Clear Chroma Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of Clear Chroma Limited for the year ended 31 October 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clear Chroma Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Clear Chroma Limited , as a body, in accordance with the terms of our engagement letter dated 09 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Clear Chroma Limited and state those matters that we have agreed to state to the director of Clear Chroma Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clear Chroma Limited and its director as a body for our work or for this report.

It is your duty to ensure that Clear Chroma Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Clear Chroma Limited . You consider that Clear Chroma Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Clear Chroma Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

2nd April 2025

DJ Coulter & Associates Limited

Chartered Certified Accountants

Wellesley House

7 Clarence Parade

Cheltenham

GL50 3NY

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Clear Chroma Limited

Balance Sheet

As At 31 October 2024

Balance Sheet

Registered number: 13700557

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,138		8,207
Investments	5		20,000		12,000

			37,138		20,207
CURRENT ASSETS
Debtors	6	5,528		1,895
Cash at bank and in hand		3,002		48,307

		8,530		50,202
Creditors: Amounts Falling Due Within One Year	7	(10,629 )		(25,968 )

NET CURRENT ASSETS (LIABILITIES)			(2,099 )		24,234

TOTAL ASSETS LESS CURRENT LIABILITIES			35,039		44,441

NET ASSETS			35,039		44,441

CAPITAL AND RESERVES
Called up share capital	8		5		5
Profit and Loss Account			35,034		44,436

SHAREHOLDERS' FUNDS			35,039		44,441

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Clear Chroma Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonathan Baker

Director

2nd April 2025

The notes on pages 4 to 7 form part of these financial statements.

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Clear Chroma Limited

Notes to the Financial Statements

For The Year Ended 31 October 2024

Notes to the Financial Statements

1. General Information

Clear Chroma Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13700557 . The registered office is 10 Kingston Avenue, Bradford on Avon, BA15 1JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Clear Chroma Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2023	5,569	6,257	11,826
Additions	3,829	9,580	13,409
Disposals	(618 )	(1,497 )	(2,115 )

As at 31 October 2024	8,780	14,340	23,120

Depreciation
As at 1 November 2023	1,601	2,018	3,619
Provided during the period	1,125	1,798	2,923
Disposals	(167 )	(393 )	(560 )

As at 31 October 2024	2,559	3,423	5,982

Net Book Value
As at 31 October 2024	6,221	10,917	17,138

As at 1 November 2023	3,968	4,239	8,207

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Clear Chroma Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Investments

	Unlisted
	£
Cost
As at 1 November 2023	12,000
Additions	10,000
Disposals	(2,000 )

As at 31 October 2024	20,000

Provision
As at 1 November 2023	-

As at 31 October 2024	-

Net Book Value
As at 31 October 2024	20,000

As at 1 November 2023	12,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,320	1,320
Prepayments and accrued income	883	575
VAT	3,284	-
Other taxes and social security	41	-

	5,528	1,895

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	214	229
Corporation tax	10,380	18,260
Other taxes and social security	-	39
VAT	-	6,220
Director's loan account	35	1,220

	10,629	25,968

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Clear Chroma Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.000 each	1	1
1 Ordinary A shares of £ 1.000 each	1	1
1 Ordinary B shares of £ 1.000 each	1	1
1 Ordinary C shares of £ 1.000 each	1	1
1 Ordinary D shares of £ 1.000 each	1	1

	5	5

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2024	2023
	£	£
Mr Jonathan Baker	61,274	60,800

10. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	61,274	60,800

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