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REGISTERED NUMBER: 05393891 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Clearly Renovations Limited

Clearly Renovations Limited (Registered number: 05393891)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clearly Renovations Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J S Bayliss





SECRETARY: Mrs L Bayliss





REGISTERED OFFICE: Brampton House
Scabharbour Lane
Hildenborough
Kent
TN11 8PJ





REGISTERED NUMBER: 05393891 (England and Wales)





ACCOUNTANTS: AccountLets
Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP

Clearly Renovations Limited (Registered number: 05393891)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 125,000
Tangible assets 5 93,399 6,840
193,399 131,840

CURRENT ASSETS
Stocks - 2,911
Debtors 6 4,036 3,582
Cash at bank 306,732 166,974
310,768 173,467
CREDITORS
Amounts falling due within one year 7 211,515 144,639
NET CURRENT ASSETS 99,253 28,828
TOTAL ASSETS LESS CURRENT LIABILITIES 292,652 160,668

CREDITORS
Amounts falling due after more than one year 8 56,239 24,167
NET ASSETS 236,413 136,501

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 236,412 136,500
SHAREHOLDERS' FUNDS 236,413 136,501

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





J S Bayliss - Director


Clearly Renovations Limited (Registered number: 05393891)

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

1. STATUTORY INFORMATION

Clearly Renovations 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 2 (2022 - 7 ) .

Clearly Renovations Limited (Registered number: 05393891)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 157,459 125,000 282,459
AMORTISATION
At 1 January 2023 157,459 - 157,459
Charge for year - 25,000 25,000
At 31 December 2023 157,459 25,000 182,459
NET BOOK VALUE
At 31 December 2023 - 100,000 100,000
At 31 December 2022 - 125,000 125,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 25,442
Additions 96,408
At 31 December 2023 121,850
DEPRECIATION
At 1 January 2023 18,602
Charge for year 9,849
At 31 December 2023 28,451
NET BOOK VALUE
At 31 December 2023 93,399
At 31 December 2022 6,840

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 4,036 3,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,668 -
Trade creditors 19,860 9,341
Amounts owed to group undertakings 1,940 10,000
Taxation and social security 120,445 40,298
Other creditors 54,602 75,000
211,515 144,639

Clearly Renovations Limited (Registered number: 05393891)

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 14,167 24,167
Hire purchase contracts 42,072 -
56,239 24,167