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REGISTERED NUMBER: 02638544 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 28 February 2025

for

Clear Graphics Limited

Clear Graphics Limited (Registered number: 02638544)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Clear Graphics Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: S E Edwards





REGISTERED OFFICE: Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 02638544 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Clear Graphics Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clear Graphics Limited for the year ended 28 February 2025 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Clear Graphics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clear Graphics Limited and state those matters that we have agreed to state to the director of Clear Graphics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clear Graphics Limited and its director for our work or for this report.

It is your duty to ensure that Clear Graphics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clear Graphics Limited. You consider that Clear Graphics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clear Graphics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


28 May 2025

Clear Graphics Limited (Registered number: 02638544)

Abridged Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,667 10,728
2,667 10,728

CURRENT ASSETS
Debtors 48,860 198,035
Cash at bank and in hand 116,434 100,976
165,294 299,011
CREDITORS
Amounts falling due within one year 44,071 131,974
NET CURRENT ASSETS 121,223 167,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,890

177,765

PROVISIONS FOR LIABILITIES - 2,682
NET ASSETS 123,890 175,083

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 122,890 174,083
SHAREHOLDERS' FUNDS 123,890 175,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Graphics Limited (Registered number: 02638544)

Abridged Balance Sheet - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





S E Edwards - Director


Clear Graphics Limited (Registered number: 02638544)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

Clear Graphics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts earned for services and items procured for clients, adjusted, where necessary for the stage of completion on individual contracts. It excludes value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

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, 30% on reducing balance, 15% on reducing balance and 15% on cost

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.

Clear Graphics Limited (Registered number: 02638544)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


2. ACCOUNTING POLICIES - continued

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.

Amounts recoverable on contracts
Amounts recoverable on contracts represent turnover and supply of services which has not yet been invoiced to clients. Such amounts are separately disclosed within debtors.

The valuation of amounts recoverable on fixed-price contracts is adjusted to recognise profit earned to date or foreseeable losses in accordance with the accounting policy for turnover and recognition of profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 22,750
AMORTISATION
At 1 March 2024
and 28 February 2025 22,750
NET BOOK VALUE

At 28 February 2025 -
At 29 February 2024 -

Clear Graphics Limited (Registered number: 02638544)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024 33,039
Additions 3,242
Disposals (32,146 )
At 28 February 2025 4,135
DEPRECIATION
At 1 March 2024 22,311
Charge for year 1,692
Eliminated on disposal (22,535 )
At 28 February 2025 1,468
NET BOOK VALUE
At 28 February 2025 2,667
At 29 February 2024 10,728

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.25 29.2.24
£    £   
Within one year - 31,590
Between one and five years - 24,570
- 56,160