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REGISTERED NUMBER: 04321833 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 March 2023

for

Clarity In Sound Light And Vision
Limited

Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

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


Clarity In Sound Light And Vision
Limited

Company Information
For The Year Ended 31 March 2023







DIRECTOR: S Bull





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 04321833 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,697 7,196

CURRENT ASSETS
Stocks 38,189 45,863
Debtors 5 83,989 84,007
Cash at bank and in hand 64,672 175,153
186,850 305,023
CREDITORS
Amounts falling due within one year 6 126,126 131,849
NET CURRENT ASSETS 60,724 173,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,421

180,370

CREDITORS
Amounts falling due after more than one
year

7

(78,033

)

(81,728

)

PROVISIONS FOR LIABILITIES 9 (2,954 ) (691 )
NET ASSETS 4,434 97,951

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings (5,566 ) 87,951
SHAREHOLDERS' FUNDS 4,434 97,951

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 director acknowledges his 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.

Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





S Bull - Director


Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

Notes to the Financial Statements
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Clarity In Sound Light And Vision 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - in equal instalments over the lease term
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 - 345 14,808
Additions 9,699 - -
Disposals - - -
At 31 March 2023 9,699 345 14,808
DEPRECIATION
At 1 April 2022 - 325 14,627
Charge for year 162 5 45
Eliminated on disposal - - -
At 31 March 2023 162 330 14,672
NET BOOK VALUE
At 31 March 2023 9,537 15 136
At 31 March 2022 - 20 181

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 24,566 28,062 67,781
Additions 13,995 - 23,694
Disposals (5,500 ) - (5,500 )
At 31 March 2023 33,061 28,062 85,975
DEPRECIATION
At 1 April 2022 20,194 25,439 60,585
Charge for year 4,346 656 5,214
Eliminated on disposal (4,521 ) - (4,521 )
At 31 March 2023 20,019 26,095 61,278
NET BOOK VALUE
At 31 March 2023 13,042 1,967 24,697
At 31 March 2022 4,372 2,623 7,196

Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 19,066
Additions 13,995
Transfer to ownership (19,066 )
At 31 March 2023 13,995
DEPRECIATION
At 1 April 2022 15,673
Charge for year 3,499
Transfer to ownership (15,673 )
At 31 March 2023 3,499
NET BOOK VALUE
At 31 March 2023 10,496
At 31 March 2022 3,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,872 76,568
Other debtors 40,117 7,439
83,989 84,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,333 50,000
Hire purchase contracts 3,474 -
Trade creditors 61,604 13,450
Taxation and social security 20,261 58,803
Other creditors 7,454 9,596
126,126 131,849

Included within bank loans and overdrafts is a loan taken out under the CBILS scheme.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 33,333
Hire purchase contracts 7,817 -
Other creditors 70,216 48,395
78,033 81,728

Included within bank loans is a loan taken out under the CBILS scheme

Clarity In Sound Light And Vision
Limited (Registered number: 04321833)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 11,291 -

Assets held under finance leases and hire purchase agreements are secured on the assets concerned.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,954 691

Deferred
tax
£   
Balance at 1 April 2022 691
Charge to Statement of Income and Retained Earnings during year 2,263
Balance at 31 March 2023 2,954

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

11. 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
£    £   
S Bull
Balance outstanding at start of year - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -