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REGISTERED NUMBER: SC558221 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Clear Vision Highland Ltd

Clear Vision Highland Ltd (Registered number: SC558221)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clear Vision Highland Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M Helliwell
Mrs V C Helliwell





REGISTERED OFFICE: 1 Logie Place
Conon Bridge
IV7 8BP





REGISTERED NUMBER: SC558221 (Scotland)





ACCOUNTANTS: Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB

Clear Vision Highland Ltd (Registered number: SC558221)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 9,000
Tangible assets 5 20,180 22,054
28,180 31,054

CURRENT ASSETS
Debtors 6 666 666
Cash at bank 8,562 7,175
9,228 7,841
CREDITORS
Amounts falling due within one year 7 10,166 10,380
NET CURRENT LIABILITIES (938 ) (2,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,242

28,515

PROVISIONS FOR LIABILITIES 3,817 4,067
NET ASSETS 23,425 24,448

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 23,225 24,248
SHAREHOLDERS' FUNDS 23,425 24,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Clear Vision Highland Ltd (Registered number: SC558221)

Balance Sheet - continued
29 February 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 1 October 2024 and were signed on its behalf by:





M Helliwell - Director


Clear Vision Highland Ltd (Registered number: SC558221)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Clear Vision Highland Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twelve years.

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 - 25% on reducing balance

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.

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.

Clear Vision Highland Ltd (Registered number: SC558221)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 12,000
AMORTISATION
At 1 March 2023 3,000
Charge for year 1,000
At 29 February 2024 4,000
NET BOOK VALUE
At 29 February 2024 8,000
At 28 February 2023 9,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 37,766
Additions 5,022
Disposals (676 )
At 29 February 2024 42,112
DEPRECIATION
At 1 March 2023 15,712
Charge for year 6,696
Eliminated on disposal (476 )
At 29 February 2024 21,932
NET BOOK VALUE
At 29 February 2024 20,180
At 28 February 2023 22,054

Clear Vision Highland Ltd (Registered number: SC558221)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 666 666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 95 184
Taxation and social security 3,207 3,708
Other creditors 6,864 6,488
10,166 10,380