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Company No: 11921690 (England and Wales)

JAMES CLARK TECHNOLOGIES LTD.

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

JAMES CLARK TECHNOLOGIES LTD.

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

JAMES CLARK TECHNOLOGIES LTD.

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
JAMES CLARK TECHNOLOGIES LTD.

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
2024 2023
£ £
Fixed assets
Intangible assets 1 1
1 1
Current assets
Debtors 4 0 1,230
Cash at bank and in hand 603 5,489
603 6,719
Creditors: amounts falling due within one year 5 ( 141,581) ( 147,880)
Net current liabilities (140,978) (141,161)
Total assets less current liabilities (140,977) (141,160)
Net liabilities ( 140,977) ( 141,160)
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account ( 141,177 ) ( 141,360 )
Total shareholders' deficit ( 140,977) ( 141,160)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of James Clark Technologies Ltd. (registered number: 11921690) were approved and authorised for issue by the Board of Directors on 27 January 2025. They were signed on its behalf by:

Tristan James Carmichael
Director
JAMES CLARK TECHNOLOGIES LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
JAMES CLARK TECHNOLOGIES LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

James Clark Technologies Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Carmichael House Village Green, Inkberrow, Worcester, WR7 4DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 3 years straight line
Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 May 2023 787 787
At 30 April 2024 787 787
Accumulated depreciation
At 01 May 2023 787 787
At 30 April 2024 787 787
Net book value
At 30 April 2024 0 0
At 30 April 2023 0 0

4. Debtors

2024 2023
£ £
VAT recoverable 0 1,230

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 65
Amounts owed to directors 140,831 145,831
Accruals 750 1,984
141,581 147,880

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 A Ordinary shares of £ 1.00 each 200 200

7. Related party transactions

Other related party transactions

2024 2023
£ £
Amounts owed to directors 140,831 145,831