarke Cables (UK) Limited (Registered number: 06499748)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 481 604

Deferred
tax
£   
Balance at 1 March 2023 604
Provided during year (123 )
Balance at 29 February 2024 481

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £2 2 2

10. RESERVES
Retained
earnings
£   

Profit for the year 30,687
Dividends (30,500 )
At 29 February 2024 187

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr John Clarke.