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REGISTERED NUMBER: 08021438 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

CLARITY BUSINESS STRATEGIES LIMITED

CLARITY BUSINESS STRATEGIES LIMITED (REGISTERED NUMBER: 08021438)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARITY BUSINESS STRATEGIES LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: N M Smillie
A Munoz Freire





REGISTERED OFFICE: 19 Mylor Road
Ecclesall
Sheffield
South Yorkshire
S11 7PF





REGISTERED NUMBER: 08021438 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

CLARITY BUSINESS STRATEGIES LIMITED (REGISTERED NUMBER: 08021438)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,882 3,604

CURRENT ASSETS
Debtors 5 5,175 18,391
Cash at bank 65,140 79,683
70,315 98,074
CREDITORS
Amounts falling due within one year 6 47,648 66,392
NET CURRENT ASSETS 22,667 31,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,549

35,286

PROVISIONS FOR LIABILITIES 547 901
NET ASSETS 25,002 34,385

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 24,902 34,285
SHAREHOLDERS' FUNDS 25,002 34,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CLARITY BUSINESS STRATEGIES LIMITED (REGISTERED NUMBER: 08021438)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:




N M Smillie - Director



A Munoz Freire - Director


CLARITY BUSINESS STRATEGIES LIMITED (REGISTERED NUMBER: 08021438)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Clarity Business Strategies 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents invoiced marketing and consultancy services, excluding value added tax. Turnover is recognised in accordance with the contract terms, with contracts ongoing over the year end treated in accordance with the accounting policy set out below under the heading "work in progress".

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 - 20% on reducing balance
Computer equipment - 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.

CLARITY BUSINESS STRATEGIES LIMITED (REGISTERED NUMBER: 08021438)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Work in progress
Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract, at the year end.

Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 2,601 6,724 9,325
DEPRECIATION
At 1 October 2022 1,490 4,231 5,721
Charge for year 499 223 722
At 30 September 2023 1,989 4,454 6,443
NET BOOK VALUE
At 30 September 2023 612 2,270 2,882
At 30 September 2022 1,111 2,493 3,604

CLARITY BUSINESS STRATEGIES LIMITED (REGISTERED NUMBER: 08021438)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 5,175 18,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Corporation tax 7,990 14,622
VAT 2,389 13,690
Directors' current accounts 4,239 2,689
Accruals and deferred income 33,030 35,391
47,648 66,392

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100