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REGISTERED NUMBER: 02910523 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Clever Adviser Technology Limited

Clever Adviser Technology Limited (Registered number: 02910523)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clever Adviser Technology Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs N Cornish
S De Rycke
G A Roberts
Dr H N Shirman
C G A Wilde
S A Quiligotti
P Boughton
G J Cliff





SECRETARY: G A Roberts





REGISTERED OFFICE: Watergate House
85 Watergate Street
Chester
Cheshire
CH1 2LF





REGISTERED NUMBER: 02910523 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Clever Adviser Technology Limited (Registered number: 02910523)

Balance Sheet
31 March 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 19,222 21,904
Tangible assets 5 106,419 141,359
125,641 163,263

CURRENT ASSETS
Debtors 6 506,289 670,176
Cash at bank and in hand 1,310,496 1,593,638
1,816,785 2,263,814
CREDITORS
Amounts falling due within one year 7 (205,095 ) (385,020 )
NET CURRENT ASSETS 1,611,690 1,878,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,737,331

2,042,057

CREDITORS
Amounts falling due after more than one year 8 (33,340 ) (58,338 )

PROVISIONS FOR LIABILITIES (146,601 ) (146,588 )
NET ASSETS 1,557,390 1,837,131

CAPITAL AND RESERVES
Called up share capital 204 206
Share premium 417,943 417,943
Capital redemption reserve 1 -
Retained earnings 1,139,242 1,418,982
SHAREHOLDERS' FUNDS 1,557,390 1,837,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Clever Adviser Technology Limited (Registered number: 02910523)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





C G A Wilde - Director


Clever Adviser Technology Limited (Registered number: 02910523)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Clever Adviser Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised as the services are provided, excluding value added tax.

Intangible fixed assets
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value may not be fully recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Tangible fixed assets are included at cost less accumulated depreciation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred in accordance with SSAP 13.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

Clever Adviser Technology Limited (Registered number: 02910523)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 April 2022 320,663
Additions 5,664
At 31 March 2023 326,327
AMORTISATION
At 1 April 2022 298,759
Charge for year 8,346
At 31 March 2023 307,105
NET BOOK VALUE
At 31 March 2023 19,222
At 31 March 2022 21,904

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2022 240,507
Additions 4,175
Disposals (269 )
At 31 March 2023 244,413
DEPRECIATION
At 1 April 2022 99,148
Charge for year 38,973
Eliminated on disposal (127 )
At 31 March 2023 137,994
NET BOOK VALUE
At 31 March 2023 106,419
At 31 March 2022 141,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 57,819 68,681
Other debtors 448,470 601,495
506,289 670,176

Clever Adviser Technology Limited (Registered number: 02910523)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 24,997 24,997
Trade creditors 43,352 40,295
Taxation and social security 77,590 211,421
Other creditors 59,156 108,307
205,095 385,020

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts 33,340 58,338

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
C G A Wilde
Balance outstanding at start of year (24,116 ) -
Amounts advanced 21,064 10,544
Amounts repaid (5,000 ) (34,660 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,052 ) (24,116 )

10. RELATED PARTY DISCLOSURES

Included in other debtors is £119,604 (2022 £119,591) owed from Clever Funds Limited, a company in which Mr C G A Wilde is also a director and shareholder.

11. ULTIMATE CONTROLLING PARTY

During the year ended 31 March 2023, Mr C G A Wilde controlled the company by virtue of having significant influence or control.