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REGISTERED NUMBER: 04620779 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 April 2024

for

J W CLARK LIMITED

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)






Contents of the Financial Statements
for the year ended 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J W CLARK LIMITED

Company Information
for the year ended 30 APRIL 2024







DIRECTOR: J W Clark





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 04620779 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 675,766 1,201,446
Investments 6 1 1
675,767 1,201,447

CURRENT ASSETS
Stocks 30,229 35,033
Debtors 7 325,261 253,058
Cash at bank and in hand 56,211 56,981
411,701 345,072
CREDITORS
Amounts falling due within one year 8 693,377 760,575
NET CURRENT LIABILITIES (281,676 ) (415,503 )
TOTAL ASSETS LESS CURRENT LIABILITIES 394,091 785,944

CREDITORS
Amounts falling due after more than one
year

9

(274,014

)

(551,174

)

PROVISIONS FOR LIABILITIES (119,417 ) (222,114 )
NET ASSETS 660 12,656

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 658 12,654
SHAREHOLDERS' FUNDS 660 12,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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 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.

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Balance Sheet - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





J W Clark - Director


J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements
for the year ended 30 APRIL 2024

1. STATUTORY INFORMATION

J W Clark 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Straight line over 5 years
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at fair value.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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.


J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 15,500
AMORTISATION
At 1 May 2023
and 30 April 2024 15,500
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 38,242 982,654 23,313 962,699 2,006,908
Additions - 7,241 377 60,771 68,389
Disposals - (494,406 ) (3,423 ) (240,459 ) (738,288 )
At 30 April 2024 38,242 495,489 20,267 783,011 1,337,009
DEPRECIATION
At 1 May 2023 37,735 293,096 15,291 459,340 805,462
Charge for year 177 94,591 2,130 96,801 193,699
Eliminated on disposal - (182,677 ) (2,815 ) (152,426 ) (337,918 )
At 30 April 2024 37,912 205,010 14,606 403,715 661,243
NET BOOK VALUE
At 30 April 2024 330 290,479 5,661 379,296 675,766
At 30 April 2023 507 689,558 8,022 503,359 1,201,446

The net book value of tangible fixed assets includes £ 539,259 (2023 - £ 1,168,834 ) in respect of assets held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 222,015 232,526
Amounts owed by group undertakings 8,280 7,936
Other debtors 94,966 12,596
325,261 253,058

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,742 36,240
Hire purchase contracts 156,847 352,041
Trade creditors 244,457 241,383
Taxation and social security 239,350 89,299
Other creditors 28,981 41,612
693,377 760,575

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,217 53,958
Hire purchase contracts 196,046 437,215
Other creditors 48,751 60,001
274,014 551,174

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 352,893 789,256

The liabilities are secured on the assets to which they relate.

The director has provided a personal guarantee totalling £50,000.

11. CALLED UP SHARE CAPITAL

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

J W CLARK LIMITED (REGISTERED NUMBER: 04620779)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
J W Clark
Balance outstanding at start of year (231 ) -
Amounts advanced 221,387 -
Amounts repaid (134,312 ) (231 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,844 (231 )

Interest was charged on this balance at a rate of 2.25%. The director's loan was repaid within 9 months of the year end.