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Company No: 14847831 (England and Wales)

CLEVARA CONSULTANCY LIMITED

Unaudited Financial Statements
For the financial period from 04 May 2023 to 31 May 2024
Pages for filing with the registrar

CLEVARA CONSULTANCY LIMITED

Unaudited Financial Statements

For the financial period from 04 May 2023 to 31 May 2024

Contents

CLEVARA CONSULTANCY LIMITED

BALANCE SHEET

As at 31 May 2024
CLEVARA CONSULTANCY LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 31.05.2024
£
Fixed assets
Tangible assets 3 2,355
2,355
Current assets
Debtors 4 2,280
Cash at bank and in hand 47,579
49,859
Creditors: amounts falling due within one year 5 ( 44,659)
Net current assets 5,200
Total assets less current liabilities 7,555
Net assets 7,555
Capital and reserves
Called-up share capital 6 10
Profit and loss account 7,545
Total shareholder's funds 7,555

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Clevara Consultancy Limited (registered number: 14847831) were approved and authorised for issue by the Director on 13 January 2025. They were signed on its behalf by:

Mr N R Adey
Director
CLEVARA CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 04 May 2023 to 31 May 2024
CLEVARA CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 04 May 2023 to 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Clevara Consultancy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2-8 Towngate House Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period length is from 4th May 2023 to 31st May 2024, due to it being the first period of accounts.

Turnover

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
04.05.2023 to
31.05.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 04 May 2023 0 0 0
Additions 769 1,897 2,666
At 31 May 2024 769 1,897 2,666
Accumulated depreciation
At 04 May 2023 0 0 0
Charge for the financial period 84 227 311
At 31 May 2024 84 227 311
Net book value
At 31 May 2024 685 1,670 2,355

4. Debtors

31.05.2024
£
Trade debtors 2,280

5. Creditors: amounts falling due within one year

31.05.2024
£
Taxation and social security 41,467
Other creditors 3,192
44,659

6. Called-up share capital

31.05.2024
£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10