Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01false4No description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12080478 2023-08-01 2024-07-31 12080478 2022-08-01 2023-07-31 12080478 2024-07-31 12080478 2023-07-31 12080478 c:Director1 2023-08-01 2024-07-31 12080478 d:PlantMachinery 2023-08-01 2024-07-31 12080478 d:PlantMachinery 2024-07-31 12080478 d:PlantMachinery 2023-07-31 12080478 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12080478 d:MotorVehicles 2023-08-01 2024-07-31 12080478 d:MotorVehicles 2024-07-31 12080478 d:MotorVehicles 2023-07-31 12080478 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12080478 d:OfficeEquipment 2023-08-01 2024-07-31 12080478 d:OfficeEquipment 2024-07-31 12080478 d:OfficeEquipment 2023-07-31 12080478 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12080478 d:ComputerEquipment 2023-08-01 2024-07-31 12080478 d:ComputerEquipment 2024-07-31 12080478 d:ComputerEquipment 2023-07-31 12080478 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12080478 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12080478 d:CurrentFinancialInstruments 2024-07-31 12080478 d:CurrentFinancialInstruments 2023-07-31 12080478 d:Non-currentFinancialInstruments 2024-07-31 12080478 d:Non-currentFinancialInstruments 2023-07-31 12080478 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12080478 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12080478 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12080478 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12080478 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 12080478 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 12080478 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 12080478 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 12080478 d:ShareCapital 2024-07-31 12080478 d:ShareCapital 2023-07-31 12080478 d:RetainedEarningsAccumulatedLosses 2024-07-31 12080478 d:RetainedEarningsAccumulatedLosses 2023-07-31 12080478 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-07-31 12080478 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 12080478 c:FRS102 2023-08-01 2024-07-31 12080478 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12080478 c:FullAccounts 2023-08-01 2024-07-31 12080478 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12080478 d:WithinOneYear 2024-07-31 12080478 d:WithinOneYear 2023-07-31 12080478 d:BetweenOneFiveYears 2024-07-31 12080478 d:BetweenOneFiveYears 2023-07-31 12080478 2 2023-08-01 2024-07-31 12080478 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-07-31 12080478 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 12080478 d:LeasedAssetsHeldAsLessee 2024-07-31 12080478 d:LeasedAssetsHeldAsLessee 2023-07-31 12080478 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 12080478














CLEARWAY SITE SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024

 
CLEARWAY SITE SERVICES LIMITED
REGISTERED NUMBER:12080478

BALANCE SHEET
AS AT 31 JULY 2024

As restated
2024
2023
Note

Fixed assets
  

Tangible assets
 4 
143,802
184,695

Current assets
  

Debtors: amounts falling due within one year
 5 
110,318
130,034

Cash at bank and in hand
 6 
67,846
136,660

  
178,164
266,694

Creditors: amounts falling due within one year
 7 
(115,646)
(139,574)

Net current assets
  
 
 
62,518
 
 
127,120

Total assets less current liabilities
  
206,320
311,815

Creditors: amounts falling due after more than one year
 8 
(114,609)
(109,553)

  

Net assets
  
£91,711
£202,262


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
91,611
202,162

  
£91,711
£202,262


Page 1

 
CLEARWAY SITE SERVICES LIMITED
REGISTERED NUMBER:12080478

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 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 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 statement of income and retained earnings 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 on 25 April 2025.



___________________________
R J Smith
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CLEARWAY SITE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Clearway Site Services Limited is a private company limited by shares incorporated in England and Wales. The company registration number is 12080478 and the registered office is Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of trade is 54 Romney Road, Ashford Kent, TN24 0RW.

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.

 
2.4

Interest income

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

 
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.

Page 3

 
CLEARWAY SITE SERVICES LIMITED
 

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

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
straight line basis
Motor vehicles
-
20%
straight line basis
Office equipment
-
20%
reducing balance basis
Computer equipment
-
25%
straight line basis

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

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.

Page 4

 
CLEARWAY SITE SERVICES LIMITED
 

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

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially
Page 5

 
CLEARWAY SITE SERVICES LIMITED
 

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

2.Accounting policies (continued)


2.13
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
CLEARWAY SITE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total



Cost or valuation


At 1 August 2023
8,250
208,213
4,352
12,422
233,237


Additions
-
-
-
6,949
6,949



At 31 July 2024

8,250
208,213
4,352
19,371
240,186



Depreciation


At 1 August 2023
2,297
40,288
1,006
4,951
48,542


Charge for the year on owned assets
1,238
41,643
668
4,293
47,842



At 31 July 2024

3,535
81,931
1,674
9,244
96,384



Net book value



At 31 July 2024
£4,715
£126,282
£2,678
£10,127
£143,802



At 31 July 2023
£5,953
£167,925
£3,346
£7,471
£184,695

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023



Motor vehicles
126,282
167,925

£126,282
£167,925


5.


Debtors

2024
2023


Trade debtors
-
22,840

Other debtors
89,762
107,016

Prepayments and accrued income
180
178

Tax recoverable
20,376
-

£110,318
£130,034


Page 7

 
CLEARWAY SITE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
67,846
136,660

Less: bank overdrafts
(11,793)
-

£56,053
£136,660



7.


Creditors: Amounts falling due within one year

2024
2023

Bank overdrafts
11,793
-

Bank loans
3,065
3,003

Other loans
25,000
-

Trade creditors
21,749
67,373

Corporation tax
7,393
22,180

Other taxation and social security
-
387

Obligations under finance lease and hire purchase contracts
42,421
42,421

Other creditors
228
214

Accruals and deferred income
3,997
3,996

£115,646
£139,574



8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
3,452
5,976

Other loans
50,000
-

Net obligations under finance leases and hire purchase contracts
61,157
103,577

£114,609
£109,553


Page 8

 
CLEARWAY SITE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
3,065
3,003

Other loans
25,000
-


28,065
3,003

Amounts falling due 1-2 years

Bank loans
3,452
5,976

Other loans
25,000
-


28,452
5,976

Amounts falling due 2-5 years

Other loans
25,000
-


25,000
-


£81,517
£8,979



10.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
£67,846
£136,660




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

Page 9

 
CLEARWAY SITE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Prior year adjustment

The prior adjustment relates to the reversal of sales invoices raised in error and the associated tax impact on the corporation tax charge for the year.


Retained earnings as previously reported
276,038 

Restatement of comparatives
(73,876)

Restated retained earnings
£202,162 




Net assets as previously reported
276,138 

Restatement of comparatives
(73,876)

Restated net assets
£202,262 






12.


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. Contributions totalling £229 (2023 - £214) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023


Not later than 1 year
6,442
6,442

Later than 1 year and not later than 5 years
6,442
8,590

£12,884
£15,032


14.


Related party transactions

At the balance sheet date the company advanced unsecured loans to the director of £86,703 (2023 - £75,929). Interest was charged on the loans at the market rate. 


Page 10