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REGISTERED NUMBER: 09074009 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CLEAR FUTURE WEALTH MANAGEMENT LIMITED

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)






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 FUTURE WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: A Melia





REGISTERED OFFICE: 59 Wostenholm Road
Sheffield
S7 1LE





REGISTERED NUMBER: 09074009 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,161 22,535
Investments 5 10,366 24,827
29,527 47,362

CURRENT ASSETS
Debtors 6 40,000 25,000
Cash at bank 19,258 10,111
59,258 35,111
CREDITORS
Amounts falling due within one year 7 49,432 33,801
NET CURRENT ASSETS 9,826 1,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,353

48,672

CREDITORS
Amounts falling due after more than
one year

8

(32,261

)

(40,374

)

PROVISIONS FOR LIABILITIES (3,913 ) (4,269 )
NET ASSETS 3,179 4,029

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

BALANCE SHEET - continued
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 10 1,163 (52 )
Retained earnings 2,006 4,071
SHAREHOLDERS' FUNDS 3,179 4,029

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 director acknowledges his 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.

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 director and authorised for issue on 28 November 2024 and were signed by:





A Melia - Director


CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Clear Future Wealth Management 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

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. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 29,303 380 29,683
DEPRECIATION
At 1 March 2023 6,768 380 7,148
Charge for year 3,374 - 3,374
At 29 February 2024 10,142 380 10,522
NET BOOK VALUE
At 29 February 2024 19,161 - 19,161
At 28 February 2023 22,535 - 22,535

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 24,827
Additions 1,048
Disposals (17,009 )
Revaluations 1,500
At 29 February 2024 10,366
NET BOOK VALUE
At 29 February 2024 10,366
At 28 February 2023 24,827

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2022 (2,026 )
Valuation in 2023 1,962
Valuation in 2024 1,500
Cost 8,930
10,366

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 40,000 25,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 9,710 6,910
Taxation and social security 2,823 2,920
Other creditors 36,899 23,971
49,432 33,801

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 32,261 40,374

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 4,800 4,800

CLEAR FUTURE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09074009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. RESERVES
Fair
value
reserve
£   
At 1 March 2023 (52 )
Fair value movement 1,215

At 29 February 2024 1,163

11. ULTIMATE CONTROLLING PARTY

The controlling party is A Melia.