Registration number:
Mark Clegg & Company Limited
for the Year Ended 31 March 2026
Mark Clegg & Company Limited
Contents
|
Company Information |
|
|
Statement of Financial Position |
|
|
Notes to the Unaudited Financial Statements |
Mark Clegg & Company Limited
Company Information
|
Directors |
Mrs L Ross Mr R Clegg |
|
Registered office |
|
|
Accountants |
|
Mark Clegg & Company Limited
(Registration number: 06101848)
Statement of Financial Position as at 31 March 2026
|
Note |
2026 |
2025 |
|
|
Fixed assets |
|||
|
Intangible assets |
- |
|
|
|
Tangible assets |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Capital redemption reserve |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Mark Clegg & Company Limited
(Registration number: 06101848)
Statement of Financial Position as at 31 March 2026 (continued)
|
......................................... |
|
......................................... |
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
|
2 |
Accounting policies (continued) |
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
20% on cost |
|
Fixtures and fittings |
20% on cost |
|
Motor vehicles |
20% on cost |
|
Office equipment |
33% on cost |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation
Computer software is being amortised evenly over its estimated useful life of five years.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
|
2 |
Accounting policies (continued) |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
|
Intangible assets |
|
Goodwill |
Computer software |
Total |
|
|
Cost or valuation |
|||
|
At 1 April 2025 |
|
|
|
|
At 31 March 2026 |
|
|
|
|
Amortisation |
|||
|
At 1 April 2025 |
|
|
|
|
Amortisation charge |
- |
|
|
|
At 31 March 2026 |
|
|
|
|
Carrying amount |
|||
|
At 31 March 2026 |
- |
- |
- |
|
At 31 March 2025 |
- |
|
|
|
Tangible assets |
|
Fixtures and fittings |
Plant and machinery |
Office equipment |
Motor vehicles |
||
|
Cost or valuation |
|||||
|
At 1 April 2025 |
|
|
|
|
|
|
Additions |
- |
|
- |
|
|
|
Disposals |
- |
- |
- |
( |
|
|
At 31 March 2026 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 April 2025 |
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
( |
|
|
At 31 March 2026 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 March 2026 |
- |
|
|
|
|
|
At 31 March 2025 |
- |
|
|
|
|
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
|
5 |
Tangible assets (continued) |
|
Total |
|||||
|
Cost or valuation |
|||||
|
At 1 April 2025 |
|
||||
|
Additions |
|
||||
|
Disposals |
( |
||||
|
At 31 March 2026 |
|
||||
|
Depreciation |
|||||
|
At 1 April 2025 |
|
||||
|
Charge for the year |
|
||||
|
Eliminated on disposal |
( |
||||
|
At 31 March 2026 |
|
||||
|
Carrying amount |
|||||
|
At 31 March 2026 |
|
||||
|
At 31 March 2025 |
|
||||
Fixed assets, included in the above, which are held under hire purchase contracts had a net book value of £32,356 (2025 - £53,314).
|
Debtors |
|
Current |
2026 |
2025 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
|
|
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Taxation and social security |
|
|
|
|
Accruals and deferred income |
|
|
|
|
Other creditors |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
Note |
2026 |
2025 |
|
|
Due after one year |
|||
|
Loans and borrowings |
- |
|
|
Loans and borrowings |
Non-current loans and borrowings
|
2026 |
2025 |
|
|
Hire purchase contracts |
- |
|
Current loans and borrowings
|
2026 |
2025 |
|
|
Bank overdrafts |
- |
|
|
Hire purchase contracts |
|
|
|
|
|
|
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
|
9 |
Obligations under leases and hire purchase contracts (continued) |
|
2026 |
2025 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
|
Related party transactions |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Mark Clegg & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)
|
10 |
Related party transactions (continued) |
Ultimate controlling party
The controlling party is Clegg's Food Service Limited.