Registered number
13976771
Super Clear Ltd
Filleted Accounts
31 March 2024
Super Clear Ltd
Registered number: 13976771
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 36,521 25,034
Investments 4 - 30,350
36,521 55,384
Current assets
Debtors 5 31,149 12,092
Cash at bank and in hand 12,723 91,739
43,872 103,831
Creditors: amounts falling due within one year 6 (4,108) (53,515)
Net current assets 39,764 50,316
Total assets less current liabilities 76,285 105,700
Provisions for liabilities (3,402) -
Net assets 72,883 105,700
Capital and reserves
Called up share capital 1 1
Profit and loss account 72,882 105,699
Shareholder's funds 72,883 105,700
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 his 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.
O Vilinskyi
Director
Approved by the board on 16 August 2024
Super Clear Ltd
Notes to the Accounts
for the year ended 31 March 2024
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:
Computer equipment 25% straight line
Office equipment 15% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 31,021
Additions 21,640
At 31 March 2024 52,661
Depreciation
At 1 April 2023 5,987
Charge for the year 10,153
At 31 March 2024 16,140
Net book value
At 31 March 2024 36,521
At 31 March 2023 25,034
4 Investments
Other
investments
£
Fair value
At 1 April 2023 30,350
Disposals (30,350)
At 31 March 2024 -
Historical cost
At 1 April 2023 30,000
The investments are all listed investments and are carried at fair value which is their open market value at the balance sheet date.
5 Debtors 2024 2023
£ £
Trade debtors 2,000 11,917
Other debtors 29,149 175
31,149 12,092
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,613 23,953
Other creditors 1,495 29,562
4,108 53,515
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
O Vilinskyi
Loan that is interest free and repayable on demand - 20,313 - 20,313
- 20,313 - 20,313
8 Other information
Super Clear Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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