Company Registration No. 01144394 (England and Wales)
Clearway Bulk Service Limited
Unaudited accounts
for the year ended 31 December 2023
Clearway Bulk Service Limited
Unaudited accounts
Contents
Clearway Bulk Service Limited
Company Information
for the year ended 31 December 2023
Company Number
01144394 (England and Wales)
Registered Office
63 Flowerhill Way
Istead Rise
Northfleet
Kent
DA13 9DS
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Clearway Bulk Service Limited
Statement of financial position
as at 31 December 2023
Tangible assets
11,880
12,016
Cash at bank and in hand
11,769
8,584
Creditors: amounts falling due within one year
(12,898)
(31,625)
Net current assets
22,003
12,065
Called up share capital
10
10
Profit and loss account
33,873
24,071
Shareholders' funds
33,883
24,081
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2024 and were signed on its behalf by
M J Orford
Director
Company Registration No. 01144394
Clearway Bulk Service Limited
Notes to the Accounts
for the year ended 31 December 2023
Clearway Bulk Service Limited is a private company, limited by shares, registered in England and Wales, registration number 01144394. The registered office is 63 Flowerhill Way, Istead Rise, Northfleet, Kent, DA13 9DS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The financial statements have been prepared on a going concern basis as the director has indicated he will continue to provide finance to meet ongoing costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Clearway Bulk Service Limited
Notes to the Accounts
for the year ended 31 December 2023
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
21,084
19,978
-
969
42,031
Additions
2,129
-
180
177
2,486
At 31 December 2023
23,213
19,978
180
1,146
44,517
At 1 January 2023
9,400
19,646
-
969
30,015
Charge for the year
2,379
208
3
32
2,622
At 31 December 2023
11,779
19,854
3
1,001
32,637
At 31 December 2023
11,434
124
177
145
11,880
At 31 December 2022
11,684
332
-
-
12,016
Amounts falling due within one year
Accrued income and prepayments
-
1,875
Other debtors
2,250
12,936
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,868
7,321
Taxes and social security
4,266
-
Other creditors
3,367
1,637
Loans from directors
901
21,408
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Average number of employees
During the year the average number of employees was 3 (2022: 3).