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REGISTERED NUMBER: 09074009 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CLEAR FUTURE WEALTH MANAGEMENT LIMITED

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEAR FUTURE WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A Melia





REGISTERED OFFICE: 59 Wostenholm Road
Sheffield
S7 1LE





REGISTERED NUMBER: 09074009 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,535 26,504
Investments 5 24,827 25,812
47,362 52,316

CURRENT ASSETS
Debtors 6 25,000 10,246
Cash at bank 10,111 57,157
35,111 67,403
CREDITORS
Amounts falling due within one year 7 33,801 46,362
NET CURRENT ASSETS 1,310 21,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,672

73,357

CREDITORS
Amounts falling due after more than
one year

8

(40,374

)

(38,116

)

PROVISIONS FOR LIABILITIES (4,269 ) (4,650 )
NET ASSETS 4,029 30,591

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

BALANCE SHEET - continued
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 10 (52 ) (1,642 )
Retained earnings 4,071 32,223
SHAREHOLDERS' FUNDS 4,029 30,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 director and authorised for issue on 23 November 2023 and were signed by:





A Melia - Director


CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Clear Future Wealth Management 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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.

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 29,303 380 29,683
DEPRECIATION
At 1 March 2022 2,799 380 3,179
Charge for year 3,969 - 3,969
At 28 February 2023 6,768 380 7,148
NET BOOK VALUE
At 28 February 2023 22,535 - 22,535
At 28 February 2022 26,504 - 26,504

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 25,812
Additions 8,449
Disposals (11,396 )
Revaluations 1,962
At 28 February 2023 24,827
NET BOOK VALUE
At 28 February 2023 24,827
At 28 February 2022 25,812

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2022 (2,026 )
Valuation in 2023 1,962
Cost 24,891
24,827

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 25,000 -
Other debtors - 10,246
25,000 10,246

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 6,910 9,566
Taxation and social security 2,920 18,668
Other creditors 23,971 18,128
33,801 46,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 40,374 38,116

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 4,800 4,800

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

10. RESERVES
Fair
value
reserve
£   
At 1 March 2022 (1,642 )
Fair value movement 1,590

At 28 February 2023 (52 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
A Melia
Balance outstanding at start of year - 31,526
Amounts repaid - (31,526 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Melia.