Acorah Software Products - Accounts Production 12.4.002 false 31 December 2020 31 December 2021 31 December 2021 13106114 Mr Harvey Pope Mrs Sonia Pope Mr Richard Barton Mrs Tracey Barton Mr Jonathan Pope iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13106114 2020-12-30 13106114 2021-12-31 13106114 2020-12-31 2021-12-31 13106114 frs-core:CurrentFinancialInstruments 2021-12-31 13106114 frs-core:CurrentFinancialInstruments 2020-12-31 2021-12-31 13106114 frs-core:Non-currentFinancialInstruments 2021-12-31 13106114 frs-core:Non-currentFinancialInstruments 2020-12-31 2021-12-31 13106114 frs-core:CurrentFinancialInstruments 2020-12-31 2021-12-31 13106114 frs-core:CurrentFinancialInstruments 2021-12-31 13106114 frs-core:AfterOneYear 2020-12-31 2021-12-31 13106114 frs-core:BetweenOneFiveYears 2020-12-31 2021-12-31 13106114 frs-core:BetweenOneFiveYears 2021-12-31 13106114 frs-core:ComputerEquipment 2021-12-31 13106114 frs-core:ComputerEquipment 2020-12-31 2021-12-31 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Registered number: 13106114
Cleartel Solutions Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2021
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 13106114
2021
Notes £ £
FIXED ASSETS
Intangible Assets 3 60,000
Tangible Assets 4 16,000
76,000
CURRENT ASSETS
Stocks 89,030
Debtors 237,245
Cash at bank and in hand 334,204
660,479
Creditors: Amounts Falling Due Within One Year (198,742 )
NET CURRENT ASSETS (LIABILITIES) 461,737
TOTAL ASSETS LESS CURRENT LIABILITIES 537,737
NET ASSETS 537,737
CAPITAL AND RESERVES
Called up share capital 5 100
Profit and Loss Account 537,637
SHAREHOLDERS' FUNDS 537,737
Page 1
Page 2
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2021 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Harvey Pope
Director
Mrs Sonia Pope
Director
Mr Richard Barton
Director
Mrs Tracey Barton
Director
Mr Jonathan Pope
Director
12 August 2022
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5
5
3. Intangible Assets
Total
£
Cost
As at 31 December 2020 -
Additions 80,000
As at 31 December 2021 80,000
Amortisation
As at 31 December 2020 -
Provided during the period 20,000
As at 31 December 2021 20,000
Net Book Value
As at 31 December 2021 60,000
As at 31 December 2020 -
4. Tangible Assets
Total
£
Cost
As at 31 December 2020 -
Additions 20,000
As at 31 December 2021 20,000
Depreciation
As at 31 December 2020 -
Provided during the period 4,000
As at 31 December 2021 4,000
Net Book Value
As at 31 December 2021 16,000
As at 31 December 2020 -
5. Share Capital
2021
Allotted, Called up and fully paid 100
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Page 5
6. General Information
Cleartel Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13106114 . The registered office is Unit B, Brow Business Centre Copyground Lane, High Wycombe, HP12 3HE.
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