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Report of the Director and |
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Financial Statements |
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for the Year Ended 31st January 2016 |
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for |
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K.D. CLARK LIMITED |
REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements |
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for the Year Ended 31st January 2016 |
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for |
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K.D. CLARK LIMITED |
K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Contents of the Financial Statements |
for the year ended 31st January 2016 |
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Page |
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Company Information | 1 |
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Report of the Director | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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K.D. CLARK LIMITED |
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Company Information |
for the year ended 31st January 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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BANKERS: |
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K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Report of the Director |
for the year ended 31st January 2016 |
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The director presents his report with the financial statements of the company for the year ended 31st January 2016. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of motor engineering. |
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DIVIDENDS |
An interim dividend of £69.61 per share was paid on 31st January 2016. The director recommends that no final dividend
be paid. |
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The total distribution of dividends for the year ended 31st January 2016 will be £ 6,961 . |
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DIRECTOR |
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His beneficial interest in the issued share capital of the company was as follows: |
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31/1/16 | 1/2/15 |
Ordinary £1 shares | 100 | 100 |
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ON BEHALF OF THE BOARD: |
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K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Profit and Loss Account |
for the year ended 31st January 2016 |
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31/1/16 | 31/1/15 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT | 2 |
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Interest receivable and similar income |
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PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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Retained profit brought forward |
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7,013 | 11,620 |
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Dividends | 4 | ( |
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RETAINED PROFIT CARRIED
FORWARD |
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K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Balance Sheet |
31st January 2016 |
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31/1/16 | 31/1/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Balance Sheet - continued |
31st January 2016 |
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The financial statements were approved by the director on
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K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Notes to the Financial Statements |
for the year ended 31st January 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31/1/16 | 31/1/15 |
£ | £ |
Depreciation - owned assets |
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Director's remuneration |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
31/1/16 | 31/1/15 |
£ | £ |
Current tax: |
UK corporation tax |
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Deferred tax | ( |
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Tax on profit on ordinary activities |
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K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Notes to the Financial Statements - continued |
for the year ended 31st January 2016 |
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4. | DIVIDENDS |
31/1/16 | 31/1/15 |
£ | £ |
Ordinary shares of £1 each |
Interim |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st February 2015 |
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Additions |
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At 31st January 2016 |
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DEPRECIATION |
At 1st February 2015 |
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Charge for year |
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At 31st January 2016 |
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NET BOOK VALUE |
At 31st January 2016 |
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At 31st January 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/16 | 31/1/15 |
£ | £ |
Trade debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/16 | 31/1/15 |
£ | £ |
Tax |
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VAT |
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Directors' current accounts |
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Accrued expenses |
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8. | PROVISIONS FOR LIABILITIES |
31/1/16 | 31/1/15 |
£ | £ |
Deferred tax |
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K.D. CLARK LIMITED (REGISTERED NUMBER: 03202231) |
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Notes to the Financial Statements - continued |
for the year ended 31st January 2016 |
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8. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1st February 2015 |
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Accelerated capital allowances | ( |
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Balance at 31st January 2016 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/16 | 31/1/15 |
value: | £ | £ |
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Ordinary | £1 |
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10. | RELATED PARTY DISCLOSURES |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is
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