IRIS Accounts Production v24.3.0.553 07564540 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075645402023-03-31075645402024-03-31075645402023-04-012024-03-31075645402022-03-31075645402022-04-012023-03-31075645402023-03-3107564540ns15:EnglandWales2023-04-012024-03-3107564540ns14:PoundSterling2023-04-012024-03-3107564540ns10:Director12023-04-012024-03-3107564540ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107564540ns10:SmallEntities2023-04-012024-03-3107564540ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107564540ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107564540ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107564540ns10:AbridgedAccounts2023-04-012024-03-310756454012023-04-012024-03-3107564540ns10:RegisteredOffice2023-04-012024-03-3107564540ns5:CurrentFinancialInstruments2024-03-3107564540ns5:CurrentFinancialInstruments2023-03-3107564540ns5:Non-currentFinancialInstruments2024-03-3107564540ns5:Non-currentFinancialInstruments2023-03-3107564540ns5:ShareCapital2024-03-3107564540ns5:ShareCapital2023-03-3107564540ns5:RetainedEarningsAccumulatedLosses2024-03-3107564540ns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: 07564540 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

COMPLIANCE CLARITY LIMITED

COMPLIANCE CLARITY LIMITED (REGISTERED NUMBER: 07564540)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


COMPLIANCE CLARITY LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: D A Wylie





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 07564540 (England and Wales)

COMPLIANCE CLARITY LIMITED (REGISTERED NUMBER: 07564540)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 35,003 1,355
Cash at bank 72,003 90,883
107,006 92,238
CREDITORS
Amounts falling due within one year 46,436 34,801
NET CURRENT ASSETS 60,570 57,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,570

57,437

CREDITORS
Amounts falling due after more than one year 17,622 20,780
NET ASSETS 42,948 36,657

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,848 36,557
SHAREHOLDERS' FUNDS 42,948 36,657

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





D A Wylie - Director


COMPLIANCE CLARITY LIMITED (REGISTERED NUMBER: 07564540)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Compliance Clarity 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the director considers to be appropriate, as he has agreed to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover
Turnover represents sales of IT consultancy services during the year, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to depreciate assets over their estimated useful life:

Office equipment - 25% on cost

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

COMPLIANCE CLARITY LIMITED (REGISTERED NUMBER: 07564540)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 4,695
AMORTISATION
At 1 April 2023
and 31 March 2024 4,695
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 6,617
DEPRECIATION
At 1 April 2023
and 31 March 2024 6,617
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -