IRIS Accounts Production v25.1.0.734 02742559 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027425592024-03-31027425592025-03-31027425592024-04-012025-03-31027425592023-03-31027425592023-04-012024-03-31027425592024-03-3102742559ns15:EnglandWales2024-04-012025-03-3102742559ns14:PoundSterling2024-04-012025-03-3102742559ns10:Director12024-04-012025-03-3102742559ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3102742559ns10:SmallEntities2024-04-012025-03-3102742559ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3102742559ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3102742559ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3102742559ns10:FullAccounts2024-04-012025-03-310274255912024-04-012025-03-3102742559ns10:Director22024-04-012025-03-3102742559ns10:Director32024-04-012025-03-3102742559ns10:CompanySecretary12024-04-012025-03-3102742559ns10:RegisteredOffice2024-04-012025-03-3102742559ns5:CurrentFinancialInstruments2025-03-3102742559ns5:CurrentFinancialInstruments2024-03-3102742559ns5:Non-currentFinancialInstruments2025-03-3102742559ns5:Non-currentFinancialInstruments2024-03-3102742559ns5:ShareCapital2025-03-3102742559ns5:ShareCapital2024-03-3102742559ns5:CapitalRedemptionReserve2025-03-3102742559ns5:CapitalRedemptionReserve2024-03-3102742559ns5:RetainedEarningsAccumulatedLosses2025-03-3102742559ns5:RetainedEarningsAccumulatedLosses2024-03-3102742559ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3102742559ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-04-012025-03-3102742559ns5:PlantMachinery2024-04-012025-03-3102742559ns5:FurnitureFittings2024-04-012025-03-3102742559ns5:MotorVehicles2024-04-012025-03-3102742559ns5:ComputerEquipment2024-04-012025-03-3102742559ns5:IntangibleAssetsOtherThanGoodwill2024-03-3102742559ns5:IntangibleAssetsOtherThanGoodwill2025-03-3102742559ns5:IntangibleAssetsOtherThanGoodwill2024-03-3102742559ns5:PlantMachinery2024-03-3102742559ns5:FurnitureFittings2024-03-3102742559ns5:MotorVehicles2024-03-3102742559ns5:ComputerEquipment2024-03-3102742559ns5:PlantMachinery2025-03-3102742559ns5:FurnitureFittings2025-03-3102742559ns5:MotorVehicles2025-03-3102742559ns5:ComputerEquipment2025-03-3102742559ns5:PlantMachinery2024-03-3102742559ns5:FurnitureFittings2024-03-3102742559ns5:MotorVehicles2024-03-3102742559ns5:ComputerEquipment2024-03-3102742559ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3102742559ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102742559ns5:CurrentFinancialInstruments2024-04-012025-03-3102742559ns5:Non-currentFinancialInstruments2024-04-012025-03-3102742559ns5:WithinOneYearns5:HirePurchaseContracts2025-03-3102742559ns5:WithinOneYearns5:HirePurchaseContracts2024-03-3102742559ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-03-3102742559ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3102742559ns5:HirePurchaseContracts2025-03-3102742559ns5:HirePurchaseContracts2024-03-3102742559ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-03-3102742559ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3102742559ns5:WithinOneYear2025-03-3102742559ns5:WithinOneYear2024-03-3102742559ns5:BetweenOneFiveYears2025-03-3102742559ns5:BetweenOneFiveYears2024-03-3102742559ns5:AllPeriods2025-03-3102742559ns5:AllPeriods2024-03-31
REGISTERED NUMBER: 02742559 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Clarke-Rendall Business Furniture
Limited

Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clarke-Rendall Business Furniture
Limited

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: M A Clarke
B Fielden
G M Lay





SECRETARY: S P Clarke





REGISTERED OFFICE: The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN





REGISTERED NUMBER: 02742559 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Balance Sheet
31 MARCH 2025

2025 2024
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,082
Tangible assets 5 86,890 106,026
86,890 109,108

CURRENT ASSETS
Stocks 45,335 69,796
Debtors 6 346,024 248,453
Cash at bank and in hand 192,077 392,936
583,436 711,185
CREDITORS
Amounts falling due within one year 7 503,068 539,230
NET CURRENT ASSETS 80,368 171,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,258

281,063

CREDITORS
Amounts falling due after more than one year 8 (34,140 ) (127,413 )

PROVISIONS FOR LIABILITIES (30,285 ) (34,667 )
NET ASSETS 102,833 118,983

Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Balance Sheet - continued
31 MARCH 2025

2025 2024
as restated
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 11,250 11,250
Capital redemption reserve 750 750
Retained earnings 90,833 106,983
SHAREHOLDERS' FUNDS 102,833 118,983

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





M A Clarke - Director


Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Clarke-Rendall Business Furniture 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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


Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024
and 31 March 2025 16,835
AMORTISATION
At 1 April 2024 13,753
Charge for year 3,082
At 31 March 2025 16,835
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 3,082

Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 333,659 289,619 32,995 22,480 678,753
Additions 3,905 - - - 3,905
At 31 March 2025 337,564 289,619 32,995 22,480 682,658
DEPRECIATION
At 1 April 2024 264,009 279,764 8,249 20,705 572,727
Charge for year 10,626 3,417 8,249 749 23,041
At 31 March 2025 274,635 283,181 16,498 21,454 595,768
NET BOOK VALUE
At 31 March 2025 62,929 6,438 16,497 1,026 86,890
At 31 March 2024 69,650 9,855 24,746 1,775 106,026


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Trade debtors 299,565 217,704
Other debtors 46,459 30,749
346,024 248,453

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Bank loans and overdrafts 80,196 118,370
Hire purchase contracts (see note 9) 13,077 11,910
Trade creditors 95,027 58,728
Taxation and social security 93,142 102,797
Other creditors 221,626 247,425
503,068 539,230

£208,764 Ultimate Finance Bank of Scotland is included in other creditors. These debts are secured against the Company's assets.

Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
as restated
£    £   
Bank loans - 80,196
Hire purchase contracts (see note 9) 34,140 47,217
34,140 127,413

Loan balances outstanding at the year end relate to a CBILS Loan. The loan is unsecured and is guaranteed by the UK government.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
as restated
£    £   
Gross obligations repayable:
Within one year 16,387 16,387
Between one and five years 36,997 53,384
53,384 69,771

Finance charges repayable:
Within one year 3,310 4,477
Between one and five years 2,857 6,167
6,167 10,644

Net obligations repayable:
Within one year 13,077 11,910
Between one and five years 34,140 47,217
47,217 59,127

Non-cancellable operating leases
2025 2024
as restated
£    £   
Within one year 163,995 123,618
Between one and five years 163,995 118,772
327,990 242,390

Clarke-Rendall Business Furniture
Limited (Registered number: 02742559)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
as restated
£    £   
Ultimate Finance Limited 208,764 139,623

The debts are secured against the company's assets.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £6,056 (2024:£6,426) were payable to the fund at the balance sheet date and are included in other creditors.