Company registration number 01901208 (England and Wales)
JOHN CLARK VALVES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
JOHN CLARK VALVES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
JOHN CLARK VALVES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
279,760
349,057
Current assets
Stocks
1,610,056
1,568,997
Debtors
4
382,710
364,280
Cash at bank and in hand
877,311
522,348
2,870,077
2,455,625
Creditors: amounts falling due within one year
5
(1,017,483)
(918,745)
Net current assets
1,852,594
1,536,880
Total assets less current liabilities
2,132,354
1,885,937
Creditors: amounts falling due after more than one year
6
-
(46,073)
Net assets
2,132,354
1,839,864
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,132,254
1,839,764
Total equity
2,132,354
1,839,864
JOHN CLARK VALVES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
Mr H A T Roberts
Director
Company registration number 01901208 (England and Wales)
JOHN CLARK VALVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

John Clark Valves Limited is a private company limited by shares incorporated in England and Wales. The registered office is Portrack Grange Road, Portrack Industrial Estate, Stockton-on-Tees, TS18 2PH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% and 10% on cost
Plant and equipment
10% and 25% on cost
Fixtures and fittings
25% reducing balance and 10% on cost
Computers
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

JOHN CLARK VALVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions 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 cost 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 any 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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 cost, 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. A m ounts 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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

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

JOHN CLARK VALVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

JOHN CLARK VALVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees
2025
2024
Number
Number
Total
8
7
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
308,081
193,516
501,597
Additions
-
0
1,938
1,938
Disposals
-
0
(90,216)
(90,216)
At 31 March 2025
308,081
105,238
413,319
Depreciation and impairment
At 1 April 2024
46,296
106,244
152,540
Depreciation charged in the year
5,396
9,881
15,277
Eliminated in respect of disposals
-
0
(34,258)
(34,258)
At 31 March 2025
51,692
81,867
133,559
Carrying amount
At 31 March 2025
256,389
23,371
279,760
At 31 March 2024
261,785
87,272
349,057
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
371,062
356,382
Other debtors
11,648
7,898
382,710
364,280
JOHN CLARK VALVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
676,192
519,489
Taxation and social security
158,480
162,067
Other creditors
182,811
237,189
1,017,483
918,745
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
-
0
46,073
7
Secured creditors

Obligations under finance leases totalling £nil (2024 : £55,148) are secured on the assets to which they relate.

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
24,098
-
0
2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr H A T Roberts Mr J A T Roberts 01901208 2024-04-01 2025-03-31 01901208 2025-03-31 01901208 2024-03-31 01901208 core:LandBuildings 2025-03-31 01901208 core:OtherPropertyPlantEquipment 2025-03-31 01901208 core:LandBuildings 2024-03-31 01901208 core:OtherPropertyPlantEquipment 2024-03-31 01901208 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01901208 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01901208 core:ShareCapital 2025-03-31 01901208 core:ShareCapital 2024-03-31 01901208 core:RetainedEarningsAccumulatedLosses 2025-03-31 01901208 core:RetainedEarningsAccumulatedLosses 2024-03-31 01901208 bus:Director1 2024-04-01 2025-03-31 01901208 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01901208 core:PlantMachinery 2024-04-01 2025-03-31 01901208 core:FurnitureFittings 2024-04-01 2025-03-31 01901208 core:ComputerEquipment 2024-04-01 2025-03-31 01901208 core:MotorVehicles 2024-04-01 2025-03-31 01901208 2023-04-01 2024-03-31 01901208 core:LandBuildings 2024-03-31 01901208 core:OtherPropertyPlantEquipment 2024-03-31 01901208 2024-03-31 01901208 core:LandBuildings 2024-04-01 2025-03-31 01901208 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 01901208 core:CurrentFinancialInstruments 2025-03-31 01901208 core:CurrentFinancialInstruments 2024-03-31 01901208 core:WithinOneYear 2025-03-31 01901208 core:WithinOneYear 2024-03-31 01901208 core:Non-currentFinancialInstruments 2025-03-31 01901208 core:Non-currentFinancialInstruments 2024-03-31 01901208 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01901208 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01901208 bus:FRS102 2024-04-01 2025-03-31 01901208 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01901208 bus:Director2 2024-04-01 2025-03-31 01901208 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP