IRIS Accounts Production v25.1.3.33 03768253 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037682532023-12-31037682532024-12-31037682532024-01-012024-12-31037682532022-12-31037682532023-01-012023-12-31037682532023-12-3103768253ns15:EnglandWales2024-01-012024-12-3103768253ns14:PoundSterling2024-01-012024-12-3103768253ns10:Director12024-01-012024-12-3103768253ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103768253ns10:SmallEntities2024-01-012024-12-3103768253ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103768253ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103768253ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103768253ns10:FullAccounts2024-01-012024-12-3103768253ns5:CurrentFinancialInstruments2024-12-3103768253ns5:CurrentFinancialInstruments2023-12-3103768253ns5:Non-currentFinancialInstruments2024-12-3103768253ns5:Non-currentFinancialInstruments2023-12-3103768253ns5:ShareCapital2024-12-3103768253ns5:ShareCapital2023-12-3103768253ns5:RetainedEarningsAccumulatedLosses2024-12-3103768253ns5:RetainedEarningsAccumulatedLosses2023-12-3103768253ns10:RegisteredOffice2024-01-012024-12-3103768253ns5:LandBuildings2023-12-3103768253ns5:PlantMachinery2023-12-3103768253ns5:FurnitureFittings2023-12-3103768253ns5:MotorVehicles2023-12-3103768253ns5:LandBuildings2024-01-012024-12-3103768253ns5:PlantMachinery2024-01-012024-12-3103768253ns5:FurnitureFittings2024-01-012024-12-3103768253ns5:MotorVehicles2024-01-012024-12-3103768253ns5:LandBuildings2024-12-3103768253ns5:PlantMachinery2024-12-3103768253ns5:FurnitureFittings2024-12-3103768253ns5:MotorVehicles2024-12-3103768253ns5:LandBuildings2023-12-3103768253ns5:PlantMachinery2023-12-3103768253ns5:FurnitureFittings2023-12-3103768253ns5:MotorVehicles2023-12-3103768253ns5:CostValuation2023-12-3103768253ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103768253ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31037682531ns10:Director12023-12-31037682531ns10:Director12022-12-31037682531ns10:Director12024-01-012024-12-31037682531ns10:Director12023-01-012023-12-31037682531ns10:Director12024-12-31037682531ns10:Director12023-12-310376825312024-01-012024-12-31
REGISTERED NUMBER: 03768253 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLARKE METAL SERVICES LIMITED

CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

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










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 8


CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 826,405 452,433
Investments 5 2,000 2,000
828,405 454,433

CURRENT ASSETS
Stocks 15,500 276,491
Debtors 6 2,300,827 1,954,422
Cash at bank 474,887 468,024
2,791,214 2,698,937
CREDITORS
Amounts falling due within one year 7 (2,386,385 ) (2,121,561 )
NET CURRENT ASSETS 404,829 577,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,233,234

1,031,809

CREDITORS
Amounts falling due after more than one
year

8

(174,917

)

-

PROVISIONS FOR LIABILITIES (41,470 ) (24,275 )
NET ASSETS 1,016,847 1,007,534

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,016,747 1,007,434
1,016,847 1,007,534

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

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

CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 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 3 June 2025 and were signed on its behalf by:





S H Clarke - Director


CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

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


1. STATUTORY INFORMATION

CLARKE METAL SERVICES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03768253

Registered office: c/o DPC
Stone House
55 Stone Road Business Park
Stoke-On-Trent
Staffordshire
ST4 6SR

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.

CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

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


2. ACCOUNTING POLICIES - continued

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reports. 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.

(a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See debtors note for the net carrying amount of the debtors.

(iii) Stock Provision

The group manufactures and supply's control panels which are associated with repairs and servicing. Given the volume of stock held it is necessary to consider the recoverability of the cost of stock and the associated provision required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of the stock.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

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


2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at 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 equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Plant and Machinery - 20% reducing balance
Fixtures & Fittings - 20% reducing balance & 20% straight line
Motor Vehicles - 20% Straight line

Depreciation on freehold buildings is not provided as any uncharged depreciation for the year and any accumulated uncharged depreciation, would be immaterial in aggregate as a result of the company's policy to maintain its properties in good condition, which substantially prolongs their useful economic life and the estimated high residual value of the properties.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash- generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group of assets.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

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


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2023 - 9 ) .

CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 311,548 137,686 30,788 115,285 595,307
Additions 347,908 72,925 600 - 421,433
Disposals - - - (41,995 ) (41,995 )
At 31 December 2024 659,456 210,611 31,388 73,290 974,745
DEPRECIATION
At 1 January 2024 - 79,382 24,579 38,913 142,874
Charge for year - 13,557 2,448 14,658 30,663
Eliminated on disposal - - - (25,197 ) (25,197 )
At 31 December 2024 - 92,939 27,027 28,374 148,340
NET BOOK VALUE
At 31 December 2024 659,456 117,672 4,361 44,916 826,405
At 31 December 2023 311,548 58,304 6,209 76,372 452,433

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2,000
NET BOOK VALUE
At 31 December 2024 2,000
At 31 December 2023 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 748,225 903,209
Amounts owed by group undertakings 80,230 167
Other debtors 1,472,372 1,051,046
2,300,827 1,954,422

CLARKE METAL SERVICES LIMITED (REGISTERED NUMBER: 03768253)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 21,702 -
Trade creditors 1,874,484 1,215,271
Taxation and social security 138,595 188,678
Other creditors 351,604 717,612
2,386,385 2,121,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 174,917 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
S H Clarke
Balance outstanding at start of year 119,618 8,816
Amounts advanced 220,548 138,051
Amounts repaid (84,617 ) (27,249 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 255,549 119,618

L A Thomason
Balance outstanding at start of year 88,571 8,329
Amounts advanced - 84,066
Amounts repaid (88,571 ) (3,824 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 88,571

10. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or not material.

11. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no material events up to the date of approval of the financial statements by the board.