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Company Registration No. 06655783 (England and Wales)
Clearway Conservatories Limited Unaudited accounts for the year ended 31 July 2024
Clearway Conservatories Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,843 
34,154 
Current assets
Debtors
37,907 
28,776 
Cash at bank and in hand
69,336 
75,292 
107,243 
104,068 
Creditors: amounts falling due within one year
(13,349)
(20,878)
Net current assets
93,894 
83,190 
Total assets less current liabilities
141,737 
117,344 
Provisions for liabilities
Deferred tax
(9,090)
(6,489)
Net assets
132,647 
110,855 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
132,547 
110,755 
Shareholders' funds
132,647 
110,855 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2024 and were signed on its behalf by
J A Wilkins Director Company Registration No. 06655783
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Clearway Conservatories Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Clearway Conservatories Limited is a private company, limited by shares, registered in England and Wales, registration number 06655783. The registered office is 1 New Road, Whitecroft, Lydney, Glocestershire, GL15 4QF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on the reducing balance
Fixtures & fittings
25% on the reducing balance
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 3 -
Clearway Conservatories Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
52,300 
1,977 
4,076 
58,353 
Additions
44,295 
- 
- 
44,295 
Disposals
(33,301)
- 
- 
(33,301)
At 31 July 2024
63,294 
1,977 
4,076 
69,347 
Depreciation
At 1 August 2023
21,102 
843 
2,254 
24,199 
Charge for the year
7,800 
284 
669 
8,753 
On disposals
(11,448)
- 
- 
(11,448)
At 31 July 2024
17,454 
1,127 
2,923 
21,504 
Net book value
At 31 July 2024
45,840 
850 
1,153 
47,843 
At 31 July 2023
31,198 
1,134 
1,822 
34,154 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,907 
27,684 
Other debtors
- 
1,092 
37,907 
28,776 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
11,370 
3,710 
Other creditors
1,558 
1,454 
Loans from directors
421 
15,714 
13,349 
20,878 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
During the year dividends of £9,960 (2023 £nil) were paid to Mr Wilkins and of £6,640 (2023 £nil) to his wife Mrs B. M. Wilkins. Rent totalling £7,200 was also paid to Mr and Mrs Wilkins (2023 £7,200).
9
Controlling party
The company was under the control of the director throughout the current and previous year.
- 4 -
Clearway Conservatories Limited Notes to the Accounts for the year ended 31 July 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -