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REGISTERED NUMBER: 06863936 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Clear Space Marketing Limited

Clear Space Marketing Limited (Registered number: 06863936)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Clear Space Marketing Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Mr P S Burrows
Mrs K L Burrows





REGISTERED OFFICE: Pacioli House, 9 Brookfield
Duncan Close
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 06863936 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Clear Space Marketing Limited (Registered number: 06863936)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,725 1,946

CURRENT ASSETS
Debtors 5 25,531 50,439
Cash at bank and in hand 117,728 161,296
143,259 211,735
CREDITORS
Amounts falling due within one year 6 47,483 44,341
NET CURRENT ASSETS 95,776 167,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,501

169,340

CAPITAL AND RESERVES
Called up share capital 8 100 200
Capital redemption reserve 200 100
Retained earnings 97,201 169,040
SHAREHOLDERS' FUNDS 97,501 169,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Mr P S Burrows - Director


Clear Space Marketing Limited (Registered number: 06863936)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Clear Space Marketing 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.

The financial statements are presented in Sterling (£) and cover the period to the end of April each year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax in relation to marketing and advertising services provided to its customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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.

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.

Clear Space Marketing Limited (Registered number: 06863936)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at undiscounted cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 4,341
Additions 499
At 30 April 2024 4,840
DEPRECIATION
At 1 May 2023 2,395
Charge for year 720
At 30 April 2024 3,115
NET BOOK VALUE
At 30 April 2024 1,725
At 30 April 2023 1,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,167 50,380
Other debtors 364 59
25,531 50,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,247 8,086
Taxation and social security 34,532 30,752
Other creditors 3,704 5,503
47,483 44,341

Clear Space Marketing Limited (Registered number: 06863936)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. FINANCIAL RISK MANAGEMENT

The company has some exposure to credit, liquidity, cash flow interest rate risks. These are limited by the company's financial management policies and practices described below.

Liquidity Risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities.

Cash Flow
While not directly at risk to cash flow and interest rate risk due to the company's attitude to liquidity management, the clients and sectors serviced are more exposed and so careful management of customers and clientèle become are major factoring in risk management strategies.

Market Risk
There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the markets, and adapting accordingly.

The company holds no derivative financial instruments at the year end.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL 'A' Ordinary £1 - 50
NIL 'B' Ordinary £1 - 50
100 'C' Ordinary £1 100 100
100 200

During the year, the company bought back 50 A Ordinary and 50 B Ordinary shares.