BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is road contracts civil engineering and construction. 28 January 2025 2 2 NI061268 2024-03-31 NI061268 2023-03-31 NI061268 2022-03-31 NI061268 2023-04-01 2024-03-31 NI061268 2022-04-01 2023-03-31 NI061268 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI061268 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI061268 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI061268 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI061268 uk-core:ShareCapital 2024-03-31 NI061268 uk-core:ShareCapital 2023-03-31 NI061268 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI061268 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI061268 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI061268 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI061268 uk-bus:FRS102 2023-04-01 2024-03-31 NI061268 uk-core:CurrentFinancialInstruments 2024-03-31 NI061268 uk-core:CurrentFinancialInstruments 2023-03-31 NI061268 uk-core:WithinOneYear 2024-03-31 NI061268 uk-core:WithinOneYear 2023-03-31 NI061268 uk-core:WithinOneYear 2024-03-31 NI061268 uk-core:WithinOneYear 2023-03-31 NI061268 uk-core:OtherMiscellaneousReserve 2023-03-31 NI061268 uk-core:OtherMiscellaneousReserve 2023-04-01 2024-03-31 NI061268 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI061268 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-03-31 NI061268 uk-core:OtherDeferredTax 2024-03-31 NI061268 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-03-31 NI061268 uk-core:OtherMiscellaneousReserve 2024-03-31 NI061268 2023-04-01 2024-03-31 NI061268 uk-bus:Director1 2023-04-01 2024-03-31 NI061268 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI061268
 
 
Clarke Road Contracts Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024
Clarke Road Contracts Limited
Company Registration Number: NI061268
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Current Assets
Stocks 4 - 1,851
Debtors 5 47,219 21,040
Cash and cash equivalents 33,952 17,702
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81,171 40,593
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Creditors: amounts falling due within one year 6 (82,229) (54,218)
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Net Current Liabilities (1,058) (13,625)
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Total Assets less Current Liabilities (1,058) (13,625)
 
Provisions for liabilities 7 1 14,887
 
Government grants 8 (376) (470)
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Net (Liabilities)/Assets (1,433) 792
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Capital and Reserves
Called up share capital 10 10
Retained earnings (1,443) 782
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Equity attributable to owners of the company (1,433) 792
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 January 2025
           
           
________________________________          
Mrs. Michelle Clarke          
Director          
           



Clarke Road Contracts Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Clarke Road Contracts Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI061268. The registered office of the company is 37 Rock Road, Greencastle, Co Tyrone, BT79 8HH. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Stocks and work in progress
 
Work in progress
Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.
 
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.
 
Borrowing costs
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Employees 2 2
  ═════════ ═════════
       
4. Stocks 2024 2023
  £ £
 
 
Long-term contract balances:
Net cost less foreseeable losses - 1,851
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 26,510 8,463
Taxation 20,709 12,577
  ───────── ─────────
  47,219 21,040
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts - 3,424
Trade creditors 65,822 4,884
Amounts owed to related parties (Note 9) 11,787 39,621
Director's current account 4,620 1,609
Other creditors - 4,680
  ───────── ─────────
  82,229 54,218
  ═════════ ═════════
           
7. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start (1) (14,886) (14,887) (1,896)
Charged to profit and loss - 14,886 14,886 (12,991)
  ───────── ───────── ───────── ─────────
At financial year end (1) - (1) (14,887)
  ═════════ ═════════ ═════════ ═════════
       
8. Government Grants Deferred 2024 2023
  £ £
 
Capital grants received and receivable
At 1 April 2023 5,754 5,754
  ───────── ─────────
Amortisation
At 1 April 2023 (5,284) (5,167)
Amortised in financial year (94) (117)
  ───────── ─────────
 
At 31 March 2024 (5,378) (5,284)
  ───────── ─────────
Net book value
At 31 March 2024 376 470
  ═════════ ═════════
At 1 April 2023 470 587
  ═════════ ═════════
           
9. Related party transactions
 
      2024 2023
      £ £
 
Finance amounts owed to related parties     11,787 39,621
      ═════════ ═════════
 
S Clarke Road Contracts Ltd is owned by the husband of the director in Clarke Road Contracts Ltd.  Sales of £85,000 in respect of equipment hire was invoiced to Clarke Road Contracts Ltd from S Clarke Road Contracts Ltd.

At the start of the year Clarke Road Contracts owed £39,621 to S Clarke Road Contracts Ltd.  During the year Clarke Road Contracts Ltd borrowed £104,364 and repaid £132,198 to S Clarke Road Contracts Ltd. At the year end £11,787 is owed to S Clarke Road Contracts Ltd and this is included in the creditors section of the balance sheet.

At the start of the year the director of Clarke Road Contracts were owed £1,609. During the year, the company borrowed a total of £4,992 from the director of Clarke Road Contracts Ltd and repaid a total of £1,981, leaving a closing balance of £4,620 (2023: £1,609) and this is included in the creditors section of the balance sheet.