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REGISTERED NUMBER: 04618884 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAVE CLARK EXTERNAL COATINGS LIMITED

DAVE CLARK EXTERNAL COATINGS LIMITED (REGISTERED NUMBER: 04618884)






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


DAVE CLARK EXTERNAL COATINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D Clark
Mrs L Clark





SECRETARY: Mrs L Clark





REGISTERED OFFICE: 55A Ravenholt
Worsborough
Barnsley
South Yorkshire
S70 5DF





REGISTERED NUMBER: 04618884 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

DAVE CLARK EXTERNAL COATINGS LIMITED (REGISTERED NUMBER: 04618884)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 63,191 54,349
66,191 60,349

CURRENT ASSETS
Stocks 6 250 250
Debtors 7 30,747 41,523
Cash at bank and in hand 52,816 52,540
83,813 94,313
CREDITORS
Amounts falling due within one year 8 59,241 65,254
NET CURRENT ASSETS 24,572 29,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,763

89,408

CREDITORS
Amounts falling due after more than one
year

9

(24,581

)

(22,435

)

PROVISIONS FOR LIABILITIES 11 (11,980 ) (10,092 )
NET ASSETS 54,202 56,881

CAPITAL AND RESERVES
Called up share capital 12 52 52
Retained earnings 54,150 56,829
SHAREHOLDERS' FUNDS 54,202 56,881

DAVE CLARK EXTERNAL COATINGS LIMITED (REGISTERED NUMBER: 04618884)

BALANCE SHEET - continued
31 MARCH 2024


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 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





Mr D Clark - Director


DAVE CLARK EXTERNAL COATINGS LIMITED (REGISTERED NUMBER: 04618884)

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

1. STATUTORY INFORMATION

Dave Clark External Coatings 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.

Goodwill
On the adoptions of FRS102 s1a, the company is to amortise the balance of written down goodwill over a 10 year period.

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 each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 10% on 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 Profit & Loss Account 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 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.

DAVE CLARK EXTERNAL COATINGS LIMITED (REGISTERED NUMBER: 04618884)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 75,000
AMORTISATION
At 1 April 2023 69,000
Amortisation for year 3,000
At 31 March 2024 72,000
NET BOOK VALUE
At 31 March 2024 3,000
At 31 March 2023 6,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 58,500 3,089 74,099 15,177 150,865
Additions 5,113 1,263 25,000 - 31,376
Disposals - - (55,666 ) - (55,666 )
At 31 March 2024 63,613 4,352 43,433 15,177 126,575
DEPRECIATION
At 1 April 2023 34,568 1,134 48,625 12,189 96,516
Charge for year 2,501 372 7,949 984 11,806
Eliminated on disposal - - (44,938 ) - (44,938 )
At 31 March 2024 37,069 1,506 11,636 13,173 63,384
NET BOOK VALUE
At 31 March 2024 26,544 2,846 31,797 2,004 63,191
At 31 March 2023 23,932 1,955 25,474 2,988 54,349

6. STOCKS
2024 2023
£    £   
Stocks 250 250

DAVE CLARK EXTERNAL COATINGS LIMITED (REGISTERED NUMBER: 04618884)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,211 20,689
Other debtors - 5,160
Directors' current accounts 11,986 13,710
Prepayments 1,550 1,964
30,747 41,523

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,204 9,952
Hire purchase contracts 3,881 -
Trade creditors 6,774 11,364
Tax 5,284 7,930
Social security and other taxes 7,741 5,837
VAT 21,433 24,465
Other creditors 949 981
Accrued expenses 2,975 4,725
59,241 65,254

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 12,231 22,435
Hire purchase contracts 12,350 -
24,581 22,435

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,204 9,952

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,462 10,204

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,769 12,231

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,980 10,092

DAVE CLARK EXTERNAL COATINGS LIMITED (REGISTERED NUMBER: 04618884)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 10,092
Provided during year 1,888
Balance at 31 March 2024 11,980

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50
2 Ordinary B shares £1 2 2
52 52

.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr D Clark
Balance outstanding at start of year 13,710 18,632
Amounts advanced 11,986 13,710
Amounts repaid (13,710 ) (18,632 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,986 13,710

14. ULTIMATE CONTROLLING PARTY

Mr D Clark, director, controls the company by virtue of holding 96% of the issued share capital.