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Registration number: 04734642

Clearview Aerials Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Clearview Aerials Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Clearview Aerials Limited

Company Information

Directors

Mr C Abell Parker

Mrs D Abell Parker

Company secretary

Mrs D Abell Parker

Registered office

14 Ashton Cross
East Wellow
Romsey
Hampshire
SO51 6AY

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Clearview Aerials Limited

(Registration number: 04734642)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,878

7,364

Current assets

 

Stocks

5

5,314

9,517

Debtors

6

15,389

5,359

Cash at bank and in hand

 

19,554

19,951

 

40,257

34,827

Creditors: Amounts falling due within one year

7

(30,491)

(28,339)

Net current assets

 

9,766

6,488

Total assets less current liabilities

 

14,644

13,852

Provisions for liabilities

(927)

(1,399)

Net assets

 

13,717

12,453

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

13,617

12,353

Shareholders' funds

 

13,717

12,453

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Clearview Aerials Limited

(Registration number: 04734642)
Balance Sheet as at 31 March 2024 (continued)

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
Mr C Abell Parker
Director

 

Clearview Aerials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
14 Ashton Cross
East Wellow
Romsey
Hampshire
SO51 6AY

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Clearview Aerials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Fixtures and Fittings

25% Reducing Balance

Computer Equipment

33% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Clearview Aerials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Clearview Aerials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

4,221

4,327

3,206

24,067

35,821

At 31 March 2024

4,221

4,327

3,206

24,067

35,821

Depreciation

At 1 April 2023

3,364

4,152

1,509

19,432

28,457

Charge for the year

215

44

1,068

1,159

2,486

At 31 March 2024

3,579

4,196

2,577

20,591

30,943

Carrying amount

At 31 March 2024

642

131

629

3,476

4,878

At 31 March 2023

857

175

1,697

4,635

7,364

5

Stocks

2024
£

2023
£

Other inventories

5,314

9,517

6

Debtors

Current

2024
£

2023
£

Trade debtors

14,450

4,633

Prepayments

939

726

 

15,389

5,359

7

Creditors

Creditors: amounts falling due within one year

 

Clearview Aerials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors (continued)

2024
£

2023
£

Due within one year

Trade creditors

9,201

6,939

Taxation and social security

14,244

12,825

Accruals and deferred income

-

3,070

Other creditors

7,046

5,505

30,491

28,339

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Dividends

2024

2023

£

£

Interim dividend of £272.40 (2023 - £470.00) per ordinary share

27,240

47,000

 

 
 

Clearview Aerials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

10

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Funds introduced by the director
£

At 31 March 2024
£

Mr C Abell Parker

The loan is interest free with no fixed date of repayment.

(1,490)

(1,051)

(2,541)