2023-04-012024-03-312024-03-31false08945468CLARITER 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CLARITER LTD

Registered Number
08945468
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

CLARITER LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

MAGRINI, Davide

Registered Address

38 Craven Street
London
WC2N 5NG

Registered Number

08945468 (England and Wales)
CLARITER LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors4321,699118,450
Cash at bank and on hand37,47634,679
359,175153,129
Creditors amounts falling due within one year5(381,276)(176,393)
Net current assets (liabilities)(22,101)(23,264)
Total assets less current liabilities(22,101)(23,264)
Net assets(22,101)(23,264)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(23,101)(24,264)
Shareholders' funds(22,101)(23,264)
The financial statements were approved and authorised for issue by the Director on 18 March 2025, and are signed on its behalf by:
MAGRINI, Davide
Director
Registered Company No. 08945468
CLARITER LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from rendering of services
Revenue 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Office Equipment: 19% Straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year26
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 2315,68915,689
At 31 March 2415,68915,689
Depreciation and impairment
At 01 April 2315,68915,689
At 31 March 2415,68915,689
Net book value
At 31 March 24--
At 31 March 23--
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables82,80023,222
Amounts owed by group undertakings181,48477,918
Other debtors2886,276
Prepayments and accrued income57,12711,034
Total321,699118,450
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,85010,098
Amounts owed to related parties291,81849,744
Taxation and social security21,3166,377
Other creditors5,5188,616
Accrued liabilities and deferred income41,774101,558
Total381,276176,393
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Related party transactions
During the reporting period the company purchased services from its sister company Clariter Srl for £261,227 (2023: £232,947). During the reporting period the company sold services to its sister companies: Clariter Srl £119.126 (2023: £243,452) and Grupo Clariter LDA £44,435 (2023: £17,977). As at year end the balance owed to Clariter Srl was £291,818 (2023: £49,744) and due from Clariter Srl £86,965 (2023: £27,834). As at year end the balance due from Grupo Clariter LDA was £94,520 (2023: £50,084). The parent company is IOA Holding Srl. The ultimate controlling party is Rosario Gambardella who holds the 95% of parent company shares.