Clear Computing Limited
Unaudited financial statements
For the year ended 31 March 2025
06659918 (England and Wales)
Pages for filing with registrar
Clear Computing Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Clear Computing Limited
Balance sheet
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
500
500
Debtors
4
9,720
8,008
10,220
8,508
Creditors: amounts falling due within one year
5
(62,822)
(54,828)
Net current liabilities
(52,602)
(46,320)
Creditors: amounts falling due after more than one year
6
(24,567)
(29,973)
Deferred income
(402)
(131)
Net liabilities
(77,571)
(76,424)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(77,671)
(76,524)
Total equity
(77,571)
(76,424)

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

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 10 August 2025
Mr B A Hall
Director
Company Registration No. 06659918
Clear Computing Limited
Notes to the financial statements
For the year ended 31 March 2025
- 2 -
1
Accounting policies
Company information

Clear Computing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bishopstone, 36 Crescent Road, Worthing, West Sussex, BN11 1RL.

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 represents amounts receivable for goods and services net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue for the sale of services is recognised as invoices are raised, at the point jobs are completed. All jobs are short term, and recognising partially completed jobs is not relevant or feasible.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Clear Computing Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(continued)
- 3 -
1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs 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 value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Clear Computing Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(continued)
- 4 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Going concern

The company is dependant on the continued support of Mr B A Hall, in its ability to continue as a going concern. The director has provided the company with a loan without any formal repayment terms, to help establish the long term future of the company. The director has confirmed that the loan will not be repaid until the company has sufficient funds to do so. On this basis the director considers that it is appropriate for the financial statements to be prepared on the basis of a going concern basis.

2
Employees

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

2025
2024
1
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
16,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
16,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
Clear Computing Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,978
7,552
Other debtors
742
456
9,720
8,008
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
46,081
25,646
Trade creditors
2,595
1,426
Other taxation and social security
1,857
11,262
Other creditors
12,289
16,494
62,822
54,828
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
24,567
29,973
7
Share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
2025-03-312024-04-01falsefalsefalse01 September 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr B A Hall066599182024-04-012025-03-31066599182025-03-31066599182024-03-3106659918core:CurrentFinancialInstruments2025-03-3106659918core:CurrentFinancialInstruments2024-03-3106659918core:Non-currentFinancialInstruments2025-03-3106659918core:Non-currentFinancialInstruments2024-03-3106659918core:ShareCapital2025-03-3106659918core:ShareCapital2024-03-3106659918core:RetainedEarningsAccumulatedLosses2025-03-3106659918core:RetainedEarningsAccumulatedLosses2024-03-3106659918core:ShareCapitalOrdinaryShareClass12025-03-3106659918core:ShareCapitalOrdinaryShareClass12024-03-3106659918bus:Director12024-04-012025-03-3106659918core:Goodwill2024-04-012025-03-31066599182023-04-012024-03-3106659918core:NetGoodwill2024-03-3106659918core:NetGoodwill2025-03-3106659918core:NetGoodwill2024-03-3106659918bus:PrivateLimitedCompanyLtd2024-04-012025-03-3106659918bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3106659918bus:FRS1022024-04-012025-03-3106659918bus:AuditExemptWithAccountantsReport2024-04-012025-03-3106659918bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP