Registered number
08986174
CLUE HQ LTD
Filleted Accounts
for the year ended
31 March 2023
CLUE HQ LTD
Registered number: 08986174
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,210 11,306
Current assets
Debtors 4 109,280 71,303
Cash at bank and in hand 57,338 105,088
166,618 176,391
Creditors: amounts falling due within one year 5 (91,554) (49,686)
Net current assets 75,064 126,705
Total assets less current liabilities 85,274 138,011
Creditors: amounts falling due after more than one year 6 (32,389) (79,094)
Net assets 52,885 58,917
Capital and reserves
Called up share capital 1 1
Profit and loss account 52,884 58,916
Shareholder's funds 52,885 58,917
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 member has 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.
S J Rowlands
Director
Approved by the board on 9 August 2023
CLUE HQ LTD
Notes to the Accounts
for the year ended 31 March 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:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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 21 33
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 51,349
Additions 2,307
At 31 March 2023 53,656
Depreciation
At 1 April 2022 40,043
Charge for the year 3,403
At 31 March 2023 43,446
Net book value
At 31 March 2023 10,210
At 31 March 2022 11,306
4 Debtors 2023 2022
£ £
Other debtors 109,280 71,303
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 400 -
Corporation tax 8,225 20,593
Other taxes and social security costs 32,573 17,512
Other creditors 50,356 11,581
91,554 49,686
6 Creditors: amounts falling due after one year 2023 2022
£ £
Director's loan account - 37,000
Bounce back loan 32,389 42,094
32,389 79,094
7 Other information
CLUE HQ LTD is a private company limited by shares and incorporated in England. Its registered office is:
10 Crown Street
Warrington
WA1 2AE
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