Registered number
09578570
Clearwater Associates Ltd
Report and Accounts
31 May 2023
Clearwater Associates Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Clearwater Associates Ltd for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clearwater Associates Ltd for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
Nottinghamshire
NG8 2BE
12 October 2023
Clearwater Associates Ltd
Registered number: 09578570
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 104 310
Current assets
Stocks - 12,336
Debtors 4 894 80
Cash at bank and in hand 88,189 81,724
89,083 94,140
Creditors: amounts falling due within one year 5 (17,796) (18,156)
Net current assets 71,287 75,984
Net assets 71,391 76,294
Capital and reserves
Called up share capital 10 10
Profit and loss account 71,381 76,284
Shareholders' funds 71,391 76,294
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.
PG Phillips
Director
Approved by the board on 12 October 2023
Clearwater Associates Ltd
Notes to the Accounts
for the year ended 31 May 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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 3 years straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 3,140
Additions 66
At 31 May 2023 3,206
Depreciation
At 1 June 2022 2,830
Charge for the year 272
At 31 May 2023 3,102
Net book value
At 31 May 2023 104
At 31 May 2022 310
4 Debtors 2023 2022
£ £
Trade debtors 894 -
Other debtors - 80
894 80
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 8,281 11,880
Other taxes and social security costs 7,505 4,497
Other creditors 2,010 1,779
17,796 18,156
6 Other information
Clearwater Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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