Company Registration No. 12233128 (England and Wales)
Claritycoat Ltd
Unaudited accounts
for the year ended 31 December 2023
Claritycoat Ltd
Unaudited accounts
Contents
Claritycoat Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr J Pollington-Woods
Mr A Pollington-Woods
Company Number
12233128 (England and Wales)
Accountants
Dominique Rose Limited
Hyde Farm
Hyde Lane
Herts
HP3 8SA
Claritycoat Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
28,598
32,228
Cash at bank and in hand
4,593
2,575
Creditors: amounts falling due within one year
(25,684)
(16,625)
Net current liabilities
(9,046)
(7,937)
Total assets less current liabilities
19,552
24,291
Creditors: amounts falling due after more than one year
(16,917)
(23,917)
Called up share capital
245
100
Profit and loss account
2,390
274
Shareholders' funds
2,635
374
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 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 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr J Pollington-Woods
Director
Company Registration No. 12233128
Claritycoat Ltd
Notes to the Accounts
for the year ended 31 December 2023
Claritycoat Ltd is a private company, limited by shares, registered in England and Wales, registration number 12233128.
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.
The accounts are presented in £ sterling.
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:
Motor vehicles
15% straight line basis
Computer equipment
25% reducing balance basis
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
35,000
1,574
36,574
At 31 December 2023
35,000
3,613
38,613
At 1 January 2023
3,938
408
4,346
Charge for the year
5,250
419
5,669
At 31 December 2023
9,188
827
10,015
At 31 December 2023
25,812
2,786
28,598
At 31 December 2022
31,062
1,166
32,228
Claritycoat Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
5,000
-
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,000
7,000
Trade creditors
1,284
2,193
Amounts owed to group undertakings and other participating interests
12,226
5,263
Taxes and social security
301
1,062
Loans from directors
4,198
432
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,917
23,917
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).