Company Registration No. 07010870 (England and Wales)
Clear River Group Ltd
Unaudited accounts
for the year ended 30 September 2024
Clear River Group Ltd
Unaudited accounts
Contents
Clear River Group Ltd
Company Information
for the year ended 30 September 2024
Company Number
07010870 (England and Wales)
Registered Office
432 Gloucester Road
Horfield
Bristol
BS7 8TX
Accountants
Evans Entwistle
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Clear River Group Ltd
for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clear River Group Ltd for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
13 November 2024
Clear River Group Ltd
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
121,061
253,027
Creditors: amounts falling due within one year
(2,413)
(51,960)
Net current assets
129,847
211,297
Total assets less current liabilities
132,187
211,647
Creditors: amounts falling due after more than one year
(49,602)
-
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
82,140
211,580
Shareholders' funds
82,141
211,581
For the year ending 30 September 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 13 November 2024 and were signed on its behalf by
Mr Dominic Short
Director
Company Registration No. 07010870
Clear River Group Ltd
Notes to the Accounts
for the year ended 30 September 2024
Clear River Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 07010870. The registered office is 432 Gloucester Road, Horfield, Bristol, BS7 8TX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Fixtures & fittings
3 years straight line
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.
Clear River Group Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
-
788
788
At 30 September 2024
2,414
788
3,202
At 1 October 2023
-
438
438
Charge for the year
161
263
424
At 30 September 2024
161
701
862
At 30 September 2024
2,253
87
2,340
At 30 September 2023
-
350
350
Amounts falling due within one year
Other debtors
10,257
10,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
32
-
Amounts owed to group undertakings and other participating interests
-
49,602
Taxes and social security
-
258
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
49,602
-
Clear River Group Ltd
Notes to the Accounts
for the year ended 30 September 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
444
66
Provision at start of year
66
116
Charged/(credited) to the profit and loss account
378
(50)
Provision at end of year
444
66
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10,000
86,805
86,805
10,000
10,000
86,805
86,805
10,000
The balance represents an interest free loan that is repayable to the company upon demand.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).