Company registration number 10011449 (England and Wales)
Clarity IQ Limited
Annual Report and Unaudited Financial Statements
For the year ended 28 February 2025
PAGES FOR FILING WITH REGISTRAR
Clarity IQ Limited
Contents
Page
Directors' report
2
Accountants' report
3
Balance sheet
4
Notes to the financial statements
5 - 7
Clarity IQ Limited
Company Information
- 1 -
Directors
Ms Natalie Kelly
Mr James Kingham
Company number
10011449
Registered office
124 City Road
London
EC1V 2NX
Accountants
Gilberts Chartered Accountants
Pendragon House
65 London Road
St Albans
Hertfordshire
AL1 1LJ
Clarity IQ Limited
Directors' Report
For the year ended 28 February 2025
- 2 -

The directors present their annual report and financial statements for the year ended 28 February 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms Natalie Kelly
Mr James Kingham
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Ms Natalie Kelly
Director
5 August 2025
Clarity IQ Limited
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Clarity IQ Limited for the year ended 28 February 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clarity IQ Limited for the year ended 28 February 2025 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.

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

It is your duty to ensure that Clarity IQ 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 profit of Clarity IQ Limited. You consider that Clarity IQ 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 Clarity IQ 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.

Gilberts Chartered Accountants
Chartered Accountants
Pendragon House
65 London Road
St Albans
Hertfordshire
AL1 1LJ
5 August 2025
Clarity IQ Limited
Balance Sheet
As at 28 February 2025
28 February 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
415
965
Current assets
Debtors
4
54,613
5,120
Cash at bank and in hand
304,041
313,607
358,654
318,727
Creditors: amounts falling due within one year
5
(88,135)
(77,405)
Net current assets
270,519
241,322
Net assets
270,934
242,287
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
270,932
242,285
Total equity
270,934
242,287

For the financial year ended 28 February 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 August 2025 and are signed on its behalf by:
Ms Natalie Kelly
Mr  James Kingham
Director
Director
Company registration number 10011449 (England and Wales)
Clarity IQ Limited
Notes to the Financial Statements
For the year ended 28 February 2025
- 5 -
1
Accounting policies
Company information

Clarity IQ Limited is a private company limited by shares incorporated in England and Wales. The registered office is 124 City Road, London, EC1V 2NX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

The company recognises revenue from the provision of information technology consultancy services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

IT equipment
20% straight line
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

 

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

Clarity IQ Limited
Notes to the Financial Statements (Continued)
For the year ended 28 February 2025
1
Accounting policies
(Continued)
- 6 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 February 2024 and 28 February 2025
2,750
Depreciation and impairment
At 29 February 2024
1,785
Depreciation charged in the year
550
At 28 February 2025
2,335
Carrying amount
At 28 February 2025
415
At 28 February 2024
965
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
54,613
5,120
Clarity IQ Limited
Notes to the Financial Statements (Continued)
For the year ended 28 February 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
128
-
0
Taxation and social security
84,108
73,520
Other creditors
3,899
3,885
88,135
77,405
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