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REGISTERED NUMBER: 04922828 (England and Wales)















CLEAR VISION ACCOUNTANCY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEAR VISION ACCOUNTANCY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: M D Rogers FCCA
Mrs S A Rogers FCCA



SECRETARY: Mrs S A Rogers FCCA



REGISTERED OFFICE: 1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



REGISTERED NUMBER: 04922828 (England and Wales)



ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



BANKERS: Barclays Bank plc
66 Market Place
Chippenham
Wiltshire
SN15 3JA

CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,851 9,612

CURRENT ASSETS
Debtors 5 780,845 704,142
Cash at bank and in hand 858 21,805
781,703 725,947
CREDITORS
Amounts falling due within one year 6 293,348 314,593
NET CURRENT ASSETS 488,355 411,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,206

420,966

CREDITORS
Amounts falling due after more than one
year

7

(28,898

)

(34,484

)

PROVISIONS FOR LIABILITIES (1,440 ) (1,517 )
NET ASSETS 464,868 384,965

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 463,868 383,965
SHAREHOLDERS' FUNDS 464,868 384,965

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 directors acknowledge their 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





M D Rogers FCCA - Director


CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Clear Vision Accountancy 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.

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.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax. Provision is also made for the recognition to future consideration by reference to work performed.

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% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Going concern
The directors have assessed whether the company is a going concern and has considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

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 75,989
Additions 2,582
Disposals (16,827 )
At 31 December 2023 61,744
DEPRECIATION
At 1 January 2023 66,377
Charge for year 5,348
Eliminated on disposal (16,832 )
At 31 December 2023 54,893
NET BOOK VALUE
At 31 December 2023 6,851
At 31 December 2022 9,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 52,720 49,295
Amounts recoverable on contract 71,342 81,134
Other debtors 656,783 573,713
780,845 704,142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 34,137 21,684
Hire purchase contracts (see note 8) 486 850
Trade creditors 18,745 11,959
Taxation and social security 107,444 98,250
Other creditors 132,536 181,850
293,348 314,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 28,898 34,484

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,898 34,484

CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 486 850

Non-cancellable operating leases
31/12/23 31/12/22
£    £   
Within one year 31,218 29,494
Between one and five years 83,540 82,865
In more than five years 41,377 45,000
156,135 157,359

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
M D Rogers FCCA and Mrs S A Rogers FCCA
Balance outstanding at start of year 6,393 -
Amounts advanced 26,768 13,322
Amounts repaid (33,814 ) (6,929 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (653 ) 6,393

This amount is included in other creditors (2022 - other debtors). There are no fixed repayment terms and this was the maximum amount owed during the year. Interest has been charged on the loan at HMRC standard rates, if applicable.

10. RELATED PARTY DISCLOSURES

Included within other debtors is £631,917 (2022 - £545,381) owed by Clear Vision Holdings Limited a company controlled by the directors.