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REGISTERED NUMBER: SC353902 (Scotland)




















CLEARVIEW NETWORKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

CLEARVIEW NETWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T Jenkins





REGISTERED OFFICE: Unit 3
1a Northinch Court
Whiteinch
Glasgow
G14 0UG





REGISTERED NUMBER: SC353902 (Scotland)





ACCOUNTANTS: JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD

CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,809 1,470
1,809 1,470

CURRENT ASSETS
Debtors 6 51,843 84,710
Prepayments and accrued income 4,787 2,830
Cash at bank 46,718 38,206
103,348 125,746
CREDITORS
Amounts falling due within one year 7 53,951 56,951
NET CURRENT ASSETS 49,397 68,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,206

70,265

PROVISIONS FOR LIABILITIES 9 111 -
NET ASSETS 51,095 70,265

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 50,095 69,265
SHAREHOLDERS' FUNDS 51,095 70,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





T Jenkins - Director


CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Clearview Networks Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
The turnover shown in the profit and loss account represents the invoice value of services rendered and goods supplied during the year, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,072 4,402 3,991 19,102 28,567
Additions - - - 873 873
Disposals - - - (499 ) (499 )
At 31 March 2024 1,072 4,402 3,991 19,476 28,941
DEPRECIATION
At 1 April 2023 575 4,038 3,385 19,099 27,097
Charge for year 124 138 152 120 534
Eliminated on disposal - - - (499 ) (499 )
At 31 March 2024 699 4,176 3,537 18,720 27,132
NET BOOK VALUE
At 31 March 2024 373 226 454 756 1,809
At 31 March 2023 497 364 606 3 1,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,929 64,107
Other debtors 50 50
Directors' current accounts 5,864 20,510
Deferred tax asset - 43
51,843 84,710

CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,477 26,524
Corporation tax 11,836 10,776
Social security and other taxes 2,001 1,640
VAT 12,916 13,487
Other creditors 568 2,131
Accruals and deferred income 3,153 2,393
53,951 56,951

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,894 8,515
Between one and five years 7,108 -
17,002 8,515

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 111

Deferred
tax
£   
Balance at 1 April 2023 (43 )
Provided during year 154
Balance at 31 March 2024 111

The provision for deferred tax consists of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation on fixed assets.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares of £1 £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 April 2023 69,265
Profit for the year 47,130
Dividends (66,300 )
At 31 March 2024 50,095

CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
T Jenkins
Balance outstanding at start of year 20,510 3,409
Amounts advanced 38,394 20,510
Amounts repaid (53,040 ) (3,409 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,864 20,510

The loan is interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

At the beginning of the year the company owed the amount of £1,723 to the wife of the director. During the year the company repaid aggregated amounts of £1,723. At the end of the year the balance owed by the company is £nil.

The loan is interest free and repayable on demand.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLEARVIEW NETWORKS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clearview Networks Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Clearview Networks Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clearview Networks Limited and state those matters that we have agreed to state to the director of Clearview Networks Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Clearview Networks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clearview Networks Limited. You consider that Clearview Networks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clearview Networks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD


25 September 2024