CLARITY DRINKS LTD 14509156 false 2022-11-28 2023-11-30 2023-11-30 The principal activity of the company is Wholesale of fruit and vegetable juices, mineral water and soft drinks Digita Accounts Production Advanced 6.30.9574.0 true true 14509156 2022-11-28 2023-11-30 14509156 2023-11-30 14509156 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-11-30 14509156 core:CurrentFinancialInstruments 2023-11-30 14509156 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 14509156 bus:SmallEntities 2022-11-28 2023-11-30 14509156 bus:AuditExemptWithAccountantsReport 2022-11-28 2023-11-30 14509156 bus:FilletedAccounts 2022-11-28 2023-11-30 14509156 bus:SmallCompaniesRegimeForAccounts 2022-11-28 2023-11-30 14509156 bus:RegisteredOffice 2022-11-28 2023-11-30 14509156 bus:Director1 2022-11-28 2023-11-30 14509156 bus:Director2 2022-11-28 2023-11-30 14509156 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-11-28 2023-11-30 14509156 bus:PrivateLimitedCompanyLtd 2022-11-28 2023-11-30 14509156 countries:EnglandWales 2022-11-28 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14509156

CLARITY DRINKS LTD

Unaudited Filleted Financial Statements

for the Period from 28 November 2022 to 30 November 2023

 

CLARITY DRINKS LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

CLARITY DRINKS LTD

Company Information

Directors

Daniel Hutchens

Christopher Hutchens

Registered office

Abnash Barn Abnash
Chalford Hill
Stroud
GL6 8QN

Accountants

Clever Accounts Ltd
Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB

 

CLARITY DRINKS LTD

(Registration number: 14509156)
Balance Sheet as at 30 November 2023

Note

2023
£

Current assets

 

Stocks

4

4,101

Debtors

514

Cash at bank and in hand

 

1,911

 

6,526

Creditors: Amounts falling due within one year

(23,770)

Net liabilities

 

(17,244)

Capital and reserves

 

Called up share capital

5

1

Retained earnings

(17,245)

Shareholders' deficit

 

(17,244)

For the financial period ending 30 November 2023 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 period 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.

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

.........................................

Daniel Hutchens
Director

 

CLARITY DRINKS LTD

Notes to the Unaudited Financial Statements for the Period from 28 November 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Abnash Barn Abnash
Chalford Hill
Stroud
GL6 8QN

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.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

CLARITY DRINKS LTD

Notes to the Unaudited Financial Statements for the Period from 28 November 2022 to 30 November 2023

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Stocks

2023
£

Other inventories

4,101

5

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Share Capital of £0.00 each

105,264

1