IRIS Accounts Production v24.3.2.46 09042397 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090423972023-05-31090423972024-05-31090423972023-06-012024-05-31090423972022-05-31090423972022-06-012023-05-31090423972023-05-3109042397ns15:EnglandWales2023-06-012024-05-3109042397ns14:PoundSterling2023-06-012024-05-3109042397ns10:Director12023-06-012024-05-3109042397ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109042397ns10:SmallEntities2023-06-012024-05-3109042397ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3109042397ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109042397ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109042397ns10:FullAccounts2023-06-012024-05-310904239712023-06-012024-05-3109042397ns10:OrdinaryShareClass12023-06-012024-05-3109042397ns10:OrdinaryShareClass22023-06-012024-05-3109042397ns10:Director22023-06-012024-05-3109042397ns10:CompanySecretary12023-06-012024-05-3109042397ns10:RegisteredOffice2023-06-012024-05-3109042397ns5:CurrentFinancialInstruments2024-05-3109042397ns5:CurrentFinancialInstruments2023-05-3109042397ns5:ShareCapital2024-05-3109042397ns5:ShareCapital2023-05-3109042397ns5:RetainedEarningsAccumulatedLosses2024-05-3109042397ns5:RetainedEarningsAccumulatedLosses2023-05-3109042397ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3109042397ns5:ComputerSoftware2023-06-012024-05-3109042397ns5:PlantMachinery2023-06-012024-05-3109042397ns5:IntangibleAssetsOtherThanGoodwill2023-05-3109042397ns5:IntangibleAssetsOtherThanGoodwill2024-05-3109042397ns5:IntangibleAssetsOtherThanGoodwill2023-05-3109042397ns5:PlantMachinery2023-05-3109042397ns5:PlantMachinery2024-05-3109042397ns5:PlantMachinery2023-05-3109042397ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3109042397ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3109042397ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-05-3109042397ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-05-3109042397ns10:OrdinaryShareClass12024-05-3109042397ns10:OrdinaryShareClass22024-05-3109042397ns5:RetainedEarningsAccumulatedLosses2023-05-3109042397ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-3109042397ns10:Director222023-05-3109042397ns10:Director222022-05-3109042397ns10:Director222023-06-012024-05-3109042397ns10:Director222022-06-012023-05-3109042397ns10:Director222024-05-3109042397ns10:Director222023-05-31090423971ns10:Director12023-05-31090423971ns10:Director12022-05-31090423971ns10:Director12023-06-012024-05-31090423971ns10:Director12022-06-012023-05-31090423971ns10:Director12024-05-31090423971ns10:Director12023-05-31
REGISTERED NUMBER: 09042397 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Clearline Associates Ltd

Clearline Associates Ltd (Registered number: 09042397)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clearline Associates Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: P N Stevens
L D Tew





SECRETARY:





REGISTERED OFFICE: 7 The Square
Great Notley
Essex
CM77 7WT





REGISTERED NUMBER: 09042397 (England and Wales)





ACCOUNTANTS: Simpson Accountancy
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
C09 3LZ

Clearline Associates Ltd (Registered number: 09042397)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,139 2,674
Tangible assets 5 - 103
2,139 2,777

CURRENT ASSETS
Debtors 6 96,556 95,654
Cash at bank and in hand 43,352 69,112
139,908 164,766
CREDITORS
Amounts falling due within one year 7 99,750 118,137
NET CURRENT ASSETS 40,158 46,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,297

49,406

CAPITAL AND RESERVES
Called up share capital 8 104 104
Retained earnings 9 42,193 49,302
SHAREHOLDERS' FUNDS 42,297 49,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:




P N Stevens - Director


Clearline Associates Ltd (Registered number: 09042397)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Clearline Associates Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

Clearline Associates Ltd (Registered number: 09042397)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 6,417
AMORTISATION
At 1 June 2023 3,743
Charge for year 535
At 31 May 2024 4,278
NET BOOK VALUE
At 31 May 2024 2,139
At 31 May 2023 2,674

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 3,096
DEPRECIATION
At 1 June 2023 2,993
Charge for year 103
At 31 May 2024 3,096
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 103

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 17,027 9,691
Amounts owed by group undertakings 3,380 2,180
Other debtors - 1,955
20,407 13,826

Clearline Associates Ltd (Registered number: 09042397)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 76,149 81,828

Aggregate amounts 96,556 95,654

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,736 41,204
Trade creditors 147 487
Amounts owed to group undertakings 32,377 40,426
Taxation and social security 28,464 34,692
Other creditors 3,026 1,328
99,750 118,137

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
4 Ordinary B £1 4 4
104 104

9. RESERVES
Retained
earnings
£   

At 1 June 2023 49,302
Profit for the year 32,491
Dividends (39,600 )
At 31 May 2024 42,193

Clearline Associates Ltd (Registered number: 09042397)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
L D Tew
Balance outstanding at start of year 2,312 675
Amounts advanced - 69,137
Amounts repaid - (67,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,312

P N Stevens
Balance outstanding at start of year 317 -
Amounts advanced - 22,817
Amounts repaid - (22,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 317

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,600 (2023 - £90,000) were paid to the directors .

As at 31st May 2024, the company had the following balances outstanding:
Feldon Associates Ltd owing £32,377
Homeview Ltd owed £3380
Number One Investment Ltd £76,149

Feldon Associates Ltd and Homeview Ltd are under common control, while Number One Investment Ltd, is under the control of Mr P Stevens.

12. ULTIMATE CONTROLLING PARTY

The controlling party is L D Tew.