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Registration number: 03920246

Deborah Clark and Associates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Deborah Clark and Associates Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Deborah Clark and Associates Limited

(Registration number: 03920246)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,462

15,604

Current assets

 

Stocks

5

18,797

24,297

Debtors

6

262,664

214,272

Cash at bank and in hand

 

57,803

43,334

 

339,264

281,903

Creditors: Amounts falling due within one year

7

(59,029)

(59,145)

Net current assets

 

280,235

222,758

Total assets less current liabilities

 

295,697

238,362

Provisions for liabilities

(3,941)

(3,931)

Net assets

 

291,756

234,431

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

291,755

234,430

Shareholders' funds

 

291,756

234,431

 

Deborah Clark and Associates Limited

(Registration number: 03920246)
Statement of Financial Position as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 


Mr J A Casey
Company secretary and director


Mr J Clark
Director

 

Deborah Clark and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Dittons
Fore Street
Calstock
Cornwall
PL18 9RN

Principal activity

The principal activity of the company is that of public relations consultants.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

 

Deborah Clark and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Office equipment

15% reducing balance

Computer equipment

33% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Deborah Clark and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 8).

 

Deborah Clark and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Office equipment
£

Computer equipment
£

Total
£

Cost or valuation

At 1 April 2023

59,735

47,366

107,101

Additions

-

3,872

3,872

At 31 March 2024

59,735

51,238

110,973

Depreciation

At 1 April 2023

50,339

41,159

91,498

Charge for the year

1,410

2,603

4,013

At 31 March 2024

51,749

43,762

95,511

Carrying amount

At 31 March 2024

7,986

7,476

15,462

At 31 March 2023

9,396

6,208

15,604

5

Stocks

2024
£

2023
£

Work in progress

18,797

24,297

6

Debtors

2024
£

2023
£

Trade debtors

 

104,209

148,753

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

155,651

64,356

Other debtors

 

2,804

1,163

 

262,664

214,272

 

Deborah Clark and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

4,283

13,863

Taxation and social security

44,559

32,743

Accruals and deferred income

8,750

11,622

Other creditors

1,437

917

59,029

59,145

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Related party transactions

Deborah Clark & Associates Limited is the wholly owned subsidiary of Clark Casey Limited. The parent company's registered office is The Dittons, Fore Street, Calstock, Cornwall, PL18 9RN. At the year end, Deborah Clark & Associates Limited were owed £155,650 from Clark Casey Limited (2023: Deborah Clark & Associates Limited owed Clark Casey Limited £64,356).