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REGISTERED NUMBER: 09280029 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CLARKES 24/7 LTD

CLARKES 24/7 LTD (REGISTERED NUMBER: 09280029)

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


CLARKES 24/7 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S J Clarke





REGISTERED OFFICE: 89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA





BUSINESS ADDRESS: Nutters Nest
The Street
Elmsett
Ipswich
Suffolk
IP7 6PA





REGISTERED NUMBER: 09280029 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

CLARKES 24/7 LTD (REGISTERED NUMBER: 09280029)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,404 31,090

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 304,422 196,125
Cash at bank 17,898 233,562
325,820 433,187
CREDITORS
Amounts falling due within one year 6 182,752 246,484
NET CURRENT ASSETS 143,068 186,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,472

217,793

CREDITORS
Amounts falling due after more than one
year

7

(5,754

)

(9,388

)

PROVISIONS FOR LIABILITIES (6,871 ) (7,492 )
NET ASSETS 158,847 200,913

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,747 200,813
SHAREHOLDERS' FUNDS 158,847 200,913

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 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 24/7 LTD (REGISTERED NUMBER: 09280029)

BALANCE SHEET - continued
31 MARCH 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 31 January 2025 and were signed by:





S J Clarke - Director


CLARKES 24/7 LTD (REGISTERED NUMBER: 09280029)

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


1. STATUTORY INFORMATION

CLARKES 24/7 LTD 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

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 etc - 33% on reducing balance and 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 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.

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.

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.

CLARKES 24/7 LTD (REGISTERED NUMBER: 09280029)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 52,906
Additions 1,544
At 31 March 2024 54,450
DEPRECIATION
At 1 April 2023 21,816
Charge for year 4,230
At 31 March 2024 26,046
NET BOOK VALUE
At 31 March 2024 28,404
At 31 March 2023 31,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,222 140,578
Other debtors 131,200 55,547
304,422 196,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,634 3,634
Trade creditors 71,401 60,785
Taxation and social security 84,715 177,780
Other creditors 23,002 4,285
182,752 246,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 5,754 9,388

CLARKES 24/7 LTD (REGISTERED NUMBER: 09280029)

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


8. DIRECTOR'S 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
£    £   
S J Clarke
Balance outstanding at start of year 22,816 25,153
Amounts advanced 15,361 -
Amounts repaid (27,208 ) (2,337 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,969 22,816

The loan to S J Clarke is unsecured and repayable on demand. Interest is charged at 2.5%pa.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S J Clarke.