Company registration number SC080373 (Scotland)
JOHN P CLARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
JOHN P CLARK LIMITED
COMPANY INFORMATION
Directors
D Clark
S Clark
A Grant
Secretary
A Grant
Company number
SC080373
Registered office
Kinnahaird Farm
Contin
Strathpeffer
Ross-Shire
United Kingdom
IV14 9EB
Accountants
Azets
10 Ardross Street
Inverness
United Kingdom
IV3 5NS
JOHN P CLARK LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
JOHN P CLARK LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,077,579
1,127,025
Current assets
Stocks
725,932
525,552
Debtors
4
52,111
36,085
Cash at bank and in hand
149,797
36,226
927,840
597,863
Creditors: amounts falling due within one year
5
(176,142)
(131,072)
Net current assets
751,698
466,791
Total assets less current liabilities
1,829,277
1,593,816
Creditors: amounts falling due after more than one year
6
(575,457)
(607,590)
Provisions for liabilities
(33,684)
(14,876)
Net assets
1,220,136
971,350
Capital and reserves
Called up share capital
10,676
10,676
Share premium account
76,500
76,500
Profit and loss reserves
1,132,960
884,174
Total equity
1,220,136
971,350
JOHN P CLARK LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -

For the financial year ended 31 October 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 income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 April 2026 and are signed on its behalf by:
D Clark
Director
Company registration number SC080373 (Scotland)
JOHN P CLARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

John P Clark Limited is a private company limited by shares incorporated in Scotland. The registered office is Kinnahaird Farm, Contin, Strathpeffer, Ross-Shire, United Kingdom, IV14 9EB.

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
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
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.

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

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 property
2% on cost
Plant and machinery
15% on cost and 5% on cost
Fixtures and fittings
20% on cost
Motor vehicles
20% on cost

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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
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.

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.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

JOHN P CLARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
1.8
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 statement of financial position 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.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Dividends payable on equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

JOHN P CLARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 6 -
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 income statement, 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.

1.11
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.

1.12
Retirement benefits

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
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 statement of financial position 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.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.15

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year which they are incurred.

JOHN P CLARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
1,076,754
1,015,089
20,428
282,377
2,394,648
Additions
-
0
101,439
994
-
0
102,433
Disposals
(66,639)
(1,500)
-
0
-
0
(68,139)
At 31 October 2025
1,010,115
1,115,028
21,422
282,377
2,428,942
Depreciation and impairment
At 1 November 2024
443,517
582,205
20,049
221,852
1,267,623
Depreciation charged in the year
21,091
76,914
528
15,217
113,750
Eliminated in respect of disposals
(29,598)
(412)
-
0
-
0
(30,010)
At 31 October 2025
435,010
658,707
20,577
237,069
1,351,363
Carrying amount
At 31 October 2025
575,105
456,321
845
45,308
1,077,579
At 31 October 2024
633,237
432,884
379
60,525
1,127,025

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

2025
2024
£
£
Plant and machinery
205,311
171,535
Motor vehicles
40,210
59,375
245,521
230,910
JOHN P CLARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 8 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,338
Other debtors
36,014
20,204
Prepayments and accrued income
16,097
14,543
52,111
36,085
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
6,667
10,000
Obligations under finance leases
68,216
68,829
Trade creditors
48,065
45,203
Corporation tax
46,061
-
0
Other taxation and social security
2,943
2,940
Accruals and deferred income
4,190
4,100
176,142
131,072
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
6,666
Obligations under finance leases
88,034
96,567
Other creditors
487,423
504,357
575,457
607,590

Bank loans included unsecured funding. Unsecured loans represents Bounce Back Funding received during the coronavirus pandemic.

Finance lease contracts are secured over the assets to which they pertain.

JOHN P CLARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 9 -
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
108,964
104,507
Tax losses
(75,280)
(89,631)
33,684
14,876
2025
Movements in the year:
£
Liability at 1 November 2024
14,876
Charge to profit or loss
18,808
Liability at 31 October 2025
33,684
8
Directors' transactions

During the year the directors advanced funds to the company totalling £11,381 (20 2 4 - £nil) and the directors withdrew funds from the company totalling £28,315 (20 2 4 - £7,000).

The amount due to the directors at the balance sheet date was £487,423 (20 2 4 - £504,357) and is included within other creditors falling due after more than one year.

No interest is charged on loans from directors.

2025-10-31 2024-11-01 false false false 06 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity D Clark S Clark A Grant A Grant SC080373 2024-11-01 2025-10-31 SC080373 bus:Director1 2024-11-01 2025-10-31 SC080373 bus:Director2 2024-11-01 2025-10-31 SC080373 bus:CompanySecretaryDirector1 2024-11-01 2025-10-31 SC080373 bus:CompanySecretary1 2024-11-01 2025-10-31 SC080373 bus:Director3 2024-11-01 2025-10-31 SC080373 bus:RegisteredOffice 2024-11-01 2025-10-31 SC080373 2025-10-31 SC080373 2024-10-31 SC080373 core:LandBuildings core:OwnedOrFreeholdAssets 2025-10-31 SC080373 core:PlantMachinery 2025-10-31 SC080373 core:FurnitureFittings 2025-10-31 SC080373 core:MotorVehicles 2025-10-31 SC080373 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 SC080373 core:PlantMachinery 2024-10-31 SC080373 core:FurnitureFittings 2024-10-31 SC080373 core:MotorVehicles 2024-10-31 SC080373 core:WithinOneYear 2025-10-31 SC080373 core:WithinOneYear 2024-10-31 SC080373 core:AfterOneYear 2025-10-31 SC080373 core:AfterOneYear 2024-10-31 SC080373 core:CurrentFinancialInstruments 2025-10-31 SC080373 core:CurrentFinancialInstruments 2024-10-31 SC080373 core:Non-currentFinancialInstruments 2025-10-31 SC080373 core:Non-currentFinancialInstruments 2024-10-31 SC080373 core:ShareCapital 2025-10-31 SC080373 core:ShareCapital 2024-10-31 SC080373 core:SharePremium 2025-10-31 SC080373 core:SharePremium 2024-10-31 SC080373 core:RetainedEarningsAccumulatedLosses 2025-10-31 SC080373 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC080373 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 SC080373 core:PlantMachinery 2024-11-01 2025-10-31 SC080373 core:FurnitureFittings 2024-11-01 2025-10-31 SC080373 core:MotorVehicles 2024-11-01 2025-10-31 SC080373 2023-11-01 2024-10-31 SC080373 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 SC080373 core:PlantMachinery 2024-10-31 SC080373 core:FurnitureFittings 2024-10-31 SC080373 core:MotorVehicles 2024-10-31 SC080373 2024-10-31 SC080373 core:Non-currentFinancialInstruments 1 2025-10-31 SC080373 core:Non-currentFinancialInstruments 1 2024-10-31 SC080373 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC080373 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 SC080373 bus:FRS102 2024-11-01 2025-10-31 SC080373 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 SC080373 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP