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REGISTERED NUMBER: 07960649 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Clearview Decking and Driveways Limited

Clearview Decking and Driveways Limited (Registered number: 07960649)






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


Clearview Decking and Driveways Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J Milton
R Berriman





SECRETARY: J Milton





REGISTERED OFFICE: 1 Claremount Road
Wallasey
Merseyside
CH44 2BN





REGISTERED NUMBER: 07960649 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Clearview Decking and Driveways Limited (Registered number: 07960649)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,391 18,050

CURRENT ASSETS
Stocks 8,027 12,098
Debtors 5 47,118 42,823
Cash in hand 3,533 -
58,678 54,921
CREDITORS
Amounts falling due within one year 6 49,801 61,452
NET CURRENT ASSETS/(LIABILITIES) 8,877 (6,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,268

11,519

CREDITORS
Amounts falling due after more than
one year

7

29,246

44,250
NET LIABILITIES (5,978 ) (32,731 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,078 ) (32,831 )
SHAREHOLDERS' FUNDS (5,978 ) (32,731 )

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.

Clearview Decking and Driveways Limited (Registered number: 07960649)

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 18 November 2024 and were signed on its behalf by:





J Milton - Director


Clearview Decking and Driveways Limited (Registered number: 07960649)

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

1. STATUTORY INFORMATION

Clearview Decking and Driveways 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Income is recognised on the fair value of the construction of decking and the laying of driveways during the year. Sales are recognised when the work is complete. Turnover is reported net of discounts, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Clearview Decking and Driveways Limited (Registered number: 07960649)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 5 ) .

Clearview Decking and Driveways Limited (Registered number: 07960649)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 34,656
DEPRECIATION
At 1 March 2023 16,606
Charge for year 3,659
At 29 February 2024 20,265
NET BOOK VALUE
At 29 February 2024 14,391
At 28 February 2023 18,050

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 12,695
DEPRECIATION
At 1 March 2023 3,174
Charge for year 2,380
At 29 February 2024 5,554
NET BOOK VALUE
At 29 February 2024 7,141
At 28 February 2023 9,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 47,118 42,823

Clearview Decking and Driveways Limited (Registered number: 07960649)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 7,541 7,867
Hire purchase contracts 2,747 2,747
Trade creditors 24,259 18,927
Taxation and social security 4,681 2,725
Other creditors 10,573 29,186
49,801 61,452

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 25,355 28,962
Hire purchase contracts 3,891 6,638
Other creditors - 8,650
29,246 44,250

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 6,638 9,385

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

R Berriman, a director, operates a loan account with the company to which transactions of a private nature are charged.

Included in other debtors as at 28th February 2024 is £34,401 (2023 £29,078) owing from R Berriman.

Interest was charged on this balance at a rate of 2.25%.