Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12796031 Mr Joshua Holland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12796031 2022-08-31 12796031 2023-08-31 12796031 2022-09-01 2023-08-31 12796031 frs-core:CurrentFinancialInstruments 2023-08-31 12796031 frs-core:Non-currentFinancialInstruments 2023-08-31 12796031 frs-core:BetweenOneFiveYears 2023-08-31 12796031 frs-core:ComputerEquipment 2023-08-31 12796031 frs-core:ComputerEquipment 2022-09-01 2023-08-31 12796031 frs-core:ComputerEquipment 2022-08-31 12796031 frs-core:FurnitureFittings 2023-08-31 12796031 frs-core:FurnitureFittings 2022-09-01 2023-08-31 12796031 frs-core:FurnitureFittings 2022-08-31 12796031 frs-core:PlantMachinery 2023-08-31 12796031 frs-core:PlantMachinery 2022-09-01 2023-08-31 12796031 frs-core:PlantMachinery 2022-08-31 12796031 frs-core:WithinOneYear 2023-08-31 12796031 frs-core:ShareCapital 2023-08-31 12796031 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12796031 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12796031 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12796031 frs-bus:SmallEntities 2022-09-01 2023-08-31 12796031 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12796031 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12796031 frs-bus:Director1 2022-09-01 2023-08-31 12796031 frs-countries:EnglandWales 2022-09-01 2023-08-31 12796031 2021-08-31 12796031 2022-08-31 12796031 2021-09-01 2022-08-31 12796031 frs-core:CurrentFinancialInstruments 2022-08-31 12796031 frs-core:Non-currentFinancialInstruments 2022-08-31 12796031 frs-core:BetweenOneFiveYears 2022-08-31 12796031 frs-core:WithinOneYear 2022-08-31 12796031 frs-core:ShareCapital 2022-08-31 12796031 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 12796031
Clarity Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12796031
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,087 19,554
19,087 19,554
CURRENT ASSETS
Debtors 5 255,942 231,555
Cash at bank and in hand 5,775 2,186
261,717 233,741
Creditors: Amounts Falling Due Within One Year 6 (205,923 ) (170,675 )
NET CURRENT ASSETS (LIABILITIES) 55,794 63,066
TOTAL ASSETS LESS CURRENT LIABILITIES 74,881 82,620
Creditors: Amounts Falling Due After More Than One Year 7 (9,092 ) (13,133 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,626 ) (3,460 )
NET ASSETS 62,163 66,027
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 62,162 66,026
SHAREHOLDERS' FUNDS 62,163 66,027
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joshua Holland
Director
19/04/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Clarity Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12796031 . The registered office is Kent House, 41 East Street, Bromley, Kent, BR1 1QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
...CONTINUED
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2.5. Taxation - continued
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 5)
8 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2022 21,904 1,000 403 23,307
Additions 307 - 2,594 2,901
As at 31 August 2023 22,211 1,000 2,997 26,208
Depreciation
As at 1 September 2022 3,414 278 61 3,753
Provided during the period 2,819 108 441 3,368
As at 31 August 2023 6,233 386 502 7,121
Net Book Value
As at 31 August 2023 15,978 614 2,495 19,087
As at 1 September 2022 18,490 722 342 19,554
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 18,173 42,641
Prepayments and accrued income 825 1,090
Director's loan account 12,013 -
Amounts owed by other participating interests 224,931 187,824
255,942 231,555
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,041 4,041
Trade creditors 9,326 25,552
Corporation tax 24,496 24,496
Other taxes and social security 47,484 23,243
VAT 79,456 56,964
Other creditors 38,883 3,721
Director's loan account - 115
Amounts owed to other participating interests 2,237 32,543
205,923 170,675
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,092 13,133
9,092 13,133
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,041 4,041
Later than one year and not later than five years 9,092 13,133
13,133 17,174
13,133 17,174
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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11. Related Party Transactions
Included in other debtors is an amount of £12,013 (£115 in credit in 2022), owed by the company director Mr J Holland. This loan is interest free and no repayment terms have been agreed.
Included in other creditors is an amount of £2,237 (£0 in 2022), owed to Found All Ltd for which Mr J Holland is a director. No interest is to be charged and no repayment terms have been agreed
Included in other debtors is an amount of £15,218 (£27,712 in 2022), owed from Solve Distribution Ltd for which Mr J Holland is a director. No interest is to be charged and no repayment terms have been agreed.
Included in other debtors is an amount of £173,819 (£160,112 in 2022), owed from Found Hired Ltd for which Mr J Holland is a director. No interest is to be charged and no repayment terms have been agreed.
Included in other debtors is an amount of £35,893 (£0 in 2022), owed from Kudo Space Ltd for which Mr J Holland is a director. No interest is to be charged and no repayment terms have been agreed.
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