2022-07-122023-07-312023-07-31false14228568CLEAR VISION PROJECTS LTD2024-04-12iso4217:GBPxbrli:pure142285682022-07-12142285682023-07-31142285682022-07-122023-07-31142285682022-07-11142285682022-07-11142285682022-07-112022-07-1114228568bus:SmallEntities2022-07-122023-07-3114228568bus:AuditExempt-NoAccountantsReport2022-07-122023-07-3114228568bus:FullAccounts2022-07-122023-07-3114228568bus:PrivateLimitedCompanyLtd2022-07-122023-07-3114228568core:WithinOneYear2023-07-3114228568core:AfterOneYear2023-07-3114228568core:WithinOneYear2022-07-1114228568core:AfterOneYear2022-07-1114228568core:ShareCapital2023-07-3114228568core:SharePremium2023-07-3114228568core:RevaluationReserve2023-07-3114228568core:OtherReservesSubtotal2023-07-3114228568core:RetainedEarningsAccumulatedLosses2023-07-3114228568core:ShareCapital2022-07-1114228568core:SharePremium2022-07-1114228568core:RevaluationReserve2022-07-1114228568core:OtherReservesSubtotal2022-07-1114228568core:RetainedEarningsAccumulatedLosses2022-07-1114228568core:LandBuildings2023-07-3114228568core:PlantMachinery2023-07-3114228568core:Vehicles2023-07-3114228568core:FurnitureFittings2023-07-3114228568core:OfficeEquipment2023-07-3114228568core:NetGoodwill2023-07-3114228568core:IntangibleAssetsOtherThanGoodwill2023-07-3114228568core:ListedExchangeTraded2023-07-3114228568core:UnlistedNon-exchangeTraded2023-07-3114228568core:LandBuildings2022-07-1114228568core:PlantMachinery2022-07-1114228568core:Vehicles2022-07-1114228568core:FurnitureFittings2022-07-1114228568core:OfficeEquipment2022-07-1114228568core:NetGoodwill2022-07-1114228568core:IntangibleAssetsOtherThanGoodwill2022-07-1114228568core:ListedExchangeTraded2022-07-1114228568core:UnlistedNon-exchangeTraded2022-07-1114228568core:LandBuildings2022-07-122023-07-3114228568core:PlantMachinery2022-07-122023-07-3114228568core:Vehicles2022-07-122023-07-3114228568core:FurnitureFittings2022-07-122023-07-3114228568core:OfficeEquipment2022-07-122023-07-3114228568core:NetGoodwill2022-07-122023-07-3114228568core:IntangibleAssetsOtherThanGoodwill2022-07-122023-07-3114228568core:ListedExchangeTraded2022-07-122023-07-3114228568core:UnlistedNon-exchangeTraded2022-07-122023-07-3114228568core:MoreThanFiveYears2022-07-122023-07-3114228568core:Non-currentFinancialInstruments2023-07-3114228568core:Non-currentFinancialInstruments2022-07-1114228568dpl:CostSales2022-07-122023-07-3114228568dpl:DistributionCosts2022-07-122023-07-3114228568core:LandBuildings2022-07-122023-07-3114228568core:PlantMachinery2022-07-122023-07-3114228568core:Vehicles2022-07-122023-07-3114228568core:FurnitureFittings2022-07-122023-07-3114228568core:OfficeEquipment2022-07-122023-07-3114228568dpl:AdministrativeExpenses2022-07-122023-07-3114228568core:NetGoodwill2022-07-122023-07-3114228568core:IntangibleAssetsOtherThanGoodwill2022-07-122023-07-3114228568dpl:GroupUndertakings2022-07-122023-07-3114228568dpl:ParticipatingInterests2022-07-122023-07-3114228568dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-122023-07-3114228568core:ListedExchangeTraded2022-07-122023-07-3114228568dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-122023-07-3114228568core:UnlistedNon-exchangeTraded2022-07-122023-07-3114228568dpl:CostSales2022-07-112022-07-1114228568dpl:DistributionCosts2022-07-112022-07-1114228568core:LandBuildings2022-07-112022-07-1114228568core:PlantMachinery2022-07-112022-07-1114228568core:Vehicles2022-07-112022-07-1114228568core:FurnitureFittings2022-07-112022-07-1114228568core:OfficeEquipment2022-07-112022-07-1114228568dpl:AdministrativeExpenses2022-07-112022-07-1114228568core:NetGoodwill2022-07-112022-07-1114228568core:IntangibleAssetsOtherThanGoodwill2022-07-112022-07-1114228568dpl:GroupUndertakings2022-07-112022-07-1114228568dpl:ParticipatingInterests2022-07-112022-07-1114228568dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-112022-07-1114228568core:ListedExchangeTraded2022-07-112022-07-1114228568dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-112022-07-1114228568core:UnlistedNon-exchangeTraded2022-07-112022-07-1114228568core:NetGoodwill2023-07-3114228568core:IntangibleAssetsOtherThanGoodwill2023-07-3114228568core:LandBuildings2023-07-3114228568core:PlantMachinery2023-07-3114228568core:Vehicles2023-07-3114228568core:FurnitureFittings2023-07-3114228568core:OfficeEquipment2023-07-3114228568core:AfterOneYear2023-07-3114228568core:WithinOneYear2023-07-3114228568core:ListedExchangeTraded2023-07-3114228568core:UnlistedNon-exchangeTraded2023-07-3114228568core:ShareCapital2023-07-3114228568core:SharePremium2023-07-3114228568core:RevaluationReserve2023-07-3114228568core:OtherReservesSubtotal2023-07-3114228568core:RetainedEarningsAccumulatedLosses2023-07-3114228568core:NetGoodwill2022-07-1114228568core:IntangibleAssetsOtherThanGoodwill2022-07-1114228568core:LandBuildings2022-07-1114228568core:PlantMachinery2022-07-1114228568core:Vehicles2022-07-1114228568core:FurnitureFittings2022-07-1114228568core:OfficeEquipment2022-07-1114228568core:AfterOneYear2022-07-1114228568core:WithinOneYear2022-07-1114228568core:ListedExchangeTraded2022-07-1114228568core:UnlistedNon-exchangeTraded2022-07-1114228568core:ShareCapital2022-07-1114228568core:SharePremium2022-07-1114228568core:RevaluationReserve2022-07-1114228568core:OtherReservesSubtotal2022-07-1114228568core:RetainedEarningsAccumulatedLosses2022-07-1114228568core:NetGoodwill2022-07-1114228568core:IntangibleAssetsOtherThanGoodwill2022-07-1114228568core:LandBuildings2022-07-1114228568core:PlantMachinery2022-07-1114228568core:Vehicles2022-07-1114228568core:FurnitureFittings2022-07-1114228568core:OfficeEquipment2022-07-1114228568core:AfterOneYear2022-07-1114228568core:WithinOneYear2022-07-1114228568core:ListedExchangeTraded2022-07-1114228568core:UnlistedNon-exchangeTraded2022-07-1114228568core:ShareCapital2022-07-1114228568core:SharePremium2022-07-1114228568core:RevaluationReserve2022-07-1114228568core:OtherReservesSubtotal2022-07-1114228568core:RetainedEarningsAccumulatedLosses2022-07-1114228568core:AfterOneYear2022-07-122023-07-3114228568core:WithinOneYear2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:CostValuation2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-122023-07-3114228568core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3114228568core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3114228568core:Non-currentFinancialInstrumentscore:CostValuation2022-07-1114228568core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-1114228568core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-1114228568core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-1114228568core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-1114228568core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-1114228568core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-1114228568core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-1114228568core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-1114228568bus:Director12022-07-122023-07-3114228568bus:Director22022-07-122023-07-3114228568bus:Director32022-07-122023-07-31

CLEAR VISION PROJECTS LTD

Registered Number
14228568
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2023

CLEAR VISION PROJECTS LTD
Company Information
for the period from 12 July 2022 to 31 July 2023

Directors

LITTLECHILD, David John
LITTLECHILD, Louis
SOTHERN, Peter Robert

Registered Address

64 Deepdale Road
Preston
PR1 5AR

Registered Number

14228568 (England and Wales)
CLEAR VISION PROJECTS LTD
Balance Sheet as at
31 July 2023

Notes

2023

£

£

Fixed assets
Tangible assets310,523
10,523
Current assets
Stocks410,925
Debtors15
Cash at bank and on hand20,545
31,485
Creditors amounts falling due within one year5(34,389)
Net current assets (liabilities)(2,904)
Total assets less current liabilities7,619
Net assets7,619
Capital and reserves
Called up share capital100
Profit and loss account7,519
Shareholders' funds7,619
The financial statements were approved and authorised for issue by the Board of Directors on 12 April 2024, and are signed on its behalf by:
LITTLECHILD, Louis
Director
SOTHERN, Peter Robert
Director

Registered Company No. 14228568
CLEAR VISION PROJECTS LTD
Notes to the Financial Statements
for the period ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings15
Vehicles25
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

2023
Average number of employees during the year1
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
Additions14,03014,030
At 31 July 2314,03014,030
Depreciation and impairment
Charge for year3,5073,507
At 31 July 233,5073,507
Net book value
At 31 July 2310,52310,523
At 11 July 22--
4.Stocks

2023

£
Work in progress10,925
Total10,925
5.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables8,801
Taxation and social security11,389
Other creditors4,460
Accrued liabilities and deferred income9,739
Total34,389
6.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.