CLEAR SPECTRUM LTD

Company Registration Number:
09998541 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

CLEAR SPECTRUM LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

CLEAR SPECTRUM LTD

Company Information

for the Period Ended 29 February 2024




Director: Obinna Michael Ndulue
Registered office: 19
George Street
Luton
Bedfordshire
England
LU1 2AF
Company Registration Number: 09998541 (England and Wales)

CLEAR SPECTRUM LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Obinna Michael Ndulue

This report was approved by the board of directors on 19 November 2024
And Signed On Behalf Of The Board By:

Name: Obinna Michael Ndulue
Status: Director

CLEAR SPECTRUM LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 49,096 48,644
Total fixed assets: 49,096 48,644
Current assets
Debtors: 5 150,277 147,277
Cash at bank and in hand: 48,634 69,666
Total current assets: 198,911 216,943
Creditors: amounts falling due within one year: 6 ( 44,561 ) ( 62,364 )
Net current assets (liabilities): 154,350 154,579
Total assets less current liabilities: 203,446 203,223
Total net assets (liabilities): 203,446 203,223

The notes form part of these financial statements

CLEAR SPECTRUM LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 203,346 203,123
Shareholders funds: 203,446 203,223

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 November 2024
And Signed On Behalf Of The Board By:

Name: Obinna Michael Ndulue
Status: Director

The notes form part of these financial statements

CLEAR SPECTRUM LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CLEAR SPECTRUM LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 50 50

CLEAR SPECTRUM LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

CLEAR SPECTRUM LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 March 2023 38,071 26,835 64,906
Additions 5,987 - 5,987
Disposals - - -
Revaluations - - -
Transfers - - -
At 29 February 2024 44,058 26,835 70,893
Depreciation
At 01 March 2023 11,001 5,261 16,262
Charge for year 3,378 2,157 5,535
On disposals - - -
Other adjustments - - -
At 29 February 2024 14,379 7,418 21,797
Net book value
At 29 February 2024 29,679 19,417 49,096
At 28 February 2023 27,070 21,574 48,644

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 10% reducing balance
Motor vehicles - 10% reducing balance.

CLEAR SPECTRUM LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Debtors


2024
£

2023
£
Other debtors 150,277 147,277
Total 150,277 147,277

CLEAR SPECTRUM LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 43,772 57,261
Other creditors 789 5,103
Total 44,561 62,364