IRIS Accounts Production v24.3.2.46 06019611 director 1.1.24 31.12.24 31.12.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060196112023-12-31060196112024-12-31060196112024-01-012024-12-31060196112022-12-31060196112023-01-012023-12-31060196112023-12-3106019611ns15:EnglandWales2024-01-012024-12-3106019611ns14:PoundSterling2024-01-012024-12-3106019611ns10:Director12024-01-012024-12-3106019611ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106019611ns10:SmallEntities2024-01-012024-12-3106019611ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3106019611ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106019611ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106019611ns10:FullAccounts2024-01-012024-12-310601961112024-01-012024-12-3106019611ns10:CompanySecretary12024-01-012024-12-3106019611ns10:RegisteredOffice2024-01-012024-12-3106019611ns5:CurrentFinancialInstruments2024-12-3106019611ns5:CurrentFinancialInstruments2023-12-3106019611ns5:ShareCapital2024-12-3106019611ns5:ShareCapital2023-12-3106019611ns5:RetainedEarningsAccumulatedLosses2024-12-3106019611ns5:RetainedEarningsAccumulatedLosses2023-12-3106019611ns5:NetGoodwill2024-01-012024-12-3106019611ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3106019611ns5:PlantMachinery2024-01-012024-12-3106019611ns5:NetGoodwill2023-12-3106019611ns5:NetGoodwill2024-12-3106019611ns5:NetGoodwill2023-12-3106019611ns5:PlantMachinery2023-12-3106019611ns5:PlantMachinery2024-12-3106019611ns5:PlantMachinery2023-12-3106019611ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106019611ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31060196111ns10:Director12023-12-31060196111ns10:Director12022-12-31060196111ns10:Director12024-01-012024-12-31060196111ns10:Director12023-01-012023-12-31060196111ns10:Director12024-12-31060196111ns10:Director12023-12-31
REGISTERED NUMBER: 06019611 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Clearest.Co.UK Limited

Clearest.Co.UK Limited (Registered number: 06019611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clearest.Co.UK Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: M R Cutts





SECRETARY: Mrs I.E Cutts





REGISTERED OFFICE: The Castle
29 Stoneheads
Whaley Bridge
Derbyshire
SK23 7BB





REGISTERED NUMBER: 06019611 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE

Clearest.Co.UK Limited (Registered number: 06019611)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,103 4,137
3,103 4,137

CURRENT ASSETS
Debtors 6 27,288 37,431
Cash at bank 178,284 193,297
205,572 230,728
CREDITORS
Amounts falling due within one year 7 5,191 25,791
NET CURRENT ASSETS 200,381 204,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,484

209,074

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 203,284 208,874
SHAREHOLDERS' FUNDS 203,484 209,074

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 March 2025 and were signed by:





M R Cutts - Director


Clearest.Co.UK Limited (Registered number: 06019611)

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

1. STATUTORY INFORMATION

Clearest.Co.UK 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised over its estimated useful life of 10 years.

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.

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 - 33% on cost, 25% on reducing balance and 10% on cost

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.

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.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Clearest.Co.UK Limited (Registered number: 06019611)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 671,700
AMORTISATION
At 1 January 2024
and 31 December 2024 671,700
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 40,377
DEPRECIATION
At 1 January 2024 36,240
Charge for year 1,034
At 31 December 2024 37,274
NET BOOK VALUE
At 31 December 2024 3,103
At 31 December 2023 4,137

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,446 34,719
Other debtors 8,842 2,712
27,288 37,431

Clearest.Co.UK Limited (Registered number: 06019611)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 408 745
Taxation and social security 2,335 23,092
Other creditors 2,448 1,954
5,191 25,791

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
M R Cutts
Balance outstanding at start of year 2,487 -
Amounts advanced 2,956 2,487
Amounts repaid (4,628 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 815 2,487

At the balance sheet date, the director owed the company £815 (£2,487: 2023). This amount was repaid after the year end and was interest free.