Registered number
11199724
Clarity Audio Visual Solutions Limited
Filleted Accounts
28 February 2023
Clarity Audio Visual Solutions Limited
Registered number: 11199724
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,951 7,841
Current assets
Debtors 4 1,116 761
Cash at bank and in hand 12,594 17,397
13,710 18,158
Creditors: amounts falling due within one year 5 (17,981) (5,394)
Net current (liabilities)/assets (4,271) 12,764
Total assets less current liabilities 13,680 20,605
Creditors: amounts falling due after more than one year 6 (12,042) (19,676)
Net assets 1,638 929
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,538 829
Shareholders' funds 1,638 929
The director is 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 director acknowledges his 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.
Mr N Walker
Director
Approved by the board on 17 March 2022
Clarity Audio Visual Solutions Limited
Notes to the Accounts
for the year ended 28 February 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 4,225 9,500 13,725
Additions - 16,093 16,093
At 28 February 2023 4,225 25,593 29,818
Depreciation
At 1 March 2022 1,728 4,156 5,884
Charge for the year 624 5,359 5,983
At 28 February 2023 2,352 9,515 11,867
Net book value
At 28 February 2023 1,873 16,078 17,951
At 28 February 2022 2,497 5,344 7,841
4 Debtors 2023 2022
£ £
Trade debtors 1,116 761
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,961 -
Obligations under finance lease and hire purchase contracts 12,739 -
Taxation and social security costs 2,281 5,394
17,981 5,394
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 4,563
Other creditors 12,042 15,113
12,042 19,676
7 Controlling party
The ultimate controlling party during the period was Mr Nicholas Walker.
8 Other information
Clarity Audio Visual Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Deighton Drive
Wetherby
LS22 7AE
Clarity Audio Visual Solutions Limited 11199724 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 Mr N Walker No description of principal activity 11199724 2021-03-01 2022-02-28 11199724 core:WithinOneYear 2022-02-28 11199724 core:AfterOneYear 2022-02-28 11199724 core:ShareCapital 2022-02-28 11199724 core:RetainedEarningsAccumulatedLosses 2022-02-28 11199724 2022-03-01 2023-02-28 11199724 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11199724 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11199724 bus:Director40 2022-03-01 2023-02-28 11199724 1 2022-03-01 2023-02-28 11199724 2 2022-03-01 2023-02-28 11199724 core:PlantMachinery 2022-03-01 2023-02-28 11199724 core:Vehicles 2022-03-01 2023-02-28 11199724 countries:England 2022-03-01 2023-02-28 11199724 bus:FRS102 2022-03-01 2023-02-28 11199724 bus:FullAccounts 2022-03-01 2023-02-28 11199724 2023-02-28 11199724 core:WithinOneYear 2023-02-28 11199724 core:AfterOneYear 2023-02-28 11199724 core:ShareCapital 2023-02-28 11199724 core:RetainedEarningsAccumulatedLosses 2023-02-28 11199724 core:PlantMachinery 2023-02-28 11199724 core:Vehicles 2023-02-28 11199724 2022-02-28 11199724 core:PlantMachinery 2022-02-28 11199724 core:Vehicles 2022-02-28 iso4217:GBP xbrli:pure