31/08/2021
2021-08-31
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No description of principal activities is disclosed
2020-09-01
Sage Accounts Production 21.0 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
12156874
2020-09-01
2021-08-31
12156874
2021-08-31
12156874
2020-08-31
12156874
2019-09-01
2020-08-31
12156874
2020-08-31
12156874
core:FurnitureFittingsToolsEquipment
2020-09-01
2021-08-31
12156874
bus:RegisteredOffice
2020-09-01
2021-08-31
12156874
bus:LeadAgentIfApplicable
2020-09-01
2021-08-31
12156874
bus:Director1
2020-09-01
2021-08-31
12156874
core:WithinOneYear
2021-08-31
12156874
core:WithinOneYear
2020-08-31
12156874
core:FurnitureFittingsToolsEquipment
2020-08-31
12156874
core:FurnitureFittingsToolsEquipment
2021-08-31
12156874
core:ShareCapital
2021-08-31
12156874
core:ShareCapital
2020-08-31
12156874
core:RetainedEarningsAccumulatedLosses
2021-08-31
12156874
core:RetainedEarningsAccumulatedLosses
2020-08-31
12156874
core:FurnitureFittingsToolsEquipment
2020-08-31
12156874
bus:Director1
2020-08-31
12156874
bus:Director1
2021-08-31
12156874
bus:Director1
2020-08-31
12156874
bus:Director1
2019-09-01
2020-08-31
12156874
bus:SmallEntities
2020-09-01
2021-08-31
12156874
bus:AuditExemptWithAccountantsReport
2020-09-01
2021-08-31
12156874
bus:FullAccounts
2020-09-01
2021-08-31
12156874
bus:SmallCompaniesRegimeForAccounts
2020-09-01
2021-08-31
12156874
bus:PrivateLimitedCompanyLtd
2020-09-01
2021-08-31
Company registration number:
12156874
Alex Clark Engineered Solutions Limited
Unaudited filleted financial statements
31 August 2021
ALEX CLARK ENGINEERED SOLUTIONS LIMITED
DIRECTORS AND OTHER INFORMATION
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Directors
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Mr Alexander Clark
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Company number
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12156874
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Registered office
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Hurtham Farm
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South Chard
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Chard
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Somerset
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TA20 2NT
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Accountants
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Thomas Westcott
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Timberly
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South Street
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Axminster
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Devon
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EX13 5AD
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ALEX CLARK ENGINEERED SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 AUGUST 2021
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31/08/21
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31/08/20
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Note
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£
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£
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£
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£
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Fixed assets
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|
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Tangible assets
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5
|
906
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|
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|
1,360
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|
|
|
|
|
_______
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|
|
|
_______
|
|
|
|
|
|
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|
906
|
|
|
|
1,360
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|
|
|
|
|
|
|
|
|
|
Current assets
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|
|
|
|
|
|
|
|
|
Cash at bank and in hand
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|
|
163
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|
2,521
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|
|
|
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|
_______
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|
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_______
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|
|
|
|
|
163
|
|
|
|
2,521
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
22,282)
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|
|
|
(
12,664)
|
|
|
|
|
|
_______
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|
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|
_______
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|
|
Net current liabilities
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|
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(
22,119)
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(
10,143)
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_______
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_______
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Total assets less current liabilities
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(
21,213)
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(
8,783)
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|
|
|
|
|
|
|
|
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_______
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_______
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Net liabilities
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(
21,213)
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|
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(
8,783)
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|
|
_______
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_______
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Capital and reserves
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Called up share capital
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1
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|
|
1
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Profit and loss account
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|
8
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|
|
(
21,214)
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|
|
|
(
8,784)
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|
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|
_______
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_______
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Shareholders deficit
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|
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|
(
21,213)
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(
8,783)
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|
|
_______
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_______
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For the year ending 31 August 2021 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 year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 May 2022
, and are signed on behalf of the board by:
Mr Alexander Clark
Director
Company registration number:
12156874
ALEX CLARK ENGINEERED SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hurtham Farm, South Chard, Chard, Somerset, TA20 2NT.
Principal activity
The principal activity of the company is that of engineering design services.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As at 31 August 2021, the company had net current liabilities of £22,119. The director has expressed his continued support of the company and therefore deems the going concenr basis of preparation to be appropriate.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment
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-
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25 %
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straight line
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Principal activity
The principal activity of the company is that of engineering design services.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
).
5.
Tangible assets
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Fixtures, fittings and equipment
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Total
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£
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£
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|
|
|
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Cost
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At 1 September 2020 and 31 August 2021
|
1,814
|
1,814
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_______
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_______
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Depreciation
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|
|
|
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|
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At 1 September 2020
|
454
|
454
|
|
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|
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Charge for the year
|
454
|
454
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|
|
|
|
|
|
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_______
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_______
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At 31 August 2021
|
908
|
908
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|
|
|
|
|
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_______
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_______
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Carrying amount
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|
|
|
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At 31 August 2021
|
906
|
906
|
|
|
|
|
|
|
|
_______
|
_______
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|
|
|
|
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At 31 August 2020
|
1,360
|
1,360
|
|
|
|
|
|
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_______
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_______
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|
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|
|
|
|
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6.
Cash and cash equivalents
|
|
|
31/08/21
|
31/08/20
|
|
|
|
£
|
£
|
|
Cash at bank and in hand
|
|
163
|
2,521
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
31/08/21
|
31/08/20
|
|
|
|
£
|
£
|
|
Accruals and deferred income
|
|
1,008
|
1,000
|
|
Other creditors
|
|
21,274
|
11,664
|
|
|
|
_______
|
_______
|
|
|
|
22,282
|
12,664
|
|
|
|
_______
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_______
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|
|
|
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8.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
9.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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Year ended 31/08/21
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Director
|
(
11,664)
|
(
9,610)
|
(
21,274)
|
|
|
|
|
|
_______
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_______
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_______
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Period ended 31/08/20
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Balance brought forward
|
Advances /(credits) to the directors
|
Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Director
|
-
|
(
11,664)
|
(
11,664)
|
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_______
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_______
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_______
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Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.