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Company Registration No. 12173839 (England and Wales)
CLEVERSPARK LTD Unaudited accounts for the year ended 31 August 2024
CLEVERSPARK LTD Unaudited accounts Contents
Page
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CLEVERSPARK LTD Company Information for the year ended 31 August 2024
Director
Stephen McGourty
Company Number
12173839 (England and Wales)
Registered Office
8A ST. PETERS RISE BRISTOL BS13 7LY ENGLAND
Accountants
Space Advisory and Accountancy Limited 19 Malago Drive Bristol BS3 5DR
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CLEVERSPARK LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,675 
18,541 
Current assets
Debtors
14,144 
7,949 
Cash at bank and in hand
(4,090)
(5,761)
10,054 
2,188 
Creditors: amounts falling due within one year
(8,165)
(10,322)
Net current assets/(liabilities)
1,889 
(8,134)
Total assets less current liabilities
15,564 
10,407 
Creditors: amounts falling due after more than one year
(13,258)
(17,532)
Provisions for liabilities
Deferred tax
(1,692)
- 
Net assets/(liabilities)
614 
(7,125)
Capital and reserves
Share premium
1 
1 
Profit and loss account
613 
(7,126)
Shareholders' funds
614 
(7,125)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2025 and were signed on its behalf by
Stephen McGourty Director Company Registration No. 12173839
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CLEVERSPARK LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
CLEVERSPARK LTD is a private company, limited by shares, registered in England and Wales, registration number 12173839. The registered office is 8A ST. PETERS RISE, BRISTOL, BS13 7LY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
23,012 
790 
23,802 
At 31 August 2024
23,012 
790 
23,802 
Depreciation
At 1 September 2023
4,603 
658 
5,261 
Charge for the year
4,603 
263 
4,866 
At 31 August 2024
9,206 
921 
10,127 
Net book value
At 31 August 2024
13,806 
(131)
13,675 
At 31 August 2023
18,409 
132 
18,541 
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CLEVERSPARK LTD Notes to the Accounts for the year ended 31 August 2024
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
13,806 
18,409 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,502 
- 
Deferred tax asset
1,643 
Other debtors
12,642 
6,306 
14,144 
7,949 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,036 
1,252 
Obligations under finance leases and hire purchase contracts
4,275 
3,786 
Trade creditors
122 
4,684 
Taxes and social security
132 
- 
Accruals
600 
600 
8,165 
10,322 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
13,258 
17,532 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Stephen McGourty
Loan
5,996 
30,892 
24,569 
12,319 
5,996 
30,892 
24,569 
12,319 
Interest on the directors loan is charged in line with HMRC guidance
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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