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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
Page
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Clearway Bulk Service Limited Company Information for the year ended 31 December 2023
Director
M J Orford
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
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Clearway Bulk Service Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,880 
12,016 
Current assets
Inventories
16,990 
14,500 
Debtors
6,142 
20,606 
Cash at bank and in hand
11,769 
8,584 
34,901 
43,690 
Creditors: amounts falling due within one year
(12,898)
(31,625)
Net current assets
22,003 
12,065 
Net assets
33,883 
24,081 
Capital and reserves
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
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Clearway Bulk Service Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
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.
Going concern
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.
Pension 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.
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Clearway Bulk Service Limited Notes to the Accounts for the year ended 31 December 2023
4
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 
Depreciation
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 
Net book value
At 31 December 2023
11,434 
124 
177 
145 
11,880 
At 31 December 2022
11,684 
332 
- 
- 
12,016 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,892 
5,795 
Accrued income and prepayments
- 
1,875 
Other debtors
2,250 
12,936 
6,142 
20,606 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,344 
1,117 
Trade creditors
2,868 
7,321 
Taxes and social security
4,266 
- 
Other creditors
3,367 
1,637 
Loans from directors
901 
21,408 
Accruals
152 
142 
12,898 
31,625 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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