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CLEAN SLATE (UK) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






CLEAN SLATE (UK) LTD (REGISTERED NUMBER: 02994105)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLEAN SLATE (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: M Armitage





REGISTERED OFFICE: Unit 1 Raynesway Park Drive
Raynesway
Derby
Derbyshire
DE21 7BH





REGISTERED NUMBER: 02994105 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

CLEAN SLATE (UK) LTD (REGISTERED NUMBER: 02994105)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 277,599 299,079
Tangible assets 5 402,946 374,135
680,545 673,214

CURRENT ASSETS
Stocks 100,250 103,481
Debtors 6 863,512 766,533
Cash at bank and in hand 5,159 11,863
968,921 881,877
CREDITORS
Amounts falling due within one year 7 1,156,456 1,094,646
NET CURRENT LIABILITIES (187,535 ) (212,769 )
TOTAL ASSETS LESS CURRENT LIABILITIES 493,010 460,445

CREDITORS
Amounts falling due after more than one year 8 (194,447 ) (191,174 )

PROVISIONS FOR LIABILITIES 11 (74,100 ) (70,400 )
NET ASSETS 224,463 198,871

CAPITAL AND RESERVES
Called up share capital 12 109 108
Share premium 52,912 52,912
Capital redemption reserve 50,002 50,002
Retained earnings 121,440 95,849
SHAREHOLDERS' FUNDS 224,463 198,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CLEAN SLATE (UK) LTD (REGISTERED NUMBER: 02994105)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 director and authorised for issue on 13 August 2025 and were signed by:





M Armitage - Director


CLEAN SLATE (UK) LTD (REGISTERED NUMBER: 02994105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Clean Slate (UK) Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Equipment - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CLEAN SLATE (UK) LTD (REGISTERED NUMBER: 02994105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 374 (2024 - 351 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 457,255
AMORTISATION
At 1 April 2024 158,176
Amortisation for year 21,480
At 31 March 2025 179,656
NET BOOK VALUE
At 31 March 2025 277,599
At 31 March 2024 299,079

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 67,511 155,674 194,923 423,365 841,473
Additions 3,837 29,683 6,749 118,745 159,014
Disposals - (2,974 ) (944 ) (74,800 ) (78,718 )
At 31 March 2025 71,348 182,383 200,728 467,310 921,769
DEPRECIATION
At 1 April 2024 36,548 107,501 121,947 201,342 467,338
Charge for year 5,472 12,055 17,870 69,432 104,829
Eliminated on disposal - (1,590 ) (944 ) (50,810 ) (53,344 )
At 31 March 2025 42,020 117,966 138,873 219,964 518,823
NET BOOK VALUE
At 31 March 2025 29,328 64,417 61,855 247,346 402,946
At 31 March 2024 30,963 48,173 72,976 222,023 374,135

CLEAN SLATE (UK) LTD (REGISTERED NUMBER: 02994105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 797,057 694,244
Other debtors 66,455 72,289
863,512 766,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 23,699 23,699
Hire purchase contracts (see note 9) 70,236 53,451
Trade creditors 74,368 101,978
Taxation and social security 356,652 307,604
Other creditors 631,501 607,914
1,156,456 1,094,646

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 46,995 71,469
Hire purchase contracts (see note 9) 147,452 119,705
194,447 191,174

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 70,236 53,451
Between one and five years 147,452 119,705
217,688 173,156

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 82,375 67,089
Between one and five years 289,534 203,024
In more than five years - 29,608
371,909 299,721

CLEAN SLATE (UK) LTD (REGISTERED NUMBER: 02994105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Other loans - 11,788
Hire purchase contracts 217,688 173,156
Bank loans 27,500 45,375
Lloyds invoice discounting 310,089 319,970
555,277 550,289

The company has a confidential invoice discounting facility to borrow up to 90% of eligible trade debtors.
The bank overdraft and other loans are secured by personal guarantees made by the director.
Liabilities under hire purchases contracts and finance leases are secured on the assets concerned.

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 74,100 70,400

Deferred
tax
£   
Balance at 1 April 2024 70,400
Provided during year 3,700
Balance at 31 March 2025 74,100

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
88,698 Ordinary Shares £0.00 1 89 88
20 Fixed Income Ordinary £1.00 20 20
109 108

290 Ordinary Shares shares of £0.001 each were allotted and fully paid for cash at par during the year.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

M Armitage has guaranteed borrowings of the company for the amount of £27,500 (2024 - £57,163).