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COMPANY REGISTRATION NUMBER: 14397161
Clearwatercomms Limited
Filleted Unaudited Financial Statements
31 October 2023
Clearwatercomms Limited
Statement of Financial Position
31 October 2023
2023
Note
£
Fixed assets
Tangible assets
5
579
Creditors: amounts falling due within one year
6
( 6,976)
------------
Net current liabilities
( 6,976)
------------
Total assets less current liabilities
( 6,397)
------------
Net liabilities
( 6,397)
------------
Clearwatercomms Limited
Statement of Financial Position (continued)
31 October 2023
2023
Note
£
Capital and reserves
Called up share capital
1
Profit and loss account
( 6,398)
------------
Shareholders deficit
( 6,397)
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 November 2023 , and are signed on behalf of the board by:
Mr B Doree
Director
Company registration number: 14397161
Clearwatercomms Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 72 River Way, Loughton, Essex, IG10 3LH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 November 2021.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 .
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 November 2022
Additions
579
579
------------
------------
At 31 October 2023
579
579
------------
------------
Depreciation
At 1 November 2022 and 31 October 2023
------------
------------
Carrying amount
At 31 October 2023
579
579
------------
------------
6. Creditors: amounts falling due within one year
2023
£
Corporation tax
5,311
Other creditors
1,665
------------
6,976
------------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr B Doree
( 1,185)
( 1,185)
------------
------------
------------