A E Clark Toys (Isle of Wight) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01314168 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

A E Clark Toys (Isle of Wight) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Avery

Mrs A C Brightwell

REGISTERED OFFICE:

16c Sandown Road

Lake

Sandown

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

01314168 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

FIXED ASSETS

Tangible assets

4

99,471

98,297

CURRENT ASSETS

Debtors

5

8,071

563

Cash at bank

38,979

34,566

47,050

35,129

CREDITORS

Amounts falling due within one year

6

5,166

2,674

NET CURRENT ASSETS

41,884

32,455

TOTAL ASSETS LESS CURRENT LIABILITIES

141,355

130,752

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Retained earnings

140,345

129,742

141,355

130,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 and authorised for issue on 30 September 2022 and were signed on its behalf by:

S R Avery - Director

1.	STATUTORY INFORMATION

A E Clark Toys (Isle of Wight) 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.	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 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 each asset over its estimated useful life.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2021

93,919

11,672

105,591

Additions

-

2,426

2,426

At 31 March 2022

93,919

14,098

108,017

DEPRECIATION

At 1 April 2021

-

7,294

7,294

Charge for year

-

1,252

1,252

At 31 March 2022

-

8,546

8,546

NET BOOK VALUE

At 31 March 2022

93,919

5,552

99,471

At 31 March 2021

93,919

4,378

98,297

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

8,071

563

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Taxation and social security

2,692

651

Other creditors

2,474

2,023

5,166

2,674