Company No: 05115079 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	0		375
Tangible assets	4	24,528		23,531
		24,528		23,906
Current assets
Stocks	5	393,850		28,000
Debtors	6	606,829		869,172
Cash at bank and in hand		70,899		212,610
		1,071,578		1,109,782
Creditors: amounts falling due within one year	7	( 653,788)		( 710,315)
Net current assets		417,790		399,467
Total assets less current liabilities		442,318		423,373
Creditors: amounts falling due after more than one year	8	( 1,324)		( 13,783)
Net assets		440,994		409,590
Capital and reserves
Called-up share capital		60		60
Other reserves		30		30
Profit and loss account		440,904		409,500
Total shareholders' funds		440,994		409,590

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Clinkard Ltd (registered number: 05115079) were approved and authorised for issue by the Board of Directors on 29 April 2026. They were signed on its behalf by:

J N Clinkard Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clinkard Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Abbey Enterprise Centre, Premier Way, Romsey, Hampshire, SO51 9AQ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

4 years straight line

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	3 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	3 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		4

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 May 2024	6,000		6,000
At 30 April 2025	6,000		6,000
Accumulated amortisation
At 01 May 2024	5,625		5,625
Charge for the financial year	375		375
At 30 April 2025	6,000		6,000
Net book value
At 30 April 2025	0		0
At 30 April 2024	375		375

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 May 2024	70,722		7,440		19,150		24,978		14,461		136,751
Additions	0		586		11,300		0		333		12,219
At 30 April 2025	70,722		8,026		30,450		24,978		14,794		148,970
Accumulated depreciation
At 01 May 2024	70,722		6,470		5,386		24,978		5,664		113,220
Charge for the financial year	0		572		5,795		0		4,855		11,222
At 30 April 2025	70,722		7,042		11,181		24,978		10,519		124,442
Net book value
At 30 April 2025	0		984		19,269		0		4,275		24,528
At 30 April 2024	0		970		13,764		0		8,797		23,531

5. Stocks

	2025		2024
	£		£
Stocks	393,850		28,000

6. Debtors

	2025		2024
	£		£
Trade debtors	108,387		336,747
Other debtors	498,442		532,425
	606,829		869,172

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	43,518		10,000
Trade creditors	394,327		349,212
Taxation and social security	100,826		18,586
Obligations under finance leases and hire purchase contracts (secured)	2,917		5,000
Other creditors	112,200		327,517
	653,788		710,315

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,324		10,866
Obligations under finance leases and hire purchase contracts (secured)	0		2,917
	1,324		13,783

Loans under hire purchase are secured against the assets to which they relate.

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Key management	217,437		199,078

Interest has been charged at the HMRC beneficial rate on any amounts overdrawn.