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Company Registration No. 11827104 (England and Wales)
Clarity Operations Ltd Unaudited accounts for the year ended 28 February 2023
Clarity Operations Ltd Unaudited accounts Contents
Page
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Clarity Operations Ltd Company Information for the year ended 28 February 2023
Directors
A. Damery S. Briginshaw
Company Number
11827104 (England and Wales)
Registered Office
SUITE 530 105 LONDON STREET READING RG1 4QD UNITED KINGDOM
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Clarity Operations Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,337 
3,728 
Current assets
Debtors
39,373 
66,014 
Cash at bank and in hand
22,486 
32,029 
61,859 
98,043 
Creditors: amounts falling due within one year
(71,585)
(38,495)
Net current (liabilities)/assets
(9,726)
59,548 
Total assets less current liabilities
(7,389)
63,276 
Creditors: amounts falling due after more than one year
(774,388)
(881,688)
Net liabilities
(781,777)
(818,412)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(781,779)
(818,414)
Shareholders' funds
(781,777)
(818,412)
For the year ending 28 February 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2023 and were signed on its behalf by
A. Damery Director Company Registration No. 11827104
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Clarity Operations Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Clarity Operations Ltd is a private company, limited by shares, registered in England and Wales, registration number 11827104. The registered office is SUITE 530, 105 LONDON STREET, READING, RG1 4QD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3%
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Clarity Operations Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
5,168 
At 28 February 2023
5,168 
Depreciation
At 1 March 2022
1,440 
Charge for the year
1,391 
At 28 February 2023
2,831 
Net book value
At 28 February 2023
2,337 
At 28 February 2022
3,728 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,039 
- 
Other debtors
38,334 
66,014 
39,373 
66,014 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
15,128 
8,370 
Taxes and social security
34,154 
30,125 
Other creditors
16,209 
- 
Accruals
6,094 
- 
71,585 
38,495 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,000 
50,000 
Obligations under finance leases and hire purchase contracts
1,275 
4,558 
Other creditors
723,113 
827,130 
774,388 
881,688 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200,000 Ordinary shares of £0.00001 each
2.00 
- 
Shares issued during the period:
199,998 Ordinary shares of £0.00001 each
1.99 
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Clarity Operations Ltd Notes to the Accounts for the year ended 28 February 2023
9
Average number of employees
During the year the average number of employees was 4 (2022: 6).
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