Registered number
11452250
CLEAR SKY MARKETING LTD
Filleted Accounts
31 July 2023
CLEAR SKY MARKETING LTD
Registered number: 11452250
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,321 13,091
Current assets
Debtors 4 33,442 33,431
Cash at bank and in hand 6,605 3,139
40,047 36,570
Creditors: amounts falling due within one year 5 (22,286) (9,385)
Net current assets 17,761 27,185
Total assets less current liabilities 31,082 40,276
Creditors: amounts falling due after more than one year 6 (9,843) (15,398)
Net assets 21,239 24,878
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,238 24,877
Shareholder's funds 21,239 24,878
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sally Shuttleworth
Director
Approved by the board on 19 October 2023
CLEAR SKY MARKETING LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 15 % Reducing balance
Motor Vehicle 15 % Reducing balance
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 August 2022 5,847 8,422 14,269
Additions 2,580 - 2,580
At 31 July 2023 8,427 8,422 16,849
Depreciation
At 1 August 2022 1,178 - 1,178
Charge for the year 1,087 1,263 2,350
At 31 July 2023 2,265 1,263 3,528
Net book value
At 31 July 2023 6,162 7,159 13,321
At 31 July 2022 4,669 8,422 13,091
4 Debtors 2023 2022
£ £
Trade debtors 11,459 10,674
Other debtors 21,983 22,757
33,442 33,431
5 Creditors: amounts falling due within one year 2023 2022
£ £
VAT Payment 4,499 3,662
Corporation tax 13,787 5,723
Other creditors 4,000 -
22,286 9,385
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,895 9,089
Obligations under finance lease and hire purchase contracts 3,948 6,309
9,843 15,398
7 Other information
CLEAR SKY MARKETING LTD is a private company limited by shares and incorporated in England. Its registered office is:
66 Seymour Grove
Manchester
M16 0LN
8 Related party transactions
During the year the company made advance payments of £21,983 [2022: £22,757] to director(s), Interest is not charged on the balance
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