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REGISTERED NUMBER: 02910523 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Clever Adviser Technology Limited

Clever Adviser Technology Limited (Registered number: 02910523)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clever Adviser Technology Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs N Cornish
S De Rycke
G A Roberts
Dr H N Shirman
C G A Wilde
S A Quiligotti
P Boughton
G J Cliff





SECRETARY: G A Roberts





REGISTERED OFFICE: Watergate House
85 Watergate Street
Chester
Cheshire
CH1 2LF





REGISTERED NUMBER: 02910523 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Clever Adviser Technology Limited (Registered number: 02910523)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 15,668 19,222
Tangible assets 5 71,108 106,419
Investments 6 1 -
86,777 125,641

CURRENT ASSETS
Debtors 7 631,459 506,289
Cash at bank and in hand 789,616 1,310,496
1,421,075 1,816,785
CREDITORS
Amounts falling due within one year 8 (246,053 ) (205,095 )
NET CURRENT ASSETS 1,175,022 1,611,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,261,799

1,737,331

CREDITORS
Amounts falling due after more than one year 9 (8,343 ) (33,340 )

PROVISIONS FOR LIABILITIES (124,762 ) (146,601 )
NET ASSETS 1,128,694 1,557,390

CAPITAL AND RESERVES
Called up share capital 204 204
Share premium 417,943 417,943
Capital redemption reserve 2 1
Retained earnings 710,545 1,139,242
SHAREHOLDERS' FUNDS 1,128,694 1,557,390

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 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.

Clever Adviser Technology Limited (Registered number: 02910523)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





C G A Wilde - Director


Clever Adviser Technology Limited (Registered number: 02910523)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Clever Adviser Technology 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.

Turnover
Turnover is recognised as the services are provided, excluding value added tax.

Intangible fixed assets
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value may not be fully recoverable.

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 25% on cost

Tangible fixed assets are included at cost less accumulated depreciation.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred in accordance with SSAP 13.

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 23 (2023 - 27 ) .

Clever Adviser Technology Limited (Registered number: 02910523)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 April 2023 326,327
Additions 7,016
At 31 March 2024 333,343
AMORTISATION
At 1 April 2023 307,105
Charge for year 10,570
At 31 March 2024 317,675
NET BOOK VALUE
At 31 March 2024 15,668
At 31 March 2023 19,222

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 244,413
Additions 1,249
Disposals (288 )
At 31 March 2024 245,374
DEPRECIATION
At 1 April 2023 137,994
Charge for year 36,456
Eliminated on disposal (184 )
At 31 March 2024 174,266
NET BOOK VALUE
At 31 March 2024 71,108
At 31 March 2023 106,419

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
Additions 1
At 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1

Clever Adviser Technology Limited (Registered number: 02910523)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 80,439 57,819
Other debtors 551,020 448,470
631,459 506,289

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 24,997 24,997
Trade creditors 122,186 43,352
Taxation and social security 46,906 77,590
Other creditors 51,964 59,156
246,053 205,095

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 8,343 33,340

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
C G A Wilde
Balance outstanding at start of year (8,052 ) (24,116 )
Amounts advanced 13,070 21,064
Amounts repaid (5,000 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18 (8,052 )

P Boughton
Balance outstanding at start of year 8 40
Amounts repaid - (32 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8 8

G A Roberts
Balance outstanding at start of year - -
Amounts advanced 101 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 101 -

Clever Adviser Technology Limited (Registered number: 02910523)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. RELATED PARTY DISCLOSURES

Included in other debtors is £124,762 (2023 £119,604) owed from Clever Funds Limited, a company in which Mr C G A Wilde is also a director and shareholder.

12. ULTIMATE CONTROLLING PARTY

During the year ended 31 March 2024, Mr C G A Wilde controlled the company by virtue of having significant influence or control.