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REGISTERED NUMBER: 01067886 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AUSDEN CLARK LIMITED

AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUSDEN CLARK LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: A A Frost
D Snape





SECRETARY: C M Frost





REGISTERED OFFICE: 4 Murrayfield Road
Braunstone Frith Industrial Estate
Leicester
Leicestershire
LE3 1UW





REGISTERED NUMBER: 01067886 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 758,345 83,177
758,345 83,177

CURRENT ASSETS
Debtors 6 1,028,978 3,450,039
Cash at bank and in hand 1,116,953 456,974
2,145,931 3,907,013
CREDITORS
Amounts falling due within one year 7 (808,527 ) (874,564 )
NET CURRENT ASSETS 1,337,404 3,032,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,095,749

3,115,626

CREDITORS
Amounts falling due after more than one
year

8

(183,300

)

-

PROVISIONS FOR LIABILITIES (177,280 ) (18,000 )
NET ASSETS 1,735,169 3,097,626

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,735,069 3,097,526
SHAREHOLDERS' FUNDS 1,735,169 3,097,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

BALANCE SHEET - continued
30 June 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 Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





A A Frost - Director


AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Ausden Clark Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Transport House, 4 Murrayfield Road, Leicester, LE3 1UW and the registered number is 01067886.

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.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Within the prior year, the reporting period changed to 30 June 2023 to cover an 18 month period. Therefore comparative amounts presented in the financial statements are not directly comparable.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery20% of net book value
Fixtures and fittings 20% of net book value
Coaches & other vehicles7.5% and 10% of cost on coaches and 25% of cost on other vehicles

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Leases
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.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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.

Going concern

AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors believe that the company will remain profitable going forward and has sufficient resources to meet its liabilities for at least twelve months from signing these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 40,000
AMORTISATION
At 1 July 2023
and 30 June 2024 40,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures Coaches &
Plant and and other
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 163,888 90,098 30,200 284,186
Additions 29,470 2,020 689,950 721,440
Disposals - - (7,400 ) (7,400 )
At 30 June 2024 193,358 92,118 712,750 998,226
DEPRECIATION
At 1 July 2023 105,109 66,472 29,428 201,009
Charge for year 14,858 5,001 26,142 46,001
Eliminated on disposal - - (7,129 ) (7,129 )
At 30 June 2024 119,967 71,473 48,441 239,881
NET BOOK VALUE
At 30 June 2024 73,391 20,645 664,309 758,345
At 30 June 2023 58,779 23,626 772 83,177

The net carrying value of tangible fixed assets includes coaches and vehicles with a net book value of £256,750 (2023 - £NIL) in respect of assets held under hire purchase contracts.

AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 924,913 897,051
Amounts owed by group undertakings - 2,500,000
Other debtors 104,065 52,988
1,028,978 3,450,039

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 46,800 -
Trade creditors 248,294 206,599
Amounts owed to group undertakings 99 -
Taxation and social security 268,337 399,008
Other creditors 244,997 268,957
808,527 874,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 183,300 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 46,800 -
Between one and five years 183,300 -
230,100 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 398,530 -
Between one and five years 1,256,120 -
In more than five years 294,530 -
1,949,180 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 230,100 -

Hire purchase contracts are secured on the assets concerned.

AUSDEN CLARK LIMITED (REGISTERED NUMBER: 01067886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

2024 2023
£    £   
P Ausden-Clark
Balance outstanding at start of year - 100,000
Amounts repaid - (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY DISCLOSURES

AC Frost Limited is the company's ultimate parent company. AC Frost Limited is not controlled by any one party.

13. POST BALANCE SHEET EVENTS

Group reorganisation
On 28 June 2024, Ausden Clark Holdings Limited ceased to be Ausden Clark Limited's immediate parent company as a result of a group reorganisation. On this date AC Frost Limited became both the immediate and ultimate parent company.