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REGISTERED NUMBER: 05442995 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Claritystamp Limited

Claritystamp Limited (Registered number: 05442995)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Claritystamp Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: B S Gray
D J Roe





REGISTERED OFFICE: Unit F Fircroft Way
Edenbridge
Kent
TN8 6EL





REGISTERED NUMBER: 05442995 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Claritystamp Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Claritystamp Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Claritystamp Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Claritystamp Limited and state those matters that we have agreed to state to the Board of Directors of Claritystamp Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Claritystamp Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Claritystamp Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Claritystamp Limited. You consider that Claritystamp Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Claritystamp Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


17 February 2025

Claritystamp Limited (Registered number: 05442995)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 83,443 80,979
Investments 6 259 259
83,702 81,238

CURRENT ASSETS
Stocks 7 199,479 201,935
Debtors 8 685,394 692,343
Cash at bank and in hand 94,451 170,085
979,324 1,064,363
CREDITORS
Amounts falling due within one year 9 292,322 296,812
NET CURRENT ASSETS 687,002 767,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

770,704

848,789

PROVISIONS FOR LIABILITIES 15,173 15,173
NET ASSETS 755,531 833,616

Claritystamp Limited (Registered number: 05442995)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 755,431 833,516
SHAREHOLDERS' FUNDS 755,531 833,616

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 17 February 2025 and were signed on its behalf by:





B S Gray - Director


Claritystamp Limited (Registered number: 05442995)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Claritystamp 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Claritystamp Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for the manufacture of art stamps and stencils, stated net of discounts and of value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is
probable that future economic benefits will flow to the company.

Goodwill
Intangible fixed assets are stated at cost less accumulated amortisation and any accumulated impairment
losses.

Amortisation is charged so as to allocate the cost of intangible assets less their residual values over their useful economic life, using the straight line method.

The intangible assets are amortised over the following useful economic lives:

Goodwill - 10 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost per annum
Fixtures and fittings - 20% on cost per annum
Motor vehicles - 25% on cost per annum
Computer equipment - 33% on cost per annum

Investments in subsidiaries
Investments in subsidiary undertakings are accounted for at cost less impairment in the individual financialstatements.

Claritystamp Limited (Registered number: 05442995)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Claritystamp Limited (Registered number: 05442995)

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 21 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 65,690
AMORTISATION
At 1 June 2023
and 31 May 2024 65,690
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 63,649 537,871 53,340 54,337 709,197
Additions - 35,999 - 2,015 38,014
At 31 May 2024 63,649 573,870 53,340 56,352 747,211
DEPRECIATION
At 1 June 2023 43,361 485,097 47,213 52,547 628,218
Charge for year 6,364 28,330 - 856 35,550
At 31 May 2024 49,725 513,427 47,213 53,403 663,768
NET BOOK VALUE
At 31 May 2024 13,924 60,443 6,127 2,949 83,443
At 31 May 2023 20,288 52,774 6,127 1,790 80,979

Claritystamp Limited (Registered number: 05442995)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 259
NET BOOK VALUE
At 31 May 2024 259
At 31 May 2023 259

7. STOCKS
2024 2023
£    £   
Finished goods 199,479 201,935

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,931 54,132
Amounts owed by group undertakings 506,073 529,584
Loans 7,400 13,358
S455 tax - 33,072
Prepayments and accrued income 61,990 62,197
685,394 692,343

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 192,050 185,026
Tax 24,612 28,084
Social security and other taxes 11,319 17,941
VAT 36,259 31,534
Other creditors 2,506 6,901
Directors' current accounts 10,668 10,668
Accrued expenses 14,908 16,658
292,322 296,812

Claritystamp Limited (Registered number: 05442995)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 85,000 85,000
Between one and five years 340,000 340,000
In more than five years 49,583 134,583
474,583 559,583

11. DIRECTORS' ADVANCES

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

2024 2023
£    £   
B S Gray and D J Roe
Balance outstanding at start of year - 79,478
Amounts repaid - (79,478 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -