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REGISTERED NUMBER: 14574072 (England and Wales)

















Clarks Watch Repairs Ltd

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025






Clarks Watch Repairs Ltd (Registered number: 14574072)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clarks Watch Repairs Ltd

COMPANY INFORMATION
for the Year Ended 30 April 2025







DIRECTORS: Mr P T Clark
Mr M D L Clark





REGISTERED OFFICE: 34 Brook Street
Hull
HU2 8LA





REGISTERED NUMBER: 14574072 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Clarks Watch Repairs Ltd (Registered number: 14574072)

BALANCE SHEET
30 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,340 1,859

CURRENT ASSETS
Stocks 5 13,000 12,500
Debtors 6 7,286 1,773
Cash at bank and in hand 9,286 4,845
29,572 19,118
CREDITORS
Amounts falling due within one year 7 30,932 11,477
NET CURRENT (LIABILITIES)/ASSETS (1,360 ) 7,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20

)

9,500

PROVISIONS FOR LIABILITIES 229 143
NET (LIABILITIES)/ASSETS (249 ) 9,357

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (449 ) 9,157
SHAREHOLDERS' FUNDS (249 ) 9,357

Clarks Watch Repairs Ltd (Registered number: 14574072)

BALANCE SHEET - continued
30 April 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:




Mr P T Clark - Director



Mr M D L Clark - Director


Clarks Watch Repairs Ltd (Registered number: 14574072)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Clarks Watch Repairs Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Clarks Watch Repairs Ltd (Registered number: 14574072)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2024
and 30 April 2025 1,000 1,195 319 2,514
DEPRECIATION
At 1 May 2024 250 299 106 655
Charge for year 188 224 107 519
At 30 April 2025 438 523 213 1,174
NET BOOK VALUE
At 30 April 2025 562 672 106 1,340
At 30 April 2024 750 896 213 1,859

5. STOCKS
2025 2024
£    £   
Stocks 13,000 12,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 4,077 -
Prepayments 3,209 1,773
7,286 1,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 410 260
Tax - 2,475
Social security and other taxes 67 -
VAT 3,367 -
Other creditors 75 -
Directors' current accounts 23,745 6,629
Accruals 3,268 2,113
30,932 11,477

8. GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £249. The applicability of going concern is dependant upon the continued financial support of the directors. There are no indications this support will cease.