IRIS Accounts Production v25.1.0.734 SC572722 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5727222023-08-31SC5727222024-08-31SC5727222023-09-012024-08-31SC5727222022-08-31SC5727222022-09-012023-08-31SC5727222023-08-31SC572722ns15:Scotland2023-09-012024-08-31SC572722ns14:PoundSterling2023-09-012024-08-31SC572722ns10:Director12023-09-012024-08-31SC572722ns10:Director22023-09-012024-08-31SC572722ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC572722ns10:SmallEntities2023-09-012024-08-31SC572722ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC572722ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC572722ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC572722ns10:FullAccounts2023-09-012024-08-31SC572722ns10:RegisteredOffice2023-09-012024-08-31SC572722ns5:CurrentFinancialInstruments2024-08-31SC572722ns5:CurrentFinancialInstruments2023-08-31SC572722ns5:Non-currentFinancialInstruments2024-08-31SC572722ns5:Non-currentFinancialInstruments2023-08-31SC572722ns5:ShareCapital2024-08-31SC572722ns5:ShareCapital2023-08-31SC572722ns5:RetainedEarningsAccumulatedLosses2024-08-31SC572722ns5:RetainedEarningsAccumulatedLosses2023-08-31SC572722ns5:PlantMachinery2023-09-012024-08-31SC572722ns5:PlantMachinery2023-08-31SC572722ns5:PlantMachinery2024-08-31SC572722ns5:PlantMachinery2023-08-31SC572722ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC572722ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31SC572722ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-08-31SC572722ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-08-31SC572722ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-08-31SC572722ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-08-31SC572722ns5:HirePurchaseContracts2024-08-31SC572722ns5:HirePurchaseContracts2023-08-31SC572722ns5:WithinOneYear2024-08-31SC572722ns5:WithinOneYear2023-08-31SC572722ns5:BetweenOneFiveYears2024-08-31SC572722ns5:BetweenOneFiveYears2023-08-31SC572722ns5:AllPeriods2024-08-31SC572722ns5:AllPeriods2023-08-31
REGISTERED NUMBER: SC572722 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Clear Sky Financial Services Ltd.

Clear Sky Financial Services Ltd. (Registered number: SC572722)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clear Sky Financial Services Ltd.

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G T J Barr
D Pate





REGISTERED OFFICE: Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC572722 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Clear Sky Financial Services Ltd. (Registered number: SC572722)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 94,279 6,652

CURRENT ASSETS
Debtors 5 3,878 -
Prepayments and accrued income 84,230 63,427
Cash at bank 57,268 50,658
145,376 114,085
CREDITORS
Amounts falling due within one year 6 87,927 78,233
NET CURRENT ASSETS 57,449 35,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,728

42,504

CREDITORS
Amounts falling due after more than one
year

7

(85,564

)

(17,500

)

PROVISIONS FOR LIABILITIES (20,529 ) -
NET ASSETS 45,635 25,004

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 45,533 24,902
SHAREHOLDERS' FUNDS 45,635 25,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Clear Sky Financial Services Ltd. (Registered number: SC572722)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:




G T J Barr - Director



D Pate - Director


Clear Sky Financial Services Ltd. (Registered number: SC572722)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Clear Sky Financial Services Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Clear Sky Financial Services Ltd. (Registered number: SC572722)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 14,601
Additions 96,569
At 31 August 2024 111,170
DEPRECIATION
At 1 September 2023 7,949
Charge for year 8,942
At 31 August 2024 16,891
NET BOOK VALUE
At 31 August 2024 94,279
At 31 August 2023 6,652

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 3,878 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 12,284 -
Taxation and social security 21,648 23,284
Other creditors 43,995 44,949
87,927 78,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,500 17,500
Hire purchase contracts (see note 8) 78,064 -
85,564 17,500

Clear Sky Financial Services Ltd. (Registered number: SC572722)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 12,284 -
Between one and five years 78,064 -
90,348 -

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 28,049 28,049
Between one and five years 4,613 32,662
32,662 60,711

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 90,348 -

Hire purchase liabilities are secured against the assets to which they relate.