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REGISTERED NUMBER: 04339620 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CLEAR FINANCIAL ADVICE LIMITED

CLEAR FINANCIAL ADVICE LIMITED (REGISTERED NUMBER: 04339620)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEAR FINANCIAL ADVICE LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: B J Greening





SECRETARY: Mrs M M Greening





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 04339620 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

CLEAR FINANCIAL ADVICE LIMITED (REGISTERED NUMBER: 04339620)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,337 23,869

CURRENT ASSETS
Debtors 5 274,410 320,158
Investments 6 - 75,000
Cash at bank 17,929 13,549
292,339 408,707
CREDITORS
Amounts falling due within one year 7 87,452 172,589
NET CURRENT ASSETS 204,887 236,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,224

259,987

CREDITORS
Amounts falling due after more than one
year

8

(15,080

)

(25,040

)

PROVISIONS FOR LIABILITIES (4,684 ) (4,505 )
NET ASSETS 204,460 230,442

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 203,460 229,442
SHAREHOLDERS' FUNDS 204,460 230,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CLEAR FINANCIAL ADVICE LIMITED (REGISTERED NUMBER: 04339620)

Balance Sheet - continued
31 December 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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2024 and were signed by:





B J Greening - Director


CLEAR FINANCIAL ADVICE LIMITED (REGISTERED NUMBER: 04339620)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Clear Financial Advice 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.

Turnover
The turnover shown in the profit and loss account represents the value of work carried out in the year.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

CLEAR FINANCIAL ADVICE LIMITED (REGISTERED NUMBER: 04339620)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 44,749 22,474 67,223
Additions - 998 998
At 31 December 2023 44,749 23,472 68,221
DEPRECIATION
At 1 January 2023 30,854 12,500 43,354
Charge for year 2,787 2,743 5,530
At 31 December 2023 33,641 15,243 48,884
NET BOOK VALUE
At 31 December 2023 11,108 8,229 19,337
At 31 December 2022 13,895 9,974 23,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 11,379 20,000
Amounts owed by group undertakings 238,610 250,610
Other debtors 24,421 49,548
274,410 320,158

All debtors are due within one year and have therefore not been discounted.

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Other - 75,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,960 9,960
Trade creditors 2,370 32,931
Taxation and social security 53,272 102,920
Other creditors 21,850 26,778
87,452 172,589

All creditors are payable within one year and have therefore not been discounted.

CLEAR FINANCIAL ADVICE LIMITED (REGISTERED NUMBER: 04339620)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,080 25,040

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 6,813 6,813
Between one and five years 2,839 9,651
9,652 16,464