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REGISTERED NUMBER: 06128975 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Clear Financial Services (UK) Limited

Clear Financial Services (UK) Limited (Registered number: 06128975)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clear Financial Services (UK) Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: SW Struthers
JM Swann
LS Hawthorn





REGISTERED OFFICE: The Old Police House
Cooks Road
Elmswell
Bury St Edmunds
Suffolk
IP30 9DB





REGISTERED NUMBER: 06128975 (England and Wales)





ACCOUNTANTS: KPSK Accounts and Tax Limited
8 Manor Park
Church Road
Gt Barton
Bury St Edmunds
Suffolk
IP31 2QR

Clear Financial Services (UK) Limited (Registered number: 06128975)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,191 3,112
Investments 5 10,000 10,000
12,191 13,112

CURRENT ASSETS
Debtors 6 129,514 106,965
Cash at bank 193,203 204,533
322,717 311,498
CREDITORS
Amounts falling due within one year 7 71,992 80,673
NET CURRENT ASSETS 250,725 230,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,916

243,937

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,816 243,837
SHAREHOLDERS' FUNDS 262,916 243,937

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.

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 29 November 2023 and were signed on its behalf by:




SW Struthers - Director JM Swann - Director



LS Hawthorn - Director


Clear Financial Services (UK) Limited (Registered number: 06128975)

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


1. STATUTORY INFORMATION

Clear Financial Services (UK) 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.

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.
Plant and machinery - 20% on reducing balance

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.

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 8 (2022 - 7 ) .

Clear Financial Services (UK) Limited (Registered number: 06128975)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 8,771 7,671 16,442
Additions - 1,431 1,431
Disposals (4,676 ) (3,290 ) (7,966 )
At 31 March 2023 4,095 5,812 9,907
DEPRECIATION
At 1 April 2022 8,356 4,974 13,330
Charge for year 415 1,937 2,352
Eliminated on disposal (4,676 ) (3,290 ) (7,966 )
At 31 March 2023 4,095 3,621 7,716
NET BOOK VALUE
At 31 March 2023 - 2,191 2,191
At 31 March 2022 415 2,697 3,112

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 10,000
At 31 March 2022 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 75,501 80,517
Other debtors 53,941 26,376
Prepayments and accrued income 72 72
129,514 106,965

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 1,756 1,755
Tax 30,083 39,890
Social security and other taxes 8,423 4,681
Other creditors 30,880 33,497
Accrued expenses 850 850
71,992 80,673