Clear Connect Limited 09412056 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is computer and software support services. Digita Accounts Production Advanced 6.30.9574.0 true true 09412056 2023-04-01 2024-03-31 09412056 2024-03-31 09412056 core:CurrentFinancialInstruments 2024-03-31 09412056 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09412056 core:FurnitureFittings 2024-03-31 09412056 core:OfficeEquipment 2024-03-31 09412056 bus:SmallEntities 2023-04-01 2024-03-31 09412056 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09412056 bus:FilletedAccounts 2023-04-01 2024-03-31 09412056 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09412056 bus:RegisteredOffice 2023-04-01 2024-03-31 09412056 bus:Director1 2023-04-01 2024-03-31 09412056 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09412056 core:FurnitureFittings 2023-04-01 2024-03-31 09412056 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09412056 core:OfficeEquipment 2023-04-01 2024-03-31 09412056 countries:EnglandWales 2023-04-01 2024-03-31 09412056 2023-03-31 09412056 core:FurnitureFittings 2023-03-31 09412056 core:OfficeEquipment 2023-03-31 09412056 2022-04-01 2023-03-31 09412056 2023-03-31 09412056 core:CurrentFinancialInstruments 2023-03-31 09412056 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09412056 core:FurnitureFittings 2023-03-31 09412056 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09412056

Clear Connect Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Clear Connect Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Clear Connect Limited

(Registration number: 09412056)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

3,399

4,532

Current assets

 

Debtors

6

320

635

Cash at bank and in hand

 

2,088

253

 

2,408

888

Creditors: Amounts falling due within one year

7

(9,917)

(9,508)

Net current liabilities

 

(7,509)

(8,620)

Total assets less current liabilities

 

(4,110)

(4,088)

Provisions for liabilities

(211)

(861)

Net liabilities

 

(4,321)

(4,949)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(4,322)

(4,950)

Shareholders' deficit

 

(4,321)

(4,949)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 October 2024
 

 

Clear Connect Limited

(Registration number: 09412056)
Balance Sheet as at 31 March 2024

.........................................
Mr S Wright
Director

 

Clear Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of computer and software support services to customers. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Clear Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Fixtures and fittings

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Taxation

2024

2023

£

£

Corporation tax

-

(176)

Deferred tax

(650)

(286)

(650)

(462)

4

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Clear Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

191

10,820

11,011

At 31 March 2024

191

10,820

11,011

Depreciation

At 1 April 2023

163

6,316

6,479

Charge for the year

7

1,126

1,133

At 31 March 2024

170

7,442

7,612

Carrying amount

At 31 March 2024

21

3,378

3,399

At 31 March 2023

28

4,504

4,532

6

Debtors

Current

2024
£

2023
£

Other debtors

320

635

 

320

635

 

Clear Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

16

1,160

Taxation and social security

2,053

-

Other creditors

7,848

8,348

9,917

9,508

8

Related party transactions

Other transactions with the director

Mr S Wright (director) had a loan account with the company. At the balance sheet date the amount due to Mr S Wright was £7,641 (2022: £8,141).