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REGISTERED NUMBER: 04859813 (England and Wales)















Financial Statements for the Year Ended 28 February 2017

for

Clarkes Stores Limited
Clarkes Stores Limited (Registered number: 04859813)






Contents of the Financial Statements
for the Year Ended 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Clarkes Stores Limited

Company Information
for the Year Ended 28 February 2017







DIRECTORS: Mr K Singh
Mrs H Kaur



SECRETARY: Mrs H Kaur



REGISTERED OFFICE: The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW



REGISTERED NUMBER: 04859813 (England and Wales)



ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW



BANKERS: HSBC
PO Box 68
130 New Street
Birmingham
West Midlands
B2 4JU
Clarkes Stores Limited (Registered number: 04859813)

Balance Sheet
28 February 2017

28.2.17 29.2.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 109,500 112,500
Tangible assets 5 9,012 10,135
118,512 122,635

CURRENT ASSETS
Stocks 6 127,375 98,250
Cash at bank and in hand 6,751 10,072
134,126 108,322
CREDITORS
Amounts falling due within one year 7 238,936 230,374
NET CURRENT LIABILITIES (104,810 ) (122,052 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,702

583

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,700 581
SHAREHOLDERS' FUNDS 13,702 583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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.
Clarkes Stores Limited (Registered number: 04859813)

Balance Sheet - continued
28 February 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 5 September 2017 and were signed on its behalf by:





Mr K Singh - Director

Clarkes Stores Limited (Registered number: 04859813)

Notes to the Financial Statements
for the Year Ended 28 February 2017

1. STATUTORY INFORMATION

Clarkes Stores 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Clarkes Stores Limited (Registered number: 04859813)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

2. ACCOUNTING POLICIES - continued

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 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2016
and 28 February 2017 150,000
AMORTISATION
At 1 March 2016 37,500
Charge for year 3,000
At 28 February 2017 40,500
NET BOOK VALUE
At 28 February 2017 109,500
At 29 February 2016 112,500

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 March 2016
and 28 February 2017 19,592 17,818 37,410
DEPRECIATION
At 1 March 2016 11,351 15,924 27,275
Charge for year 649 474 1,123
At 28 February 2017 12,000 16,398 28,398
NET BOOK VALUE
At 28 February 2017 7,592 1,420 9,012
At 29 February 2016 8,241 1,894 10,135

6. STOCKS
28.2.17 29.2.16
£    £   
Stocks 127,375 98,250
Clarkes Stores Limited (Registered number: 04859813)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade creditors 107,430 103,598
Tax 6,612 5,249
Social security and other taxes 327 374
VAT 3,467 891
Directors' current accounts 121,100 120,262
238,936 230,374

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Singh and Mrs H Kaur.

9. FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial statements under previous
UK GAAP were for the year ended 29 February 2016 and the date of transition to FRS 102 was 1 March 2015. There were
no changes in accounting policies under FRS 102 which were applicable to the company.


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