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REGISTERED NUMBER: 04662491 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Michael A. Clark Limited

Michael A. Clark Limited (Registered number: 04662491)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Michael A. Clark Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr M A Clark





REGISTERED OFFICE: Ye Olde Forge
Wrotham Road
Meopham
Kent
DA13 0AT





REGISTERED NUMBER: 04662491 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Michael A. Clark Limited (Registered number: 04662491)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,255 4,340

CURRENT ASSETS
Debtors 5 529,426 483,448
Cash at bank 425,733 520,141
955,159 1,003,589
CREDITORS
Amounts falling due within one year 6 7,649 3,685
NET CURRENT ASSETS 947,510 999,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

950,765

1,004,244

CAPITAL AND RESERVES
Called up share capital 7 101 101
Revaluation reserve 8 152,418 164,292
Retained earnings 798,246 839,851
SHAREHOLDERS' FUNDS 950,765 1,004,244

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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





Mr M A Clark - Director


Michael A. Clark Limited (Registered number: 04662491)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Michael A. 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 represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - twenty years

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 2,757 33,433 36,190
DEPRECIATION
At 1 May 2023 1,205 30,645 31,850
Charge for year 388 697 1,085
At 30 April 2024 1,593 31,342 32,935
NET BOOK VALUE
At 30 April 2024 1,164 2,091 3,255
At 30 April 2023 1,552 2,788 4,340

Michael A. Clark Limited (Registered number: 04662491)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from Partnerships 440,263 429,738
Directors' current accounts 76,193 51,616
Corporation Tax Refundable - 1,131
Prepayments 12,970 963
529,426 483,448

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 420 -
Social security and other taxes 4,211 936
Accruals and deferred income 3,018 2,749
7,649 3,685

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 164,292
Transfer from revaluation (11,874 )

At 30 April 2024 152,418

Michael A. Clark Limited (Registered number: 04662491)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. 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
£    £   
Mr M A Clark
Balance outstanding at start of year 51,616 66,534
Amounts advanced 91,880 66,179
Amounts repaid (67,303 ) (81,097 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,193 51,616

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.