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REGISTERED NUMBER: SC545283 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Clear Amber Group Limited

Clear Amber Group Limited (Registered number: SC545283)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Clear Amber Group Limited (Registered number: SC545283)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,567 8,775
Tangible assets 5 29,940 74,529
36,507 83,304

CURRENT ASSETS
Stocks 2,370,164 1,944,464
Debtors 6 1,092,762 1,303,703
Cash at bank 1,400,986 1,110,557
4,863,912 4,358,724
CREDITORS
Amounts falling due within one year 7 (880,457 ) (701,937 )
NET CURRENT ASSETS 3,983,455 3,656,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,019,962

3,740,091

CREDITORS
Amounts falling due after more than one
year

8

(89,208

)

(168,170

)

PROVISIONS FOR LIABILITIES - (10,568 )
NET ASSETS 3,930,754 3,561,353

CAPITAL AND RESERVES
Called up share capital 1,040 1,040
Retained earnings 3,929,714 3,560,313
3,930,754 3,561,353

Clear Amber Group Limited (Registered number: SC545283)

Balance Sheet - continued
31 December 2023


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 19 August 2024 and were signed by:





Mr M Michel - Director


Clear Amber Group Limited (Registered number: SC545283)

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

1. STATUTORY INFORMATION

Clear Amber Group Limited is a private company, limited by shares, domiciled in Scotland, registration number SC545283. The registered office is Inveralmond Place, Inveralmond Industrial Estate, Perth PH1 3TS.

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 represents net invoiced sales of goods and services in respect of a manufacturing wholesaler in construction supplies, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Clear Amber Group Limited (Registered number: SC545283)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 22,000
AMORTISATION
At 1 January 2023 13,225
Charge for year 2,208
At 31 December 2023 15,433
NET BOOK VALUE
At 31 December 2023 6,567
At 31 December 2022 8,775

Clear Amber Group Limited (Registered number: SC545283)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 202,556 157,005 200 359,761
DEPRECIATION
At 1 January 2023 129,818 155,214 200 285,232
Charge for year 44,183 406 - 44,589
At 31 December 2023 174,001 155,620 200 329,821
NET BOOK VALUE
At 31 December 2023 28,555 1,385 - 29,940
At 31 December 2022 72,738 1,791 - 74,529

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 132,562
Transfer to ownership (45,062 )
At 31 December 2023 87,500
DEPRECIATION
At 1 January 2023 59,824
Charge for year 44,183
Transfer to ownership (38,712 )
At 31 December 2023 65,295
NET BOOK VALUE
At 31 December 2023 22,205
At 31 December 2022 72,738

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 288,293 405,623
Amounts owed by group undertakings 777,441 873,926
Other debtors 27,028 24,154
1,092,762 1,303,703

Clear Amber Group Limited (Registered number: SC545283)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 17,500 35,691
Trade creditors 606,911 334,414
Taxation and social security 255,757 322,032
Other creditors 289 9,800
880,457 701,937

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 14,208 31,708
Other creditors 75,000 136,462
89,208 168,170

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 31,708 67,399

Amounts due on hire purchase are secured over the individual assets concerned.

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Clear Amber Group Holdings Limited, a company incorporated in Scotland having its registered office at Clear Amber Inveralmond Place, Inveralmond Industrial Estate, Perth, PH1 3TS.