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COMPANY REGISTRATION NUMBER: 06296479
CLARK BUSINESS RECOVERY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 August 2024
CLARK BUSINESS RECOVERY LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
5
5,224
6,250
CURRENT ASSETS
Debtors
6
399,201
440,879
Cash at bank and in hand
45,748
104,979
---------
---------
444,949
545,858
CREDITORS: amounts falling due within one year
7
( 98,257)
( 144,583)
---------
---------
NET CURRENT ASSETS
346,692
401,275
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
351,916
407,525
PROVISIONS
Taxation including deferred tax
( 993)
( 1,963)
---------
---------
NET ASSETS
350,923
405,562
---------
---------
CAPITAL AND RESERVES
Called up share capital
111
111
Profit and loss account
350,812
405,451
---------
---------
SHAREHOLDERS FUNDS
350,923
405,562
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 August 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 .
CLARK BUSINESS RECOVERY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 3 April 2025 , and are signed on behalf of the board by:
D N Clark
Director
Company registration number: 06296479
CLARK BUSINESS RECOVERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 8, Fusion Court, Aberford Road, Garforth, Leeds, LS25 2GH, West Yorkshire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Office Equipment
-
33% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 12 (2023: 11 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
29,615
42,624
72,239
--------
--------
--------
Depreciation
At 1 September 2023
23,849
42,140
65,989
Charge for the year
865
161
1,026
--------
--------
--------
At 31 August 2024
24,714
42,301
67,015
--------
--------
--------
Carrying amount
At 31 August 2024
4,901
323
5,224
--------
--------
--------
At 31 August 2023
5,766
484
6,250
--------
--------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
41,011
57,776
Other debtors
358,190
383,103
---------
---------
399,201
440,879
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,598
4,917
Corporation tax
57,421
28,424
Social security and other taxes
23,874
43,003
Other creditors
8,364
68,239
--------
---------
98,257
144,583
--------
---------