CLARK SYSTEMS LIMITED

Company Registration Number:
14272146 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

CLARK SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes

CLARK SYSTEMS LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 9 months to 30 April 2023


£

£
Fixed assets
Tangible assets: 3 6,110 0
Total fixed assets: 6,110 0
Current assets
Stocks: 4 2,000
Debtors: 5 14,046 100
Cash at bank and in hand: 24,803
Total current assets: 40,849 100
Creditors: amounts falling due within one year: 6 ( 30,667 )
Net current assets (liabilities): 10,182 100
Total assets less current liabilities: 16,292 100
Total net assets (liabilities): 16,292 100
Capital and reserves
Called up share capital: 100 100
Other reserves: 16,192
Total Shareholders' funds: 16,292 100

The notes form part of these financial statements

CLARK SYSTEMS LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: Mr R Clark
Status: Director

The notes form part of these financial statements

CLARK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor Vehicles 25% reducing balance

    Other accounting policies

    2.4. Stocks and Work in Progress 25% reducing balance Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses. 2.5. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

CLARK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 9 months to 30 April 2023
    Average number of employees during the period 0 0

CLARK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 0 0
Additions 8,146 8,146
Disposals
Revaluations
Transfers
At 30 April 2024 8,146 8,146
Depreciation
At 1 May 2023 0 0
Charge for year 2,036 2,036
On disposals
Other adjustments
At 30 April 2024 2,036 2,036
Net book value
At 30 April 2024 6,110 6,110
At 30 April 2023 0 0

CLARK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 9 months to 30 April 2023
£ £
Stocks 2,000
Total 2,000

CLARK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 9 months to 30 April 2023
£ £
Trade debtors 14,046
Other debtors 100
Total 14,046 100

CLARK SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 1,750
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 64
Taxation and social security 14,198
Other creditors 14,655
Total 30,667