Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31falsefalse2023-08-01No description of principal activity98truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05901701 2023-08-01 2024-07-31 05901701 2022-08-01 2023-07-31 05901701 2024-07-31 05901701 2023-07-31 05901701 c:Director1 2023-08-01 2024-07-31 05901701 d:PlantMachinery 2023-08-01 2024-07-31 05901701 d:PlantMachinery 2024-07-31 05901701 d:PlantMachinery 2023-07-31 05901701 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05901701 d:MotorVehicles 2023-08-01 2024-07-31 05901701 d:MotorVehicles 2024-07-31 05901701 d:MotorVehicles 2023-07-31 05901701 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05901701 d:FurnitureFittings 2023-08-01 2024-07-31 05901701 d:FurnitureFittings 2024-07-31 05901701 d:FurnitureFittings 2023-07-31 05901701 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05901701 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05901701 d:CurrentFinancialInstruments 2024-07-31 05901701 d:CurrentFinancialInstruments 2023-07-31 05901701 d:Non-currentFinancialInstruments 2024-07-31 05901701 d:Non-currentFinancialInstruments 2023-07-31 05901701 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 05901701 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05901701 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 05901701 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 05901701 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 05901701 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 05901701 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 05901701 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 05901701 d:ShareCapital 2024-07-31 05901701 d:ShareCapital 2023-07-31 05901701 d:RetainedEarningsAccumulatedLosses 2024-07-31 05901701 d:RetainedEarningsAccumulatedLosses 2023-07-31 05901701 c:OrdinaryShareClass1 2023-08-01 2024-07-31 05901701 c:OrdinaryShareClass1 2024-07-31 05901701 c:OrdinaryShareClass1 2023-07-31 05901701 c:FRS102 2023-08-01 2024-07-31 05901701 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05901701 c:FullAccounts 2023-08-01 2024-07-31 05901701 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05901701 2 2023-08-01 2024-07-31 05901701 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05901701










CLIRA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
CLIRA LIMITED
REGISTERED NUMBER: 05901701

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,844
55,068

  
48,844
55,068

Current assets
  

Stocks
  
27,713
12,840

Debtors: amounts falling due within one year
 5 
94,536
73,554

Cash at bank and in hand
 6 
15,089
4,382

  
137,338
90,776

Creditors: amounts falling due within one year
 7 
(124,845)
(96,963)

Net current assets/(liabilities)
  
 
 
12,493
 
 
(6,187)

Total assets less current liabilities
  
61,337
48,881

Creditors: amounts falling due after more than one year
 8 
(17,253)
(41,290)

  

Net assets
  
44,084
7,591


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
43,984
7,491

  
44,084
7,591


Page 1

 
CLIRA LIMITED
REGISTERED NUMBER: 05901701
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A P Norbury
Director

Date: 23 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CLIRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Clira Limited is a private company, limited by shares, incorporated in England and Wales, with its registered office and principal place at Ingledale, Annscroft, Shrewsbury, Shropshire, SY5 8AN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 August 2022 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
CLIRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CLIRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 8).

Page 5

 
CLIRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 August 2023
5,248
75,431
56,091
136,770


Additions
-
19,990
1,597
21,587


Disposals
-
(20,500)
-
(20,500)



At 31 July 2024

5,248
74,921
57,688
137,857



Depreciation


At 1 August 2023
4,936
28,592
48,173
81,701


Charge for the year on owned assets
78
13,826
2,377
16,281


Disposals
-
(8,969)
-
(8,969)



At 31 July 2024

5,014
33,449
50,550
89,013



Net book value



At 31 July 2024
234
41,472
7,138
48,844



At 31 July 2023
312
46,839
7,917
55,068

Page 6

 
CLIRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
91,461
70,552

Other debtors
1,085
1,085

Prepayments and accrued income
1,990
1,917

94,536
73,554



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,089
4,382

Less: bank overdrafts
(19,179)
(1,297)

(4,090)
3,085



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
19,179
1,297

Bank loans
16,676
15,261

Trade creditors
266
468

Taxation and social security
44,068
31,434

Obligations under finance lease and hire purchase contracts
5,796
7,862

Other creditors
37,180
39,041

Accruals and deferred income
1,680
1,600

124,845
96,963


Page 7

 
CLIRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,405
21,081

Net obligations under finance leases and hire purchase contracts
12,848
20,209

17,253
41,290


The amount of £4,405 included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
16,676
15,261


16,676
15,261

Amounts falling due 1-2 years

Bank loans
4,405
16,676


4,405
16,676

Amounts falling due 2-5 years

Bank loans
-
4,405


-
4,405


21,081
36,342


Page 8

 
CLIRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,271 (2023 - £3,361). Contributions totalling £839 (2023 - £741) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9