1 January 2024 v2025.19.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP013889832024-01-012024-12-31013889832024-12-31013889832023-12-3101388983core:WithinOneYear2024-12-3101388983core:WithinOneYear2023-12-3101388983core:ShareCapital2024-12-3101388983core:ShareCapital2023-12-3101388983core:OtherReservesSubtotal2024-12-3101388983core:OtherReservesSubtotal2023-12-3101388983core:RetainedEarningsAccumulatedLosses2024-12-3101388983core:RetainedEarningsAccumulatedLosses2023-12-3101388983bus:Director12024-01-012024-12-3101388983bus:RegisteredOffice2024-01-012024-12-3101388983core:PlantMachinery2024-01-012024-12-3101388983core:FurnitureFittingsToolsEquipment2024-01-012024-12-3101388983core:MotorVehicles2024-01-012024-12-31013889832023-01-012023-12-3101388983core:LandBuildings2024-01-0101388983core:PlantMachinery2024-01-01013889832024-01-0101388983core:LandBuildings2024-12-3101388983core:PlantMachinery2024-12-3101388983core:LandBuildings2023-12-3101388983core:PlantMachinery2023-12-310138898312024-01-012024-12-3101388983countries:EnglandWales2024-01-012024-12-3101388983bus:AuditExemptWithAccountantsReport2024-01-012024-12-3101388983bus:PrivateLimitedCompanyLtd2024-01-012024-12-3101388983bus:SmallEntities2024-01-012024-12-3101388983bus:FullAccounts2024-01-012024-12-31
Company registration number:
01388983
Clark's Bodyworks (Humberston) Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Clark's Bodyworks (Humberston) Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
730,206
 
701,846
 
Current assets    
Stocks
2,500
 
2,000
 
Debtors 6
212,970
 
254,875
 
Cash at bank and in hand
540,428
 
501,151
 
755,898
 
758,026
 
Creditors: amounts falling due within one year 7
(215,227
)
(336,852
)
Net current assets
540,671
 
421,174
 
Total assets less current liabilities 1,270,877   1,123,020  
Provisions for liabilities
(23,446
)
(16,700
)
Net assets
1,247,431
 
1,106,320
 
Capital and reserves    
Called up share capital
80
 
80
 
Other reserves
50
 
50
 
Profit and loss account
1,247,301
 
1,106,190
 
Shareholders funds
1,247,431
 
1,106,320
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
10 April 2025
, and are signed on behalf of the board by:
J Clark
Director
Company registration number:
01388983
Clark's Bodyworks (Humberston) Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Jackson Place
,
Wilton Road Industrial Estate
,
Humberston
,
North East Lincolnshire
,
DN36 4AS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% straight line
Fixtures, fittings and equipment
10% & 25% straight line
Motor vehicles
25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
19
(2023:
18
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2024
634,856
 
556,195
 
1,191,051
 
Additions -  
50,755
 
50,755
 
At
31 December 2024
634,856
 
606,950
 
1,241,806
 
Depreciation      
At
1 January 2024
-  
489,205
 
489,205
 
Charge -  
22,395
 
22,395
 
At
31 December 2024
-  
511,600
 
511,600
 
Carrying amount      
At
31 December 2024
634,856
 
95,350
 
730,206
 
At 31 December 2023
634,856
 
66,990
 
701,846
 

6 Debtors

20242023
££
Trade debtors
153,982
 
162,736
 
Other debtors
58,988
 
92,139
 
212,970
 
254,875
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
113,938
 
218,842
 
Taxation and social security
91,623
 
106,869
 
Other creditors
9,666
 
11,141
 
215,227
 
336,852