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REGISTERED NUMBER: 08557941 (England and Wales)


















CLEARTECH LIVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CLEARTECH LIVE LIMITED (REGISTERED NUMBER: 08557941)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEARTECH LIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D T Hibbert
C Voisey
B Voisey





REGISTERED OFFICE: Unit C6
Foreshore Road
Cardiff
County of Cardiff
CF10 4SP





REGISTERED NUMBER: 08557941 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

CLEARTECH LIVE LIMITED (REGISTERED NUMBER: 08557941)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 170,783 149,157

CURRENT ASSETS
Debtors 5 69,659 73,333
Cash at bank 401,698 384,012
471,357 457,345
CREDITORS
Amounts falling due within one year 6 (126,763 ) (103,242 )
NET CURRENT ASSETS 344,594 354,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,377

503,260

CREDITORS
Amounts falling due after more than one
year

7

(47,139

)

(55,807

)

PROVISIONS FOR LIABILITIES (9,200 ) (3,794 )
NET ASSETS 459,038 443,659

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 133,982 133,982
Retained earnings 324,056 308,677
SHAREHOLDERS' FUNDS 459,038 443,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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.

The financial statements were approved for issue by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




B Voisey - Director


CLEARTECH LIVE LIMITED (REGISTERED NUMBER: 08557941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Cleartech Live Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 historical cost convention.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant equipment - 50% on reducing balance, 25% on reducing balance and 25% on cost
Computer equipment - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation unless they have been revalued. Cost includes costs directly attributable to making the asset capable of operating as intended. Plant and equipment were revalued during the year to their market value.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax
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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CLEARTECH LIVE LIMITED (REGISTERED NUMBER: 08557941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant Computer Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 July 2023 405,809 11,461 30,245 447,515
Additions 14,618 - 18,950 33,568
At 30 June 2024 420,427 11,461 49,195 481,083
DEPRECIATION
At 1 July 2023 259,546 8,567 30,245 298,358
Charge for year 6,677 1,315 3,950 11,942
At 30 June 2024 266,223 9,882 34,195 310,300
NET BOOK VALUE
At 30 June 2024 154,204 1,579 15,000 170,783
At 30 June 2023 146,263 2,894 - 149,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,192 66,090
Prepayments 5,467 7,243
69,659 73,333

CLEARTECH LIVE LIMITED (REGISTERED NUMBER: 08557941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,658 8,480
Trade creditors 17,000 13,835
Corporation tax 1,346 14,522
Social security and other taxes 7,209 8,017
VAT 33,065 33,686
Pension creditor 324 -
Credit cards 3,414 5,967
Directors' current accounts 15,505 15,019
Accruals and deferred income 40,242 3,716
126,763 103,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,886 8,657
Bank loans - 2-5 years 32,355 35,863
Bank loans > 5 years 5,898 11,287
47,139 55,807

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 5,898 11,287

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
740 Ordinary A £1 740 740
140 Ordinary B £1 140 140
120 Ordinary C £1 120 120
1,000 1,000