D W Clark & Sons Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

D W Clark & Sons Limited Registered number 01830396 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit F2 Beckingham Business Park, Beckingham Street, Tolleshunt Major, Maldon, Essex, CM9 8LZ.

The Financial Statements are presented in Sterling which is the functional currency of the company.

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 represents the amounts receivable for services provided, exclusive of Value Added Tax (VAT), and net of discounts and rebates. The company generates turnover from the following revenue streams:

Freight transport services
Warehousing and storage
Pick-and-pack and related fulfilment services
Handling, loading, and associated logistics services

In accordance with FRS 102 Section 1A and the revenue recognition principles in Section 23, turnover is recognised when the performance obligations have been satisfied, which occurs when the company has completed the work and provided the service to the customer.

Turnover is measured at the fair value of consideration receivable. Where invoices are raised in advance or in arrears, revenue is recognised to match the stage of completion of the service, and any amounts received in advance are recorded as deferred income, while unbilled revenue is recorded as accrued income.

All turnover is recognised net of UK VAT. VAT is accounted for in accordance with UK VAT regulations at the prevailing rates at the time the service is supplied.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Freehold	2% straight line basis
Plant & Machinery	30% reducing balance basis
Motor Vehicles	25% reducing balance basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and 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 profit and loss account as incurred.

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D W Clark & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Stocks and Work in Progress

This policy is prepared in accordance with FRS 102 Section 1A – Small Entities, and applies to liquid fuel stocks (e.g., diesel, petrol, AdBlue blends where relevant) held for consumption in the company’s haulage operations.

Liquid fuel is recognised as inventory when purchased and held for use in the company’s vehicles or on-site storage tank. Fuel is not purchased for resale and is therefore classified as consumable inventory. Cost is determined using the weighted average cost method, reflecting the commingled nature of liquid fuel in bulk tanks.

As fuel is held solely for consumption and not resale, estimated selling price is interpreted as replacement cost, where applicable, when assessing for impairment.

Fuel is charged to the profit and loss account as consumed, based on tank readings. Any abnormal losses (e.g., theft, contamination, spillage) are recognised immediately in the profit and loss account.

Fuel inventories are presented within Current Assets – Stocks. Disclosures are made in line with FRS 102 Section 1A regarding accounting policies and material judgements.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	17	18
Sales, marketing and distribution	51	56

	68	74

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	2,780,972	289,837	3,213,301	6,284,110
Additions	-	49,885	233,514	283,399
Disposals	-	(77,446 )	(429,481 )	(506,927 )

As at 31 March 2025	2,780,972	262,276	3,017,334	6,060,582

Depreciation
As at 1 April 2024	1,019,817	223,277	2,288,236	3,531,330
Provided during the period	53,390	34,716	283,613	371,719
Disposals	-	(76,719 )	(405,350 )	(482,069 )

As at 31 March 2025	1,073,207	181,274	2,166,499	3,420,980

...CONTINUED

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D W Clark & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	1,707,765	81,002	850,835	2,639,602

As at 1 April 2024	1,761,155	66,560	925,065	2,752,780

Included within land and buildings is £111,511 relating to land that is not subject to depreciation (2024 - £111,511).

Other land held by the company was included in the purchase price of the company's main site and has been subject to depreciation over the life of the building as it was not separately valued on acquisition. The same is true of Unit 5H, acquired in December 2016.

5. Investments

	Unlisted
	£
Cost
As at 1 April 2024	44,345

As at 31 March 2025	44,345

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	44,345

As at 1 April 2024	44,345

6. Stocks

	2025	2024
	£	£
Stock - fuel	3,000	6,500

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,306,514	1,173,321
Prepayments and accrued income	378,107	348,316
Amounts owed by other participating interests	-	1,027,000

	1,684,621	2,548,637

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	327,659	305,501
Trade creditors	1,014,945	757,059
Bank loans and overdrafts	719,721	610,192
Corporation tax	5,681	-
Other taxes and social security	210,218	156,990
Other creditors	13,788	18,876
Accruals and deferred income	46,854	63,013

	2,338,866	1,911,631

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D W Clark & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	404,375	527,991
Bank loans	1,203,998	1,321,780

	1,608,373	1,849,771

Of the creditors falling due within and after more than one year the following amounts are due after more than five years, repayable by instalments.

	2025		2024
	£		£
Bank loans	883,974		914,798

10. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

The bank loans (which are repayable by instalments) and the overdraft (which is repayable on demand) are secured by a fixed and floating charge over the company's assets.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	732,033	833,491
Bank loans and overdrafts	1,923,719	1,931,972

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	327,659	305,501
Later than one year and not later than five years	404,375	527,991

	732,034	833,492

	732,034	833,492

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	77	77

The share capital throughout the financial year comprised 1540 £0.05 ordinary shares.

13. Other Commitments

At the end of the period the company had minimum lease payments under non-cancellable leases as follows:

	2025	2024
	£	£
Not later than one year	88,782	59,527
Later than one year and not later than five years	267,053	175,752

	355,835	235,279

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D W Clark & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

14. Related Party Transactions

Dividends totalling £1,189,333 were declared to the holding company. Of this, £162,333 was paid on to holding company shareholders on its behalf and £1,027,000 was set against the balance owed to the trading company by the holding company following last year's Management Buy Out.

15. FRC's Ethical Standard - Provision Available for Small Entities

No non audit services are provided by the auditing firm.

16. Audit Information

The auditor's report on the accounts of D W Clark & Sons Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Oliver James White ACA (Senior Statutory Auditor) for and on behalf of Affinia , Statutory Auditor.

Affinia

The Octagon,Suite E2

Middleborough

Colchester

Essex

CO1 1TG

Page 7

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,639,602		2,752,780
Investments	5		44,345		44,345

			2,683,947		2,797,125
CURRENT ASSETS
Stocks	6	3,000		6,500
Debtors	7	1,684,621		2,548,637
Cash at bank and in hand		42,215		25,261

		1,729,836		2,580,398
Creditors: Amounts Falling Due Within One Year	8	(2,338,866 )		(1,911,631 )

NET CURRENT ASSETS (LIABILITIES)			(609,030 )		668,767

TOTAL ASSETS LESS CURRENT LIABILITIES			2,074,917		3,465,892

Creditors: Amounts Falling Due After More Than One Year	9		(1,608,373 )		(1,849,771 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(210,697 )		(187,470 )

NET ASSETS			255,847		1,428,651

CAPITAL AND RESERVES
Called up share capital	12		77		77
Capital redemption reserve			23		23
Profit and Loss Account			255,747		1,428,551

SHAREHOLDERS' FUNDS			255,847		1,428,651