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Company No: 07335323 (England and Wales)

ACER CLARUS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ACER CLARUS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ACER CLARUS LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
ACER CLARUS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTOR John Counsell
REGISTERED OFFICE Camburgh House
27 New Dover Road
Canterbury
Kent
CT1 3DN
United Kingdom
COMPANY NUMBER 07335323 (England and Wales)
CHARTERED ACCOUNTANTS Burgess Hodgson Limited
Camburgh House
27 New Dover Road
Canterbury
CT1 3DN
ACER CLARUS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
ACER CLARUS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Current assets
Debtors 6 98 1,436
Cash at bank and in hand 31,792 34,055
31,890 35,491
Creditors: amounts falling due within one year 7 ( 3,252) ( 2,768)
Net current assets 28,638 32,723
Total assets less current liabilities 28,638 32,723
Net assets 28,638 32,723
Capital and reserves
Called-up share capital 100 100
Profit and loss account 28,538 32,623
Total shareholders' funds 28,638 32,723

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Acer Clarus Limited (registered number: 07335323) were approved and authorised for issue by the Director on 28 August 2025. They were signed on its behalf by:

John Counsell
Director
ACER CLARUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ACER CLARUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Acer Clarus Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and business, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which is 5 years. Provision is made for any impairment.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements 2 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 2,150 2,150
At 31 August 2024 2,150 2,150
Accumulated amortisation
At 01 September 2023 2,150 2,150
At 31 August 2024 2,150 2,150
Net book value
At 31 August 2024 0 0
At 31 August 2023 0 0

5. Tangible assets

Leasehold improve-
ments
Office equipment Total
£ £ £
Cost
At 01 September 2023 25,000 4,866 29,866
At 31 August 2024 25,000 4,866 29,866
Accumulated depreciation
At 01 September 2023 25,000 4,866 29,866
At 31 August 2024 25,000 4,866 29,866
Net book value
At 31 August 2024 0 0 0
At 31 August 2023 0 0 0

6. Debtors

2024 2023
£ £
Corporation tax 0 1,346
Other debtors 98 90
98 1,436

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 312 0
Other creditors 2,940 2,768
3,252 2,768

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
At the year end, the company owed the director: 192 20