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REGISTERED NUMBER: 08265962 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

CLEARTRACK PERFORMANCE LTD

CLEARTRACK PERFORMANCE LTD (REGISTERED NUMBER: 08265962)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


CLEARTRACK PERFORMANCE LTD

Company Information
for the year ended 31 October 2023







DIRECTORS: M Soden
D Soden





REGISTERED OFFICE: 23 Somerset Road
Frome
Somerset
BA11 1HB





REGISTERED NUMBER: 08265962 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cleartrack Performance Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cleartrack Performance Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cleartrack Performance Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cleartrack Performance Ltd and state those matters that we have agreed to state to the Board of Directors of Cleartrack Performance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cleartrack Performance Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cleartrack Performance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cleartrack Performance Ltd. You consider that Cleartrack Performance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cleartrack Performance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


31 July 2024

CLEARTRACK PERFORMANCE LTD (REGISTERED NUMBER: 08265962)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,292 6,967

CURRENT ASSETS
Debtors 5 121,793 117,759
Cash at bank 430,495 465,551
552,288 583,310
CREDITORS
Amounts falling due within one year 6 143,612 181,156
NET CURRENT ASSETS 408,676 402,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,968

409,121

PROVISIONS FOR LIABILITIES 7 1,070 1,324
NET ASSETS 411,898 407,797

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 411,798 407,697
SHAREHOLDERS' FUNDS 411,898 407,797

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

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

The directors acknowledge their 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.

CLEARTRACK PERFORMANCE LTD (REGISTERED NUMBER: 08265962)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




D Soden - Director



M Soden - Director


CLEARTRACK PERFORMANCE LTD (REGISTERED NUMBER: 08265962)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Cleartrack Performance Ltd 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.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

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

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on cost
Fixtures and fittings - 25% on cost
Plant & Machinery - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


CLEARTRACK PERFORMANCE LTD (REGISTERED NUMBER: 08265962)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants are accounted for under the accruals method, with those in relation to expenditure credited when the expenditure is charged to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

CLEARTRACK PERFORMANCE LTD (REGISTERED NUMBER: 08265962)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Plant &
Equipment fittings Machinery Totals
£    £    £    £   
COST
At 1 November 2022 12,134 10,896 5,152 28,182
Additions 564 - 1,250 1,814
At 31 October 2023 12,698 10,896 6,402 29,996
DEPRECIATION
At 1 November 2022 7,897 10,316 3,002 21,215
Charge for year 2,627 262 1,600 4,489
At 31 October 2023 10,524 10,578 4,602 25,704
NET BOOK VALUE
At 31 October 2023 2,174 318 1,800 4,292
At 31 October 2022 4,237 580 2,150 6,967

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,792 101,044
Other debtors 25,001 16,715
121,793 117,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,192 18,315
Taxation and social security 93,826 117,909
Other creditors 43,594 44,932
143,612 181,156

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,070 1,324

Deferred
tax
£   
Balance at 1 November 2022 1,324
Accelerated capital allowances (254 )
Balance at 31 October 2023 1,070

CLEARTRACK PERFORMANCE LTD (REGISTERED NUMBER: 08265962)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

There are annual financial commitments for lease payments of £2,091.