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REGISTERED NUMBER: 01750084 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

CLARKSON TEXTILES LIMITED

CLARKSON TEXTILES LIMITED (REGISTERED NUMBER: 01750084)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLARKSON TEXTILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: Mr A Clarkson
Mr R G White





SECRETARY: Mrs J Hartley





REGISTERED OFFICE: Lindred Road
Lomeshaye Industrial Estate
Nelson
BB9 5SR





REGISTERED NUMBER: 01750084 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

CLARKSON TEXTILES LIMITED (REGISTERED NUMBER: 01750084)

BALANCE SHEET
31ST JANUARY 2025

31.1.25 31.1.24
Notes £    £   
CURRENT ASSETS
Debtors 4 60,268 65,804
Cash at bank 688,541 822,571
748,809 888,375
CREDITORS
Amounts falling due within one year 5 14,492 9,124
NET CURRENT ASSETS 734,317 879,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,317

879,251

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 733,317 878,251
SHAREHOLDERS' FUNDS 734,317 879,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th February 2025 and were signed on its behalf by:





Mr A Clarkson - Director


CLARKSON TEXTILES LIMITED (REGISTERED NUMBER: 01750084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025


1. STATUTORY INFORMATION

Clarkson Textiles 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 net invoiced sales of goods and services supplied, excluding Value Added Tax. Transactions are recorded as sales when the delivery of products or the performance of services takes place in accordance with the contract terms of sale.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as financial instruments:
Trade debtors, trade creditors, bank loans, directors' loans and factor liabilities.

Trade debtors, trade creditors, directors' loans and factor liabilities (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CLARKSON TEXTILES LIMITED (REGISTERED NUMBER: 01750084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 60,268 62,863
Other debtors - 2,941
60,268 65,804

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 7,483 7,474
Taxation and social security 5,359 -
Other creditors 1,650 1,650
14,492 9,124

6. RELATED PARTY DISCLOSURES

During the year, the company provided donations totalling £75,000 (2024: £nil) to the Sanctuary of Healing, a company in which Mr A Clarkson is a director.

As at 31st January 2025 the company owed £nil (2024: £nil) to this related party.

During the year, the company was charged consultancy fees totalling £75,000 (2024: £nil) by RGW Consultancy Ltd, a company in which Mr R White is a director.

As at 31st January 2025 the company owed £nil (2024: £nil) to this related party.