Company registration number: 14606168
Unaudited financial statements
for the year ended 31 March 2025
for
Clarity Comps Limited
Pages for filing with the Registrar
Company registration number: 14606168
Clarity Comps Limited
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Intangible assets 4 3,216 1,000
Tangible assets 5 3,043 -
6,259 1,000
Current assets
Stocks 2,700 1,200
Debtors 34,456 4,610
Cash at bank and in hand 568,974 12,919
606,130 18,729
Creditors: amounts falling due within one
year
(607,912) (5,531)
Net current (liabilities)/assets (1,782) 13,198
Total assets less current liabilities 4,477 14,198
Provisions for liabilities (3,042) -
NET ASSETS 1,435 14,198
Capital and reserves
Called up share capital 150 150
Profit and loss account 1,285 14,048
TOTAL EQUITY 1,435 14,198
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14606168
Clarity Comps Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 2 April 2025 and signed on its behalf by:
Miss M Merner, Director
2 April 2025
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Clarity Comps Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Clarity Comps Limited is a private company registered in England and Wales. Its registered number is 14606168. The company is limited by shares. Its registered office is Dyme Accounting, 8 High Street, Battle, East Sussex, TN33 0AE.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 33% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
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Clarity Comps Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 3).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 April 2024 1,500
Additions 4,074
At 31 March 2025 5,574
Amortisation
At 1 April 2024 500
Charge for year 1,858
At 31 March 2025 2,358
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Clarity Comps Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Intangible assets - continued
Net book value
At 31 March 2025 3,216
At 31 March 2024 1,000
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 3,803
At 31 March 2025 3,803
Depreciation
Charge for year 760
At 31 March 2025 760
Net book value
At 31 March 2025 3,043
At 31 March 2024 -
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 31 March 2025 and 31 March 2024.
31 Mar 25 31 Mar 24
£ £
M Merner and R Dyke
Balance outstanding at start of year 1,412 -
Amounts advanced 3,387 1,412
Balance outstanding at end of year 4,799 1,412
The loan is interest free, with no terms attached.
5
Clarity Comps Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
6 Advances, credit and guarantees granted to directors - continued
31 Mar 25 31 Mar 24
£ £
T Weller
Balance outstanding at start of year 1,168 -
Amounts advanced 1,954 1,168
Balance outstanding at end of year 3,122 1,168
The loan is interest free, with no terms attached.
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