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Company registration number: 04953312
Clear International Consulting Limited
Unaudited filleted financial statements
30 November 2023
Clear International Consulting Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Clear International Consulting Limited
Directors and other information
Director Gary Beecroft
Secretary Miss C A E Brice
Company number 04953312
Registered office 4 Alexandra Road
Twickenham
Middlesex
TW1 2HE
Accountants Passer & Co
20 Sunningdale Close
Stanmore
Middlesex
HA7 3QL
Clear International Consulting Limited
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 377 503
Investments 6 400,304 400,304
_______ _______
400,681 400,807
Current assets
Debtors 7 27,275 30,684
Cash at bank and in hand 523,685 404,656
_______ _______
550,960 435,340
Creditors: amounts falling due
within one year 8 ( 46,185) ( 40,438)
_______ _______
Net current assets 504,775 394,902
_______ _______
Total assets less current liabilities 905,456 795,709
_______ _______
Net assets 905,456 795,709
_______ _______
Capital and reserves
Called up share capital 5 5
Profit and loss account 905,451 795,704
_______ _______
Shareholders funds 905,456 795,709
_______ _______
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 July 2024 , and are signed on behalf of the board by:
Gary Beecroft
Director
Company registration number: 04953312
Clear International Consulting Limited
Statement of changes in equity
Year ended 30 November 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2021 5 686,962 686,967
Profit for the year 172,224 172,224
_______ _______ _______
Total comprehensive income for the year - 172,224 172,224
Dividends paid and payable ( 63,482) ( 63,482)
_______ _______ _______
Total investments by and distributions to owners - ( 63,482) ( 63,482)
_______ _______ _______
At 30 November 2022 and 1 December 2022 5 795,704 795,709
Profit for the year 155,830 155,830
_______ _______ _______
Total comprehensive income for the year - 155,830 155,830
Dividends paid and payable ( 46,083) ( 46,083)
_______ _______ _______
Total investments by and distributions to owners - ( 46,083) ( 46,083)
_______ _______ _______
At 30 November 2023 5 905,451 905,456
_______ _______ _______
Clear International Consulting Limited
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Alexandra Road, Twickenham, Middlesex, TW1 2HE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 December 2022 and 30 November 2023 5,140 5,140
_______ _______
Depreciation
At 1 December 2022 4,637 4,637
Charge for the year 126 126
_______ _______
At 30 November 2023 4,763 4,763
_______ _______
Carrying amount
At 30 November 2023 377 377
_______ _______
At 30 November 2022 503 503
_______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1 December 2022 and 30 November 2023 400,304 400,304
_______ _______
Impairment
At 1 December 2022 and 30 November 2023 - -
_______ _______
Carrying amount
At 30 November 2023 400,304 400,304
_______ _______
At 30 November 2022 400,304 400,304
_______ _______
7. Debtors
2023 2022
£ £
Trade debtors 27,275 30,684
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 45,996 40,438
Social security and other taxes 189 -
_______ _______
46,185 40,438
_______ _______
9. Controlling party
The Company is controlled by the Director by virtue of his majority share holding.