Clarke Fisher Limited - Accounts to registrar (filleted) - small 18.2

Clarke Fisher Limited - Accounts to registrar (filleted) - small 18.2

CLARKE FISHER LIMITED - Company Information

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REGISTERED NUMBER: 01078427 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

Clarke Fisher Limited
Clarke Fisher Limited (Registered number: 01078427)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clarke Fisher Limited

COMPANY INFORMATION
For The Year Ended 30 September 2019







DIRECTORS: B A Clarke
L M Palau





REGISTERED OFFICE: Bank Court
Manor Road
Verwood
Dorset
BH31 6DY





REGISTERED NUMBER: 01078427 (England and Wales)





ACCOUNTANTS: Grant Sellers
Chartered Accountants
Bank Court
Manor Road
Verwood
Dorset
BH31 6DY
Page 1
Clarke Fisher Limited (Registered number: 01078427)

BALANCE SHEET
30 September 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 360 4,484
Investments 5 243,750 243,750
244,110 248,234

CURRENT ASSETS
Stocks 2,235,909 2,235,909
Debtors 6 76,755 81,565
Cash at bank 125,910 103,046
2,438,574 2,420,520
CREDITORS
Amounts falling due within one year 7 1,169,501 1,176,448
NET CURRENT ASSETS 1,269,073 1,244,072
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,513,183
1,492,306

CAPITAL AND RESERVES
Called up share capital 25,500 25,500
Share premium 34,334 34,334
Retained earnings 1,453,349 1,432,472
SHAREHOLDERS' FUNDS 1,513,183 1,492,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Clarke Fisher Limited (Registered number: 01078427)

BALANCE SHEET - continued
30 September 2019


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 January 2020 and were signed on its behalf by:





L M Palau - Director


The notes form part of these financial statements

Page 3
Clarke Fisher Limited (Registered number: 01078427)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2019

1. STATUTORY INFORMATION

Clarke Fisher 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents sales of properties, excluding value added tax, and is recognised on the date of completion.
Turnover also includes short term rental income, inclusive of value added tax, and is recognised on an accruals
basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stock and work in progress
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 Income Statement, 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.

Investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset
investments are treated as part of the result from ordinary activities.


Jointly controlled enterprise
Where the company has entered into a jointly controlled operation with another entity, the company's share of the
turnover, costs, assets and liabilities of the jointly controlled enterprise are recognised in the financial statements
on a line by line basis.

Page 4 continued...
Clarke Fisher Limited (Registered number: 01078427)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2018 39,506 1,443 40,949
Disposals (39,506 ) - (39,506 )
At 30 September 2019 - 1,443 1,443
DEPRECIATION
At 1 October 2018 35,559 906 36,465
Charge for year 340 177 517
Eliminated on disposal (35,899 ) - (35,899 )
At 30 September 2019 - 1,083 1,083
NET BOOK VALUE
At 30 September 2019 - 360 360
At 30 September 2018 3,947 537 4,484

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2018
and 30 September 2019 243,750
NET BOOK VALUE
At 30 September 2019 243,750
At 30 September 2018 243,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 76,755 81,565

Included in other debtors are prepayments and accrued income of £41,264 (2018: £41,396)

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 232 1,001
Other creditors 1,169,269 1,175,447
1,169,501 1,176,448

Page 5 continued...
Clarke Fisher Limited (Registered number: 01078427)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors are accruals and deferred income of £2,500 (2018: £2860)

8. RELATED PARTY DISCLOSURES

At the year end, the company owes £928,167 (2018 - 928,285) to CPA (Bournemouth) Limited. This follows the
sale of the two properties comprising the jointly controlled operation referred to above. No interest is payable on
the liability.

At the balance sheet date the company owed £230,000 (2018 - £230,000) to a family group comprising of Mr
Clarke's children Mr S Clarke and Mrs L Avery and another family member Mrs S Clarke in respect of loans
made to the company. Interest is payable on these loans at a market rate.

Page 6