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REGISTERED NUMBER: 10044173 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

CLARKES OF BOWLEY LIMITED

CLARKES OF BOWLEY LIMITED (REGISTERED NUMBER: 10044173)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARKES OF BOWLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: T L Clarke





SECRETARY: Martin and Company (Company Secretaries) Limited





REGISTERED OFFICE: 25 St Thomas Street
Winchester
United Kingdom
Hampshire
SO23 9HJ





REGISTERED NUMBER: 10044173 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

CLARKES OF BOWLEY LIMITED (REGISTERED NUMBER: 10044173)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,094,798 825,582
Investments 5 4,409 4,409
1,099,207 829,991

CURRENT ASSETS
Stocks 355,066 500,808
Debtors 6 149,624 165,398
Cash in hand (27 ) 15
504,663 666,221
CREDITORS
Amounts falling due within one year 7 563,849 431,089
NET CURRENT (LIABILITIES)/ASSETS (59,186 ) 235,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040,021

1,065,123

CREDITORS
Amounts falling due after more than one
year

8

(354,821

)

(231,447

)

PROVISIONS FOR LIABILITIES (337,723 ) (197,876 )
NET ASSETS 347,477 635,800

CAPITAL AND RESERVES
Called up share capital 300,100 300,100
Retained earnings 47,377 335,700
347,477 635,800

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

CLARKES OF BOWLEY LIMITED (REGISTERED NUMBER: 10044173)

BALANCE SHEET - continued
30TH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th January 2025 and were signed by:





T L Clarke - Director


CLARKES OF BOWLEY LIMITED (REGISTERED NUMBER: 10044173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Clarkes Of Bowley 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.
Improvements to property - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Tractors and combines - 15% on reducing balance and 10% on reducing balance
Motor vehicles - 25% 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 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.

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.

CLARKES OF BOWLEY LIMITED (REGISTERED NUMBER: 10044173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Tractors
to Plant and and Motor
property machinery combines vehicles Totals
£    £    £    £    £   
COST
At 1st May 2023 162,210 451,734 890,346 7,879 1,512,169
Additions - 231,651 282,561 3,200 517,412
Disposals - (96,435 ) (166,760 ) - (263,195 )
At 30th April 2024 162,210 586,950 1,006,147 11,079 1,766,386
DEPRECIATION
At 1st May 2023 64,878 263,877 351,348 6,485 686,588
Charge for year 7,970 31,076 100,432 1,148 140,626
Eliminated on disposal - (65,839 ) (89,787 ) - (155,626 )
At 30th April 2024 72,848 229,114 361,993 7,633 671,588
NET BOOK VALUE
At 30th April 2024 89,362 357,836 644,154 3,446 1,094,798
At 30th April 2023 97,332 187,857 538,998 1,394 825,581

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2023
and 30th April 2024 4,409
NET BOOK VALUE
At 30th April 2024 4,409
At 30th April 2023 4,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,741 118,132
Other debtors 42,883 47,266
149,624 165,398

CLARKES OF BOWLEY LIMITED (REGISTERED NUMBER: 10044173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 90,787 58,700
Hire purchase contracts 168,114 91,309
Trade creditors 190,103 173,838
Taxation and social security 2,926 9,233
Other creditors 111,919 98,009
563,849 431,089

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 354,821 231,447