REGISTERED NUMBER: 04722036 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CLOAKE'S LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D P Cloake

SECRETARY:

C L Cloake

REGISTERED OFFICE:

Unit J, Forge Meadow Canterbury Road

Hawkinge

Folkestone

Kent

CT18 7JA

REGISTERED NUMBER:

04722036 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

FIXED ASSETS

Tangible assets

5

205,064

146,821

CURRENT ASSETS

Stocks

9,680

9,680

Debtors

6

2,262,065

1,673,242

Cash at bank

365,648

478,623

2,637,393

2,161,545

CREDITORS

Amounts falling due within one year

7

1,837,460

1,464,658

NET CURRENT ASSETS

799,933

696,887

TOTAL ASSETS LESS CURRENT LIABILITIES

1,004,997

843,708

CREDITORS

Amounts falling due after more than one year

8

(13,260

)

(7,840

)

PROVISIONS FOR LIABILITIES

(38,919

)

(27,241

)

NET ASSETS

952,818

808,627

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

951,818

807,627

952,818

808,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2026 and were signed by:

D P Cloake - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 5% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 17 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

23,447

76,329

243,797

343,573

Additions

-

15,558

75,955

91,513

At 31 March 2026

23,447

91,887

319,752

435,086

DEPRECIATION

At 1 April 2025

10,510

33,245

152,997

196,752

Charge for year

2,588

3,193

27,489

33,270

At 31 March 2026

13,098

36,438

180,486

230,022

NET BOOK VALUE

At 31 March 2026

10,349

55,449

139,266

205,064

At 31 March 2025

12,937

43,084

90,800

146,821

The net book value of assets held under hire purchase and finance lease arrangements is £59,982 (2025 - £53,552).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,162,110

1,572,831

Other debtors

99,955

100,411

2,262,065

1,673,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

14,580

15,186

Trade creditors

866,162

626,235

Taxation and social security

383,088

313,617

Other creditors

573,630

509,620

1,837,460

1,464,658

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

13,260

7,840

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

27,840

23,026

Finance leases and hire purchase agreements are secured on the assets concerned.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

D P Cloake

Balance outstanding at start of year

65,516

65,524

Amounts advanced

216,641

202,492

Amounts repaid

(217,000

)

(202,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65,157

65,516

The loan due from the Director is repayable on demand and interest is charged at 3.75% (2025 - 2.25%).