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REGISTERED NUMBER: 05921944 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Clear Blue Gas Limited
T/A
CBG Heating

Clear Blue Gas Limited (Registered number: 05921944)
T/A CBG Heating






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clear Blue Gas Limited
T/A CBG Heating

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J T Wood
G A Wood





REGISTERED OFFICE: JGR House
Exchange Road
Lincoln
United Kingdom
LN6 3JZ





REGISTERED NUMBER: 05921944 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Clear Blue Gas Limited (Registered number: 05921944)
T/A CBG Heating

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,412 30,218
31,412 30,218

CURRENT ASSETS
Stocks 5,223 16,488
Debtors 6 81,297 102,691
Cash at bank 276,633 252,481
363,153 371,660
CREDITORS
Amounts falling due within one year 7 119,590 145,039
NET CURRENT ASSETS 243,563 226,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,975

256,839

PROVISIONS FOR LIABILITIES 1,799 2,529
NET ASSETS 273,176 254,310

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 407 407
Retained earnings 272,669 253,803
SHAREHOLDERS' FUNDS 273,176 254,310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





J T Wood - Director


Clear Blue Gas Limited (Registered number: 05921944)
T/A CBG Heating

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Clear Blue Gas 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

Clear Blue Gas Limited (Registered number: 05921944)
T/A CBG Heating

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 15,000
AMORTISATION
At 1 October 2023
and 30 September 2024 15,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 4,141 133,546 23,271 160,958
Additions 699 13,000 - 13,699
At 30 September 2024 4,840 146,546 23,271 174,657
DEPRECIATION
At 1 October 2023 2,826 108,040 19,874 130,740
Charge for year 403 10,981 1,121 12,505
At 30 September 2024 3,229 119,021 20,995 143,245
NET BOOK VALUE
At 30 September 2024 1,611 27,525 2,276 31,412
At 30 September 2023 1,315 25,506 3,397 30,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,030 89,564
Other debtors 2,267 13,127
81,297 102,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,070 34,741
Hire purchase contracts - 2,790
Trade creditors 51,365 54,595
Taxation and social security 33,030 22,285
Other creditors 16,125 30,628
119,590 145,039

Clear Blue Gas Limited (Registered number: 05921944)
T/A CBG Heating

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100