Company Registration No. 07581911 (England and Wales)
Clear Costs Limited
Unaudited financial statements
for the year ended 31 March 2024
Pages for filing with the registrar
Clear Costs Limited
Statement of financial position
As at 31 March 2024
1
2024
2023
as restated
£
£
£
£
Fixed assets
190,247
190,247
Current assets
5,333,333
5,333,333
Creditors: amounts falling due within one year
(5,219,036)
(5,215,963)
Net current assets
114,297
117,370
Total assets less current liabilities
304,544
307,617
Net assets
304,544
307,617
Capital and reserves
304,544
307,617
Notes to the financial statements
1
Employees
The average number of persons, excluding non-remunerated directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
Prior year restatement
During the preparation of the financial statements for the year ended 31 March 2024, it was identified that a related party loan was incorrectly written off. This error has been corrected by restating the prior year's opening balances. The effect of this prior year adjustment was to increase current assets by £5,333,333 and to increase opening reserves as at 1 April 2022 by £5,333,333.
Clear Costs Limited
Statement of financial position (continued)
As at 31 March 2024
2
Clear Costs Limited is a private company limited by shares incorporated in England and Wales. The registered office is Trinity, 16 John Dalton Street, Manchester, M2 6HY.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 21 March 2025.
Amandip Singh Johal
Director
Company Registration No. 07581911 (England and Wales)