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Company Registration No. 12173839 (England and Wales)
CLEVERSPARK LTD Unaudited accounts for the year ended 31 August 2023
CLEVERSPARK LTD Unaudited accounts Contents
Page
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CLEVERSPARK LTD Company Information for the year ended 31 August 2023
Director
Stephen McGourty
Company Number
12173839 (England and Wales)
Registered Office
8A ST. PETERS RISE BRISTOL BS13 7LY ENGLAND
Accountants
Space Advisory and Accountancy Limited 19 Malago Drive Bristol BS3 5DR
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CLEVERSPARK LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,541 
395 
Current assets
Debtors
7,949 
4,640 
Cash at bank and in hand
(5,761)
(3,980)
2,188 
660 
Creditors: amounts falling due within one year
(10,322)
(773)
Net current liabilities
(8,134)
(113)
Total assets less current liabilities
10,407 
282 
Creditors: amounts falling due after more than one year
(17,532)
- 
Provisions for liabilities
Deferred tax
- 
(51)
Net (liabilities)/assets
(7,125)
231 
Capital and reserves
Share premium
1 
1 
Profit and loss account
(7,126)
230 
Shareholders' funds
(7,125)
231 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2024 and were signed on its behalf by
Stephen McGourty Director Company Registration No. 12173839
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CLEVERSPARK LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
CLEVERSPARK LTD is a private company, limited by shares, registered in England and Wales, registration number 12173839. The registered office is 8A ST. PETERS RISE, BRISTOL, BS13 7LY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
- 
790 
790 
Additions
23,012 
- 
23,012 
At 31 August 2023
23,012 
790 
23,802 
Depreciation
At 1 September 2022
- 
395 
395 
Charge for the year
4,603 
263 
4,866 
At 31 August 2023
4,603 
658 
5,261 
Net book value
At 31 August 2023
18,409 
132 
18,541 
At 31 August 2022
- 
395 
395 
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CLEVERSPARK LTD Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
999 
Trade debtors
- 
306 
Deferred tax asset
1,643 
Other debtors
6,306 
3,335 
7,949 
4,640 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,252 
- 
Obligations under finance leases and hire purchase contracts
3,786 
- 
Trade creditors
4,684 
907 
Taxes and social security
- 
(734)
Accruals
600 
600 
10,322 
773 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
17,532 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Stephen McGourty
Loan
3,026 
8,175 
5,205 
5,996 
3,026 
8,175 
5,205 
5,996 
Interest on the directors loan is charged in line with HMRC guidance
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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