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REGISTERED NUMBER: 03058118 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CLEARSERVE LIMITED

CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEARSERVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr LA Courtney
Mr B Courtney
Mr P Smith





SECRETARIES: Mr B Courtney
Mrs JM Courtney





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 03058118 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,196,547 3,188,117
Investments 6 1 1
3,196,548 3,188,118

CURRENT ASSETS
Debtors 7 390,615 299,802
Cash at bank and in hand 471,166 670,319
861,781 970,121
CREDITORS
Amounts falling due within one year 8 474,969 360,839
NET CURRENT ASSETS 386,812 609,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,583,360

3,797,400

CREDITORS
Amounts falling due after more than one year 9 (101,223 ) -

PROVISIONS FOR LIABILITIES 12 (278,557 ) (280,622 )
NET ASSETS 3,203,580 3,516,778

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,202,580 3,515,778
SHAREHOLDERS' FUNDS 3,203,580 3,516,778

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.

CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

BALANCE SHEET - continued
31 MAY 2024


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 24 January 2025 and were signed on its behalf by:





Mr P Smith - Director


CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Clearserve 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Clearserve 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land - 15% straight line basis
Plant and equipment - 25% straight line basis, 20% straight line basis, 20% on reducing balance and 10% straight line basis
Motor vehicles - 20% straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
land equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2023 2,729,367 1,826,738 1,276,427 5,832,532
Additions - 69,066 187,451 256,517
Disposals - (182,314 ) - (182,314 )
At 31 May 2024 2,729,367 1,713,490 1,463,878 5,906,735
DEPRECIATION
At 1 June 2023 795,111 1,172,848 676,456 2,644,415
Charge for year - 101,261 121,559 222,820
Eliminated on disposal - (157,047 ) - (157,047 )
At 31 May 2024 795,111 1,117,062 798,015 2,710,188
NET BOOK VALUE
At 31 May 2024 1,934,256 596,428 665,863 3,196,547
At 31 May 2023 1,934,256 653,890 599,971 3,188,117

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 102,500
Transfer to ownership (102,500 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 23,483
Charge for year 8,500
Transfer to ownership (31,983 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 79,017

CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
company
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 274,730 176,241
Other debtors 115,885 123,561
390,615 299,802

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 44,988 -
Hire purchase contracts (see note 10) - 11,588
Trade creditors 279,308 174,440
Social security and other taxes 41,572 56,667
Other creditors 99,601 109,821
Directors' current accounts 9,500 8,323
474,969 360,839

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 89,976 -
Other loans - 2-5 years 11,247 -
101,223 -

CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 11,588

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,765 6,765
Between one and five years 5,885 12,650
12,650 19,415

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 11,588

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 278,557 280,622

Deferred
tax
£   
Balance at 1 June 2023 280,622
Credit to Income Statement during year (2,065 )
Balance at 31 May 2024 278,557

The provision for deferred taxation is made up of accelerated capital allowances.

13. PENSION COMMITMENTS

The company operates two defined contribution pension schemes, for the directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £1,117 unpaid contributions (2023: £1,842).

CLEARSERVE LIMITED (REGISTERED NUMBER: 03058118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

14. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 216,942

15. RELATED PARTY DISCLOSURES

Included in creditors that are due within one year are:

Amount due to a company in which a director, holds an interest: £88,137 (2023: £88,137). This is an interest free loan repayable on demand.

Amount owing to directors was £9,500 (2023: £8,323).

Amount owing to a director in relation to a loan £140,223 (2023: £nil). This is being repaid monthly.