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REGISTERED NUMBER: SC442167 (Scotland)















Financial Statements for the Year Ended 29 February 2024

for

CLARITY MARKETING (UK) LIMITED

CLARITY MARKETING (UK) LIMITED (REGISTERED NUMBER: SC442167)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


CLARITY MARKETING (UK) LIMITED (REGISTERED NUMBER: SC442167)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 1,115 1,317

Current assets
Debtors 5 84,943 54,331
Cash at bank 111,219 117,250
196,162 171,581
Creditors
Amounts falling due within one year 6 (59,315 ) (45,955 )
Net current assets 136,847 125,626
Total assets less current liabilities 137,962 126,943

Capital and reserves
Called up share capital 7 100 100
Retained earnings 137,862 126,843
Shareholders' funds 137,962 126,943

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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





G A Hendry - Director


CLARITY MARKETING (UK) LIMITED (REGISTERED NUMBER: SC442167)

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


1. Statutory information

Clarity Marketing (UK) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC442167

Registered office: 18 St Clair Terrace
Edinburgh
EH10 5NW

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the marketing and consultancy services is recognised by reference to the stage of completion of the contract. The stage of completion of contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Computer equipment - 50% on cost
Office equipment -25% on reducing balance

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

CLARITY MARKETING (UK) LIMITED (REGISTERED NUMBER: SC442167)

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 money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Rentals and operating leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Computer
and
office
equipment
£   
Cost
At 1 March 2023 5,480
Additions 443
At 29 February 2024 5,923
Depreciation
At 1 March 2023 4,163
Charge for year 645
At 29 February 2024 4,808
Net book value
At 29 February 2024 1,115
At 28 February 2023 1,317

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 65,400 35,088
Other debtors 19,543 19,243
84,943 54,331

CLARITY MARKETING (UK) LIMITED (REGISTERED NUMBER: SC442167)

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


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,490 5,057
Taxation and social security 40,574 23,219
Other creditors 17,251 17,679
59,315 45,955

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
G A Hendry and Mrs K Hendry
Balance outstanding at start of year 18,513 35,773
Amounts advanced 73,680 47,797
Amounts repaid (73,100 ) (65,057 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,093 18,513