J W Clark Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

J W Clark Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04620779 . The registered office is Thistle Down Barn Holcot Lane, Sywell, Northampton, Northamptonshire, NN6 0BG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

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:

Improvements	Straight line over 5 years
Plant & Machinery	at varying rates on cost
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	at varying rates on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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.

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J W Clark Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.7. Taxation

The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.

The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 in respect of all timing differences that have originated but not reversed at 30 April 2025.

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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at fair value.

3. Average Number of Employees

Average number of employees, excluding directors, during the year was: 16 (2024: 16)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	15,500

As at 30 April 2025	15,500

Amortisation
As at 1 May 2024	15,500

As at 30 April 2025	15,500

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	-

5. Tangible Assets

	Land & Property
	Improvements	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 May 2024	38,242	495,489	783,011	20,267	1,337,009
Additions	-	4,837	27,333	1,765	33,935
Disposals	-	(157,350 )	(141,500 )	-	(298,850 )
Transfers	-	(29,440 )	29,440	-	-

As at 30 April 2025	38,242	313,536	698,284	22,032	1,072,094

...CONTINUED

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J W Clark Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

Depreciation
As at 1 May 2024	37,912	205,010	403,715	14,606	661,243
Provided during the period	165	36,797	79,566	1,267	117,795
Disposals	-	(52,481 )	(88,463 )	-	(140,944 )
Transfers	-	(14,605 )	14,605	-	-

As at 30 April 2025	38,077	174,721	409,423	15,873	638,094

Net Book Value
As at 30 April 2025	165	138,815	288,861	6,159	434,000

As at 1 May 2024	330	290,479	379,296	5,661	675,766

The net book value of tangible fixed assets includes £307,743 (2024 - £539,259) in respect of assets held under hire purchase contracts.

6. Stocks

	2025	2024
	£	£
Stock	30,582	30,229

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	149,168	222,015
Amounts owed by group undertakings	153,130	8,280
Other debtors	33,166	98,466

	335,464	328,761

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	106,624	156,847
Trade creditors	211,418	244,456
Bank loans and overdrafts	66,397	23,742
Other loans	34,001	48,751
Other creditors	23,395	32,481
Taxation and social security	220,688	239,350

	662,523	745,627

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	102,599	196,046
Bank loans	1,159	29,217

	103,758	225,263

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J W Clark Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

10. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	209,086		352,893

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	106,624	156,847
Later than one year and not later than five years	102,599	196,046

	209,223	352,893

	209,223	352,893

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2025
	£	£	£	£	£
Mr John Clark	86,844	135,635	(229,882 )	-	(7,402 )

Interest was charged on this balance at a rate of 2.25%. The director's loan was repaid within 9 months of the year end.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		434,000		675,766
Investments			1		1

			434,001		675,767
CURRENT ASSETS
Stocks	6	30,582		30,229
Debtors	7	335,464		328,761
Cash at bank and in hand		50,384		56,211

		416,430		415,201
Creditors: Amounts Falling Due Within One Year	8	(662,523 )		(745,627 )

NET CURRENT ASSETS (LIABILITIES)			(246,093 )		(330,426 )

TOTAL ASSETS LESS CURRENT LIABILITIES			187,908		345,341

Creditors: Amounts Falling Due After More Than One Year	9		(103,758 )		(225,263 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(84,083 )		(119,417 )

NET ASSETS			67		661

CAPITAL AND RESERVES
Called up share capital	12		2		2
Profit and Loss Account			65		659

SHAREHOLDERS' FUNDS			67		661