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REGISTERED NUMBER: 02523965 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Clear-a-drain Limited

Clear-a-drain Limited (Registered number: 02523965)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clear-a-drain Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: B Thornton
M M Leeming





SECRETARY: Mrs B Thornton





REGISTERED OFFICE: Brook Street
Oswaldtwistle
Accrington
Lancashire
BB5 3JH





REGISTERED NUMBER: 02523965 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Clear-a-drain Limited (Registered number: 02523965)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 65,803 79,077

CURRENT ASSETS
Debtors 5 66,228 69,447
Cash at bank and in hand 115,262 84,213
181,490 153,660
CREDITORS
Amounts falling due within one year 6 44,392 14,443
NET CURRENT ASSETS 137,098 139,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,901

218,294

CREDITORS
Amounts falling due after more than
one year

7

(8,706

)

(35,830

)

PROVISIONS FOR LIABILITIES 8 (12,366 ) (12,154 )
NET ASSETS 181,829 170,310

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181,729 170,210
SHAREHOLDERS' FUNDS 181,829 170,310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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-a-drain Limited (Registered number: 02523965)

Balance Sheet - continued
31 October 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 5 June 2025 and were signed on its behalf by:





M M Leeming - Director


Clear-a-drain Limited (Registered number: 02523965)

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

1. STATUTORY INFORMATION

Clear-a-drain 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Clear-a-drain Limited (Registered number: 02523965)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 80,724 101 99,326 2,772 182,923
Additions - - 7,500 - 7,500
Disposals - - (5,500 ) - (5,500 )
At 31 October 2024 80,724 101 101,326 2,772 184,923
DEPRECIATION
At 1 November 2023 76,882 101 25,190 1,673 103,846
Charge for year 960 - 18,534 362 19,856
Eliminated on disposal - - (4,582 ) - (4,582 )
At 31 October 2024 77,842 101 39,142 2,035 119,120
NET BOOK VALUE
At 31 October 2024 2,882 - 62,184 737 65,803
At 31 October 2023 3,842 - 74,136 1,099 79,077

Clear-a-drain Limited (Registered number: 02523965)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 87,677
DEPRECIATION
At 1 November 2023 19,888
Charge for year 16,947
At 31 October 2024 36,835
NET BOOK VALUE
At 31 October 2024 50,842
At 31 October 2023 67,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,020 67,152
Amounts owed by associated undertakings 208 2,295
66,228 69,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,025 6,705
Trade creditors 16,454 3,085
Tax 2,297 -
Social security and other taxes 3,235 2,403
VAT 9,591 660
Other creditors 115 -
Accrued expenses 1,675 1,590
44,392 14,443

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 8,706 35,830

Clear-a-drain Limited (Registered number: 02523965)

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

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 12,366 15,025
Tax losses carried forward - (2,871 )
12,366 12,154

Deferred
tax
£   
Balance at 1 November 2023 12,154
Provided during year 212
Balance at 31 October 2024 12,366

9. RELATED PARTY DISCLOSURES

Clear-a-drain Limited paid £27,064.56 of management charges (2023: £26,679.49)

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party, with Mr. M. M. Leeming owning 50% and Roland Whatmore Limited owning the other 50% of the issued share capital.