H CLARKE & SONS LIMITED


Directors	CLARKE, Richard Peter
	SMITH, Ashley
	WATSON, Craig


Company Secretary	HOUSTON-CLARKE, Hazel Laura


Registered Address	2 Moxon Court
	Thurston Road
	Northallerton
	DL6 2NG


Registered Number	04643501 (England and Wales)

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	5
Plant and machinery	25	-
Fixtures and fittings	15	-
Vehicles	-	5
Office Equipment	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	54		107

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 October 24	38,109	38,109
At 30 September 25	38,109	38,109
Amortisation and impairment
At 01 October 24	30,604	30,604
At 30 September 25	30,604	30,604
Net book value
At 30 September 25	7,505	7,505
At 30 September 24	7,505	7,505

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 October 24	233,424	219,561	1,330,967	57,662	174,420	2,016,034
Additions	-	-	389,187	-	3,398	392,585
Disposals	-	-	(665,036)	-	(836)	(665,872)
At 30 September 25	233,424	219,561	1,055,118	57,662	176,982	1,742,747
Depreciation and impairment
At 01 October 24	128,410	181,795	677,487	36,057	151,336	1,175,085
Charge for year	18,843	11,609	133,787	2,804	9,003	176,046
On disposals	-	-	(458,334)	-	-	(458,334)
At 30 September 25	147,253	193,404	352,940	38,861	160,339	892,797
Net book value
At 30 September 25	86,171	26,157	702,178	18,801	16,643	849,950
At 30 September 24	105,014	37,766	653,480	21,605	23,084	840,949

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	829,516	699,221
Other debtors	581,774	563,460
Prepayments and accrued income	15,000	145,202
Total	1,426,290	1,407,883

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	506,248	748,376
Bank borrowings and overdrafts	398,108	545,344
Taxation and social security	94,964	88,652
Finance lease and HP contracts	491,948	217,759
Other creditors	646,211	602,865
Accrued liabilities and deferred income	6,786	24,752
Total	2,144,265	2,227,748


	Hire Purchase creditors are secured by the asset to which they relate.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	41,924	155,038
Other creditors	219,631	219,631
Total	261,555	374,669


	Included in Other creditors are hire purchase liabilities of £219,631 (2025: £219,631). Assets held under hire purchase are secured against the assets to which they relate

8.	Secured creditors
	The following secured debts are included within creditors: Bank overdrafts £241,186 (2024: £255,110), Hire purchase contracts £711,579 (2024: £437,390). HSBC Bank Plc hold a fixed and floating charge over the company assets. R P Clarke has given a personal guarantee in respect of a loan granted to the company.

9.	Provisions for liabilities
	The provision for deferred tax is made up of £190,900 (2024 - £202,413) in respect of accelerated capital allowances

	2025	2024
	£	£
Net deferred tax liability (asset)	190,900	202,413
Total	190,900	202,413

10.	Operating lease commitments
	At 30 September 2025 the company had future minimum lease payments under non-cancellable operating leases of £87,209 (2024 - £171,509).

11.	Further information regarding the company's financial position
	The directors acknowledge that these accounts were filed later than the statutory deadline. The delay arose as a result of an unforeseen software outage which affected the preparation and electronic submission of the accounts. Upon identification of the issue, corrective action was taken promptly and the accounts were submitted at the earliest opportunity.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		7,505		7,505
Tangible assets	4		849,950		840,949
			857,455		848,454
Current assets
Stocks		745,615		979,238
Debtors	5	1,426,290		1,407,883
Cash at bank and on hand		45,044		967
		2,216,949		2,388,088
Creditors amounts falling due within one year	6	(2,144,265)		(2,227,748)
Net current assets (liabilities)			72,684		160,340
Total assets less current liabilities			930,139		1,008,794
Creditors amounts falling due after one year	7		(261,555)		(374,669)
Provisions for liabilities	9		(190,900)		(202,413)
Net assets			477,684		431,712
Capital and reserves
Called up share capital			112		112
Profit and loss account			477,572		431,600
Shareholders' funds			477,684		431,712