Clear Contract Services Ltd - Filleted accounts

Registered number

06602607

Clear Contract Services Ltd

Filleted Accounts

31 March 2023

Clear Contract Services Ltd
Registered number:		06602607
Balance Sheet
as at 31 March 2023

Notes			2023			2022
£				£
Fixed assets
Tangible assets	4		39,550			23,943

Current assets
Debtors	5	29,681			22,170
Cash at bank and in hand		14,976			33,889
		44,657			56,059

Creditors: amounts falling due within one year	6	(22,421)			(22,448)

Net current assets			22,236			33,611

Total assets less current liabilities			61,786			57,554

Creditors: amounts falling due after more than one year	7		(16,798)			(18,398)



Net assets			44,988			39,156

Capital and reserves
Called up share capital			100			100
Profit and loss account			44,888			39,056

Shareholders' funds			44,988			39,156

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P.J.Kemp
Director
Approved by the board on 11 August 2023

Clear Contract Services Ltd
Notes to the Accounts
for the year ended 31 March 2023


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 rendering of services and 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% on cost
	Motor vehicles			25% on cost
	Office and computer equipment			15% on cost

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution stakeholder scheme are expensed in the period to which they relate.


2	Employees					2023		2022
Number							Number

	Average number of persons employed by the company					5		4


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2022							18,000
	At 31 March 2023							18,000

	Amortisation
	At 1 April 2022							18,000
	At 31 March 2023							18,000

	Net book value
	At 31 March 2023							-

	Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.


4	Tangible fixed assets
		Plant and machinery		Motor vehicles		Office and computer equipment		Total
£			£		£		£
	Cost
	At 1 April 2022	4,030		45,357		3,707		53,094
	Additions	-		32,364		-		32,364
	Disposals	-		(17,216)		-		(17,216)
	At 31 March 2023	4,030		60,505		3,707		68,242

	Depreciation
	At 1 April 2022	3,680		23,538		1,933		29,151
	Charge for the year	175		16,001		313		16,489
	On disposals	-		(16,948)		-		(16,948)
	At 31 March 2023	3,855		22,591		2,246		28,692

	Net book value
	At 31 March 2023	175		37,914		1,461		39,550
	At 31 March 2022	350		21,819		1,774		23,943


5	Debtors					2023		2022
£							£

	Trade debtors					29,681		22,170


6	Creditors: amounts falling due within one year					2023		2022
£							£

	Trade creditors					302		683
	Corporation tax					3,544		4,722
	Other taxes and social security costs					18,255		17,043
	Director's current account					320		-
						22,421		22,448


7	Creditors: amounts falling due after one year					2023		2022
£							£

	Bank loans					3,173		3,966
	Obligations under finance lease and hire purchase contracts					13,625		14,432
						16,798		18,398


8	Other information

	Clear Contract Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Accountancy House
	4 Priory Road
	Kenilworth
	Warwickshire
	CV8 1LL