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REGISTERED NUMBER: 04922828 (England and Wales)















CLEAR VISION ACCOUNTANCY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEAR VISION ACCOUNTANCY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Mrs S A Rogers FCCA
M Rogers



SECRETARY: Mrs S A Rogers FCCA



REGISTERED OFFICE: 1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



REGISTERED NUMBER: 04922828 (England and Wales)



ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



BANKERS: Barclays Bank plc
66 Market Place
Chippenham
Wiltshire
SN15 3JA

CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,762 6,851

CURRENT ASSETS
Debtors 5 848,384 780,845
Cash at bank and in hand 12,135 858
860,519 781,703
CREDITORS
Amounts falling due within one year 6 264,894 293,348
NET CURRENT ASSETS 595,625 488,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,387

495,206

CREDITORS
Amounts falling due after more than one
year

7

(115,982

)

(28,898

)

PROVISIONS FOR LIABILITIES (2,216 ) (1,440 )
NET ASSETS 487,189 464,868

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 486,189 463,868
SHAREHOLDERS' FUNDS 487,189 464,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





M D Rogers FCCA - Director


CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Clear Vision Accountancy 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 represents net invoiced sale of services, excluding value added tax. Provision is also made for the recognition to future consideration by reference to work performed.

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 and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The directors have assessed whether the company is a going concern and has considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 61,744
Additions 8,073
Disposals (4,438 )
At 31 December 2024 65,379
DEPRECIATION
At 1 January 2024 54,893
Charge for year 4,888
Eliminated on disposal (4,164 )
At 31 December 2024 55,617
NET BOOK VALUE
At 31 December 2024 9,762
At 31 December 2023 6,851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 65,048 52,720
Amounts recoverable on contract 43,769 71,342
Other debtors 739,567 656,783
848,384 780,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 28,656 34,137
Hire purchase contracts (see note 8) - 486
Trade creditors 5,506 18,745
Taxation and social security 87,421 107,444
Other creditors 143,311 132,536
264,894 293,348

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans 115,982 28,898

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 115,982 28,898

CLEAR VISION ACCOUNTANCY LIMITED (REGISTERED NUMBER: 04922828)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/24 31/12/23
£    £   
Net obligations repayable:
Within one year - 486

Non-cancellable operating leases
31/12/24 31/12/23
£    £   
Within one year 30,094 31,218
Between one and five years 80,169 83,540
In more than five years 41,377 41,377
151,640 156,135

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£    £   
M D Rogers FCCA and Mrs S A Rogers FCCA
Balance outstanding at start of year (653 ) 6,393
Amounts advanced 17,056 26,768
Amounts repaid (16,279 ) (33,814 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 124 (653 )

This amount is included in other debtors (2023 - other creditors). There are no fixed repayment terms and this was the maximum amount owed during the year. Interest has been charged on the loan at HMRC standard rates, if applicable.

10. RELATED PARTY DISCLOSURES

Included within other debtors is £726,221 (2023 - £631,917) owed by Clear Vision Holdings Limited a company controlled by the directors.