Cleaner Seas Group Limited Filleted Accounts Cover
Cleaner Seas Group Limited
Company No. 11659110
Information for Filing with The Registrar
30 November 2023
Cleaner Seas Group Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 November 2023.
Principal activities
The principal activity of the company during the year under review was manufacturing not mentioned elsewhere.
Directors
The Directors who served at any time during the year were as follows:
M.L. Klosowski
D. Miller
A. Sainsbury
J. Sirmon
G. Skelton
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D. Miller
Director
09 September 2024
Cleaner Seas Group Limited Balance Sheet Registrar
at
30 November 2023
Company No.
11659110
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
669,624669,624
Tangible assets
5
132,34764,082
801,971733,706
Current assets
Stocks
6
80,800-
Debtors
7
12,30823,860
Cash at bank and in hand
12,101227,721
105,209251,581
Creditors: Amount falling due within one year
8
(34,844)
(104,125)
Net current assets
70,365147,456
Total assets less current liabilities
872,336881,162
Creditors: Amounts falling due after more than one year
9
(406,216)
(216,216)
Net assets
466,120664,946
Capital and reserves
Called up share capital
820,008
Share premium account
11
1,611,2601,133,197
Profit and loss account
11
(1,145,147)
(488,259)
Total equity
466,120664,946
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 09 September 2024 and signed on its behalf by:
D. Miller
Director
09 September 2024
Cleaner Seas Group Limited Notes to the Accounts Registrar
for the year ended 30 November 2023
1
General information
Cleaner Seas Group Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11659110
Its registered office is:
Unit 2K
Stratton View Buisness Park
Holsworthy Road
Bude, Cornwall
EX23 9NR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Reducing Balance
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line. The relevant Research and Development Credit is shown in 'Other Operating Income'.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
30
4
Intangible fixed assets
Patents & Trademarks
Total
£
£
Cost
At 1 December 2022
669,624669,624
At 30 November 2023
669,624669,624
Amortisation and impairment
Net book values
At 30 November 2023
669,624669,624
At 30 November 2022
669,624669,624
5
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 December 2022
80,10280,102
Additions
105,357105,357
At 30 November 2023
185,459185,459
Depreciation
At 1 December 2022
16,02016,020
Charge for the year
37,09237,092
At 30 November 2023
53,11253,112
Net book values
At 30 November 2023
132,347132,347
At 30 November 2022
64,082
64,082
6
Stocks
2023
2022
£
£
Raw materials and consumables
80,800-
80,800-
7
Debtors
2023
2022
£
£
VAT recoverable
12,30823,860
12,30823,860
8
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
30,231103,686
Taxes and social security
2,872
409
Loans from directors
73731
Other creditors
1,003-
Accruals and deferred income
1
(1)
34,844104,125
9
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other loans
190,000-
Other creditors
216,216216,216
406,216216,216
10
Share Capital
Ordinary shares
11
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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