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REGISTERED NUMBER: 03241913 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CLARKS ARCHIVE STORAGE LIMITED

CLARKS ARCHIVE STORAGE LIMITED (REGISTERED NUMBER: 03241913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARKS ARCHIVE STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P R Clark
D P Clark





SECRETARY: Mrs J S Clark





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 03241913 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

CLARKS ARCHIVE STORAGE LIMITED (REGISTERED NUMBER: 03241913)

BALANCE SHEET
31 JULY 2024

31.7.23 31.7.24
£    £    Notes £    £   
FIXED ASSETS
295,566 Tangible assets 4 334,697

CURRENT ASSETS
85,000 Stocks 93,000
507,220 Debtors 5 479,881
132 Cash at bank and in hand 133
592,352 573,014
CREDITORS
620,956 Amounts falling due within one year 6 558,861
(28,604 ) NET CURRENT ASSETS/(LIABILITIES) 14,153
266,962 TOTAL ASSETS LESS CURRENT
LIABILITIES

348,850

CREDITORS
(184,736 ) Amounts falling due after more than one
year

7

(225,951

)

(18,629 ) PROVISIONS FOR LIABILITIES (17,706 )
63,597 NET ASSETS 105,193

CAPITAL AND RESERVES
100 Called up share capital 100
105,582 Revaluation reserve 101,818
(42,085 ) Retained earnings 3,275
63,597 SHAREHOLDERS' FUNDS 105,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

CLARKS ARCHIVE STORAGE LIMITED (REGISTERED NUMBER: 03241913)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





D P Clark - Director


CLARKS ARCHIVE STORAGE LIMITED (REGISTERED NUMBER: 03241913)

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

1. STATUTORY INFORMATION

Clarks Archive Storage 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor and work in progress balances.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles -10% on reducing balance
Fixtures and fittings -10% on reducing balance
Office equipments -10% on reducing balance
Improvements to property - 5% 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.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


CLARKS ARCHIVE STORAGE LIMITED (REGISTERED NUMBER: 03241913)

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

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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
Totals property fittings vehicles equipment
£    £    £    £    £   
COST OR VALUATION
At 1 August 2023 401,417 31,549 139,998 153,321 76,549
Additions 133,412 - 1,783 129,996 1,633
Disposals (70,339 ) - - (70,339 ) -
At 31 July 2024 464,490 31,549 141,781 212,978 78,182
DEPRECIATION
At 1 August 2023 105,851 1,577 36,697 37,169 30,408
Charge for year 37,307 1,499 11,451 18,919 5,438
Eliminated on disposal (13,365 ) - - (13,365 ) -
At 31 July 2024 129,793 3,076 48,148 42,723 35,846
NET BOOK VALUE
At 31 July 2024 334,697 28,473 93,633 170,255 42,336
At 31 July 2023 295,566 29,972 103,301 116,152 46,141

CLARKS ARCHIVE STORAGE LIMITED (REGISTERED NUMBER: 03241913)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 July 2024 is represented by:

Improvements Fixtures
to and Motor Computer
Totals property fittings vehicles equipment
£    £    £    £    £   
Valuation in 2016 81,909 - 81,909 - -
Valuation in 2017 35,513 - 15,120 - 20,393
Cost 347,068 31,549 44,752 212,978 57,789
464,490 31,549 141,781 212,978 78,182

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 August 2023 153,321
Additions 129,996
Disposals (70,339 )
At 31 July 2024 212,978
DEPRECIATION
At 1 August 2023 37,169
Charge for year 18,919
Eliminated on disposal (13,365 )
At 31 July 2024 42,723
NET BOOK VALUE
At 31 July 2024 170,255
At 31 July 2023 116,152

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 264,796 281,619
Other debtors 215,085 225,601
479,881 507,220

CLARKS ARCHIVE STORAGE LIMITED (REGISTERED NUMBER: 03241913)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 72,185 69,870
Hire purchase contracts 20,962 22,970
Trade creditors 174,122 298,070
Taxation and social security 114,027 67,411
Other creditors 177,565 162,635
558,861 620,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 9,877 19,894
Hire purchase contracts 148,796 110,009
Other creditors 67,278 54,833
225,951 184,736