1 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,104 540 5,644 4,868 414 5,282 362 236 xbrli:pure xbrli:shares iso4217:GBP 09152592 2022-08-01 2023-07-31 09152592 2023-07-31 09152592 2022-07-31 09152592 2021-08-01 2022-07-31 09152592 2022-07-31 09152592 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 09152592 bus:Director1 2022-08-01 2023-07-31 09152592 core:WithinOneYear 2023-07-31 09152592 core:WithinOneYear 2022-07-31 09152592 core:ShareCapital 2023-07-31 09152592 core:ShareCapital 2022-07-31 09152592 core:RetainedEarningsAccumulatedLosses 2023-07-31 09152592 core:RetainedEarningsAccumulatedLosses 2022-07-31 09152592 bus:SmallEntities 2022-08-01 2023-07-31 09152592 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09152592 bus:FullAccounts 2022-08-01 2023-07-31 09152592 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09152592 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09152592 bus:OrdinaryShareClass1 2023-07-31 09152592 bus:OrdinaryShareClass1 2022-07-31 09152592 core:ComputerEquipment 2022-08-01 2023-07-31 09152592 core:ComputerEquipment 2022-07-31 09152592 core:ComputerEquipment 2023-07-31
COMPANY REGISTRATION NUMBER: 09152592
CLEAROUTCOMES AND CHANGE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2023
CLEAROUTCOMES AND CHANGE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
CLEAROUTCOMES AND CHANGE LIMITED
BALANCE SHEET
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
362
236
Current assets
Debtors
6
91
1,388
Cash at bank and in hand
18
95
------------
------------
109
1,483
Creditors: amounts falling due within one year
7
( 16,433)
( 1,932)
------------
------------
Net current liabilities
( 16,324)
( 449)
------------
------------
Total assets less current liabilities
( 15,962)
( 213)
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
( 16,062)
( 313)
------------
------------
Shareholders deficit
( 15,962)
( 213)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 October 2023 , and are signed on behalf of the board by:
D P Forbes
Director
Company registration number: 09152592
CLEAROUTCOMES AND CHANGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Salisbury House, Pinch Clough Road, Rossendale, Lancashire, BB4 9RT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
5. Tangible assets
Computer equipment
£
Cost
At 1 August 2022
5,104
Additions
540
------------
At 31 July 2023
5,644
------------
Depreciation
At 1 August 2022
4,868
Charge for the year
414
------------
At 31 July 2023
5,282
------------
Carrying amount
At 31 July 2023
362
------------
At 31 July 2022
236
------------
6. Debtors
2023
2022
£
£
Corporation tax repayable
1,301
Other debtors
91
87
------------
------------
91
1,388
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Director loan accounts
16,433
1,932
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
The directors' loan of £16,433 (2022: £1,932) set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the directors.
10. Going concern
The director has indicated that he will provide adequate working capital to enable the company to continue to trade for at least 12 months from the date of approval of these financial statements. Consequently, the accounts have been prepared on a going concern basis.