Company registration number 09946894 (England and Wales)
CLEAR SAFETY SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
CLEAR SAFETY SERVICES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CLEAR SAFETY SERVICES LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
27,434
29,254
Current assets
Stocks
65,522
21,250
Debtors
5
227,577
301,800
Investments
6
4,638
4,638
297,737
327,688
Creditors: amounts falling due within one year
7
(151,153)
(148,566)
Net current assets
146,584
179,122
Total assets less current liabilities
174,018
208,376
Creditors: amounts falling due after more than one year
8
(34,239)
(43,474)
Provisions for liabilities
(5,212)
7,743
Net assets
134,567
172,645
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
134,566
172,644
Total equity
134,567
172,645

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CLEAR SAFETY SERVICES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2023
31 January 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 16 March 2023 and are signed on its behalf by:
Mr S P Letley
Mr M W Westby
Director
Director
Company Registration No. 09946894
CLEAR SAFETY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Clear Safety Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 18/20 Canterbury Road, Whitstable, Kent, CT5 4EY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CLEAR SAFETY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expenses as they fall due.
1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 24 (2022 - 17).

2023
2022
Number
Number
Total
24
17
CLEAR SAFETY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2022
3,112
35,143
9,950
48,205
Additions
537
6,511
-
0
7,048
At 31 January 2023
3,649
41,654
9,950
55,253
Depreciation and impairment
At 1 February 2022
1,577
13,021
4,353
18,951
Depreciation charged in the year
311
7,158
1,399
8,868
At 31 January 2023
1,888
20,179
5,752
27,819
Carrying amount
At 31 January 2023
1,761
21,475
4,198
27,434
At 31 January 2022
1,535
22,122
5,597
29,254
4
Financial instruments
2023
2022
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
4,638
4,638
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
160,345
234,568
Other debtors
67,232
67,232
227,577
301,800
6
Current asset investments
2023
2022
£
£
Other investments
4,638
4,638
CLEAR SAFETY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 6 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
8,142
4,070
Corporation tax
-
0
53,971
Other taxation and social security
134,575
79,182
Other creditors
8,436
11,343
151,153
148,566
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
34,239
43,474
2023-01-312022-02-01false16 March 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr Stuart Paul LetleyMr Matthew William Westby099468942022-02-012023-01-31099468942023-01-31099468942022-01-3109946894core:PlantMachinery2023-01-3109946894core:ComputerEquipment2023-01-3109946894core:MotorVehicles2023-01-3109946894core:PlantMachinery2022-01-3109946894core:ComputerEquipment2022-01-3109946894core:MotorVehicles2022-01-3109946894core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3109946894core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3109946894core:Non-currentFinancialInstrumentscore:AfterOneYear2023-01-3109946894core:Non-currentFinancialInstrumentscore:AfterOneYear2022-01-3109946894core:CurrentFinancialInstruments2023-01-3109946894core:CurrentFinancialInstruments2022-01-3109946894core:ShareCapital2023-01-3109946894core:ShareCapital2022-01-3109946894core:RetainedEarningsAccumulatedLosses2023-01-3109946894core:RetainedEarningsAccumulatedLosses2022-01-3109946894bus:Director12022-02-012023-01-3109946894bus:Director22022-02-012023-01-3109946894core:PlantMachinery2022-02-012023-01-3109946894core:ComputerEquipment2022-02-012023-01-3109946894core:MotorVehicles2022-02-012023-01-31099468942021-02-012022-01-3109946894core:PlantMachinery2022-01-3109946894core:ComputerEquipment2022-01-3109946894core:MotorVehicles2022-01-31099468942022-01-3109946894core:WithinOneYear2023-01-3109946894core:WithinOneYear2022-01-3109946894core:Non-currentFinancialInstruments2023-01-3109946894core:Non-currentFinancialInstruments2022-01-3109946894bus:PrivateLimitedCompanyLtd2022-02-012023-01-3109946894bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-3109946894bus:FRS1022022-02-012023-01-3109946894bus:AuditExemptWithAccountantsReport2022-02-012023-01-3109946894bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP