CLEARSKY LOGIC LIMITED

Company Registration Number:
SC585397 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 February 2023

End date: 30 June 2024

CLEARSKY LOGIC LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes

CLEARSKY LOGIC LIMITED

Balance sheet

As at 30 June 2024

Notes 17 months to 30 June 2024 2023


£

£
Fixed assets
Tangible assets: 3 63,787 0
Total fixed assets: 63,787 0
Current assets
Debtors: 4 475,221 337,638
Cash at bank and in hand: 762,406 290,886
Total current assets: 1,237,627 628,524
Creditors: amounts falling due within one year: 5 ( 448,116 ) ( 130,438 )
Net current assets (liabilities): 789,511 498,086
Total assets less current liabilities: 853,298 498,086
Creditors: amounts falling due after more than one year: 6 ( 42,826 ) ( 23,333 )
Total net assets (liabilities): 810,472 474,753
Capital and reserves
Called up share capital: 5 5
Profit and loss account: 810,467 474,748
Total Shareholders' funds: 810,472 474,753

The notes form part of these financial statements

CLEARSKY LOGIC LIMITED

Balance sheet statements

For the year ending 30 June 2024 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 13 September 2024
and signed on behalf of the board by:

Name: Darren Robert Graeme Auld
Status: Director

The notes form part of these financial statements

CLEARSKY LOGIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 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

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Plant and machinery - 25% straight line

CLEARSKY LOGIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    17 months to 30 June 2024 2023
    Average number of employees during the period 52 30

CLEARSKY LOGIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 7,734 0 7,734
Additions 36,860 48,190 85,050
Disposals
Revaluations
Transfers
At 30 June 2024 44,594 48,190 92,784
Depreciation
At 1 February 2023 7,734 0 7,734
Charge for year 9,215 12,048 21,263
On disposals
Other adjustments
At 30 June 2024 16,949 12,048 28,997
Net book value
At 30 June 2024 27,645 36,142 63,787
At 31 January 2023 0 0 0

CLEARSKY LOGIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

17 months to 30 June 2024 2023
£ £
Trade debtors 368,540 259,595
Prepayments and accrued income 23,781
Other debtors 82,900 78,043
Total 475,221 337,638

CLEARSKY LOGIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

17 months to 30 June 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Amounts due under finance leases and hire purchase contracts 8,041
Trade creditors 25,723 419
Taxation and social security 365,815 113,871
Accruals and deferred income 19,650 2,000
Other creditors 18,887 4,148
Total 448,116 130,438

CLEARSKY LOGIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

17 months to 30 June 2024 2023
£ £
Bank loans and overdrafts 9,166 23,333
Amounts due under finance leases and hire purchase contracts 33,660
Total 42,826 23,333