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REGISTERED NUMBER: 04642927 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CLARITY & SUCCESS SOFTWARE LIMITED

CLARITY & SUCCESS SOFTWARE LIMITED (REGISTERED NUMBER: 04642927)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CLARITY & SUCCESS SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Miss K Russell





SECRETARY: Miss K Russell





REGISTERED OFFICE: Unit 1 The Stables
The Hollies
120 Newport Road
Stafford
Staffordshire
ST16 1BY





REGISTERED NUMBER: 04642927 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

CLARITY & SUCCESS SOFTWARE LIMITED (REGISTERED NUMBER: 04642927)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,370 3,580
Investments 5 359,013 424,288
360,383 427,868

CURRENT ASSETS
Stocks 895 775
Debtors 6 334,560 456,396
Cash at bank 48,174 58,949
383,629 516,120
CREDITORS
Amounts falling due within one year 7 150,829 305,979
NET CURRENT ASSETS 232,800 210,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,183

638,009

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 593,173 637,999
SHAREHOLDERS' FUNDS 593,183 638,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:



Miss K Russell - Director


CLARITY & SUCCESS SOFTWARE LIMITED (REGISTERED NUMBER: 04642927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Clarity & Success Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

CLARITY & SUCCESS SOFTWARE LIMITED (REGISTERED NUMBER: 04642927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 28,627
Additions 664
At 31 December 2023 29,291
DEPRECIATION
At 1 January 2023 25,047
Charge for year 2,874
At 31 December 2023 27,921
NET BOOK VALUE
At 31 December 2023 1,370
At 31 December 2022 3,580

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 652,750
PROVISIONS
At 1 January 2023 228,462
Provision for year 65,275
At 31 December 2023 293,737
NET BOOK VALUE
At 31 December 2023 359,013
At 31 December 2022 424,288

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 324,270 396,182
Amounts owed by group undertakings - 52,014
Other debtors 10,290 8,200
334,560 456,396

CLARITY & SUCCESS SOFTWARE LIMITED (REGISTERED NUMBER: 04642927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,142 127,450
Amounts owed to group undertakings 50,680 83,513
Taxation and social security 59,507 82,080
Other creditors 1,500 12,936
150,829 305,979

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8 'A' Ordinary 1 8 8
2 'B' Ordinary 1 2 2
10 10

9. ULTIMATE CONTROLLING PARTY

SelectLine Holding GmbH, a company incorporated in Germany, is the ultimate controlling entity.