Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312022-04-01falseConsultancy11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03387971 2022-04-01 2023-03-31 03387971 2021-04-01 2022-03-31 03387971 2023-03-31 03387971 2022-03-31 03387971 c:Director1 2022-04-01 2023-03-31 03387971 d:PlantMachinery 2022-04-01 2023-03-31 03387971 d:PlantMachinery 2023-03-31 03387971 d:PlantMachinery 2022-03-31 03387971 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03387971 d:FurnitureFittings 2022-04-01 2023-03-31 03387971 d:FurnitureFittings 2023-03-31 03387971 d:FurnitureFittings 2022-03-31 03387971 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03387971 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03387971 d:CurrentFinancialInstruments 2023-03-31 03387971 d:CurrentFinancialInstruments 2022-03-31 03387971 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03387971 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03387971 d:ShareCapital 2023-03-31 03387971 d:ShareCapital 2022-03-31 03387971 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 03387971 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 03387971 c:FRS102 2022-04-01 2023-03-31 03387971 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03387971 c:FullAccounts 2022-04-01 2023-03-31 03387971 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03387971 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03387971









CLARITY BUSINESS CONSULTANTS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
CLARITY BUSINESS CONSULTANTS LTD
REGISTERED NUMBER: 03387971

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,144
1,244

  
1,144
1,244

Current assets
  

Stocks
 5 
2,500
2,750

Debtors: amounts falling due within one year
 6 
18,665
13,308

Cash at bank and in hand
 7 
585
3,238

  
21,750
19,296

Creditors: amounts falling due within one year
 8 
(22,883)
(20,529)

Net current liabilities
  
 
 
(1,133)
 
 
(1,233)

Total assets less current liabilities
  
11
11

  

Net assets
  
11
11


Capital and reserves
  

Called up share capital 
  
11
11

  
11
11


Page 1

 
CLARITY BUSINESS CONSULTANTS LTD
REGISTERED NUMBER: 03387971
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 March 2024.




................................................
John Thornton
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CLARITY BUSINESS CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Clarity business Solutions is a limited company incorporated in England, limited by share capital. Its principal activity throughout the year was that of computer and managment consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Page 3

 
CLARITY BUSINESS CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10% Reducing balance
Fixtures and fittings
-
6% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
CLARITY BUSINESS CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
CLARITY BUSINESS CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
17,834
2,514
20,348



At 31 March 2023

17,834
2,514
20,348



Depreciation


At 1 April 2022
17,190
1,914
19,104


Charge for the year on owned assets
64
36
100



At 31 March 2023

17,254
1,950
19,204



Net book value



At 31 March 2023
580
564
1,144



At 31 March 2022
644
600
1,244


5.


Stocks

2023
2022
£
£

Work in progress
2,750
2,750

Finished goods and goods for resale
(250)
-

2,500
2,750


Page 6

 
CLARITY BUSINESS CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
7,316
9,716

Other debtors
7,718
3,234

Prepayments and accrued income
3,631
358

18,665
13,308


Included within other debtors due within one year is a loan to John Thornton, a director, amounting to £6,533 (2022 - £2,037, included in other creditors)




7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
585
3,238

Less: bank overdrafts
(16,827)
-

(16,242)
3,238



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
16,827
-

Corporation tax
4,645
13,175

Other taxation and social security
166
4,122

Other creditors
-
2,037

Accruals and deferred income
1,245
1,195

22,883
20,529


Page 7

 
CLARITY BUSINESS CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
585
3,238




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Controlling party

The Company is controlled by the director, John Thornton, by virtue of his shareholding as described in the director's report.

 
Page 8