Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsefalseNo description of principal activity2023-02-01true99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07115727 2023-02-01 2024-01-31 07115727 2022-02-01 2023-01-31 07115727 2024-01-31 07115727 2023-01-31 07115727 c:Director1 2023-02-01 2024-01-31 07115727 d:ComputerEquipment 2023-02-01 2024-01-31 07115727 d:ComputerEquipment 2024-01-31 07115727 d:ComputerEquipment 2023-01-31 07115727 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07115727 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 07115727 d:OtherPropertyPlantEquipment 2024-01-31 07115727 d:OtherPropertyPlantEquipment 2023-01-31 07115727 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07115727 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07115727 d:ComputerSoftware 2024-01-31 07115727 d:ComputerSoftware 2023-01-31 07115727 d:CurrentFinancialInstruments 2024-01-31 07115727 d:CurrentFinancialInstruments 2023-01-31 07115727 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07115727 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07115727 d:ShareCapital 2024-01-31 07115727 d:ShareCapital 2023-01-31 07115727 d:RetainedEarningsAccumulatedLosses 2024-01-31 07115727 d:RetainedEarningsAccumulatedLosses 2023-01-31 07115727 c:FRS102 2023-02-01 2024-01-31 07115727 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07115727 c:FullAccounts 2023-02-01 2024-01-31 07115727 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07115727 2 2023-02-01 2024-01-31 07115727 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 07115727 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 07115727 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 07115727










CLEAR PATH ANALYSIS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CLEAR PATH ANALYSIS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CLEAR PATH ANALYSIS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clear Path Analysis Limited for the year ended 31 January 2024 which comprise  the 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Clear Path Analysis Limited in accordance with the terms of our engagement letter dated 8th November 2018Our work has been undertaken solely to prepare for your approval the financial statements of Clear Path Analysis Limited and state those matters that we have agreed to state to the director of Clear Path Analysis Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clear Path Analysis Limited and its director for our work or for this report. 

It is your duty to ensure that Clear Path Analysis 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 Clear Path Analysis Limited. You consider that Clear Path Analysis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Clear Path Analysis 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.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-Sea
Essex
SS0 9PE
30 October 2024
Page 1

 
CLEAR PATH ANALYSIS LIMITED
REGISTERED NUMBER: 07115727

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1
1

Tangible assets
 5 
13,717
30,608

  
13,718
30,609

Current assets
  

Debtors: amounts falling due within one year
 6 
251,979
258,042

Cash at bank and in hand
 7 
152,348
165,835

  
404,327
423,877

Creditors: amounts falling due within one year
 8 
(285,985)
(216,903)

Net current assets
  
 
 
118,342
 
 
206,974

Total assets less current liabilities
  
132,060
237,583

Provisions for liabilities
  

Deferred tax
 9 
(4,799)
(6,683)

  
 
 
(4,799)
 
 
(6,683)

Net assets
  
127,261
230,900


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
126,261
229,900

  
127,261
230,900


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2024.

N Hillmann
Page 2

 
CLEAR PATH ANALYSIS LIMITED
REGISTERED NUMBER: 07115727

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
CLEAR PATH ANALYSIS LIMITED
 

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

1.


General information

Clear Path Analysis Limited is a private company limited by shares and incorporated in England. Its registered office is Kingsridge House, 601 London Road, Westcliff-On-Sea, SS0 9PE.
The principal place of business is The Business Design Centre, 52 Upper Street, London, N1 0QH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
CLEAR PATH ANALYSIS LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
CLEAR PATH ANALYSIS LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight Line
Website costs
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
CLEAR PATH ANALYSIS LIMITED
 

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

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 7

 
CLEAR PATH ANALYSIS LIMITED
 

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

4.


Intangible assets




Computer software

£



Cost


At 1 February 2023
20,000



At 31 January 2024

20,000



Amortisation


At 1 February 2023
19,999



At 31 January 2024

19,999



Net book value



At 31 January 2024
1



At 31 January 2023
1




5.


Tangible fixed assets





Computer equipment
Website costs
Total

£
£
£



Cost or valuation


At 1 February 2023
22,845
101,500
124,345



At 31 January 2024

22,845
101,500
124,345



Depreciation


At 1 February 2023
10,789
82,948
93,737


Charge for the year on owned assets
5,336
11,555
16,891



At 31 January 2024

16,125
94,503
110,628



Net book value



At 31 January 2024
6,720
6,997
13,717



At 31 January 2023
12,056
18,552
30,608

Page 8

 
CLEAR PATH ANALYSIS LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
134,320
147,761

Other debtors
20,249
29,391

Prepayments and accrued income
97,410
80,890

251,979
258,042



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
152,348
165,835

152,348
165,835



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
15,499
29,152

Bills of exchange
(150)
(650)

Corporation tax
17,445
20,956

Other taxation and social security
4,165
-

Other creditors
6,599
5,430

Accruals and deferred income
242,427
162,015

285,985
216,903



9.


Deferred taxation




2024


£






At beginning of year
(6,683)


Charged to profit or loss
1,884



At end of year
(4,799)

Page 9

 
CLEAR PATH ANALYSIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,799)
(6,683)

(4,799)
(6,683)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £8,661 (2023 - £4,952). Contributions totalling £1,519 (2023 - £1,750) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

During the period their were no transactions with the director 


Page 10