CLEA TECHNOLOGY CIC

Company limited by guarantee

Company Registration Number:
11729367 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

CLEA TECHNOLOGY CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CLEA TECHNOLOGY CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

G P Kennedy


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 August 2024

And signed on behalf of the board by:
Name: G P Kennedy
Status: Director

CLEA TECHNOLOGY CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 235 470
Investments:   0 0
Total fixed assets: 235 470
Current assets
Stocks:   0 0
Debtors: 4 1,400 0
Cash at bank and in hand: 561 82
Investments:   0 0
Total current assets: 1,961 82
Creditors: amounts falling due within one year: 5 ( 46,244 ) ( 47,075 )
Net current assets (liabilities): (44,283) (46,993)
Total assets less current liabilities: (44,048) ( 46,523)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0
Total net assets (liabilities): (44,048) (46,523)
Members' funds
Profit and loss account: (44,048) ( 46,523)
Total members' funds: ( 44,048) (46,523)

The notes form part of these financial statements

CLEA TECHNOLOGY CIC

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 22 August 2024
and signed on behalf of the board by:

Name: G P Kennedy
Status: Director

The notes form part of these financial statements

CLEA TECHNOLOGY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the followingconditions are satisfied:- the amount of revenue can be measured reliably;- it is probable that the Company will receive the consideration due under the contract- the stage of completion of the contract at the end of the reporting period can be measuredreliably; and- the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Office equipment - 25% Straight line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

    Other accounting policies

    Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.CreditorsShort-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Financial instruments The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

CLEA TECHNOLOGY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

CLEA TECHNOLOGY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 940 940
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 940 940
Depreciation
At 1 January 2023 470 470
Charge for year 235 235
On disposals
Other adjustments
At 31 December 2023 705 705
Net book value
At 31 December 2023 235 235
At 31 December 2022 470 470

CLEA TECHNOLOGY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,400 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 1,400 0
Debtors due after more than one year: 0 0

CLEA TECHNOLOGY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 1,062 1,032
Other creditors 45,182 46,043
Total 46,244 47,075

COMMUNITY INTEREST ANNUAL REPORT

CLEA TECHNOLOGY CIC

Company Number: 11729367 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Clea Technology provides IT delivery and support to an increasing amount of Charities and Non Profits in the UK and Zambia. A range of Cloud services are delivered which maximises the impact of each of these organisations and helps their beneficiaries and service users. In providing these services Clea has also generated IT Jobs and Internship opportunities. Three new organisations have been helped in 2023 and we have several others who have approached us. We will continue to help all of our Non Profit Clients to deliver and manage interventions in their community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 August 2024

And signed on behalf of the board by:
Name: Gerrard Kennedy
Status: Director