Registration number: SC512220

Clarinet Communications Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Clarinet Communications Limited

Company Information

Directors

AA Arere Mrs P Arere

Registered office

3 Strathalmond Green Edinburgh EH4 8AG

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Clarinet Communications Limited

(Registration number: SC512220)
Balance Sheet as at 31 August 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	407	479
Current assets
Debtors	5	109,274	61,954
Cash at bank and in hand		322	84
		109,596	62,038
Creditors: Amounts falling due within one year	6	(83,060)	(36,383)
Net current assets		26,536	25,655
Total assets less current liabilities		26,943	26,134
Creditors: Amounts falling due after more than one year	6	(21,148)	(25,743)
Provisions for liabilities		(109)	(127)
Net assets		5,686	264
Capital and reserves
Called up share capital		1	1
Retained earnings		5,685	263
Shareholders' funds		5,686	264

Clarinet Communications Limited

(Registration number: SC512220)
Balance Sheet as at 31 August 2024

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

......................................... AA Arere Director

......................................... Mrs P Arere Director

Clarinet Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
3 Strathalmond Green
Edinburgh
EH4 8AG

These financial statements were authorised for issue by the Board on 18 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Clarinet Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Clarinet Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Clarinet Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 September 2023	1,802	1,802
At 31 August 2024	1,802	1,802
Depreciation
At 1 September 2023	1,323	1,323
Charge for the year	72	72
At 31 August 2024	1,395	1,395
Carrying amount
At 31 August 2024	407	407
At 31 August 2023	479	479

5

Debtors

Current	2024 £	2023 £
Trade debtors	14,460	-
Other debtors	94,814	61,954
	109,274	61,954

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	7,600	7,600
Trade creditors		4,510	609
Taxation and social security		48,382	26,998
Accruals and deferred income		4,556	1,176
Other creditors		18,012	-
		83,060	36,383

Clarinet Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	21,148	25,743

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	21,148	25,743

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	7,600	7,600

Clarinet Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8	Related party transactions

Transactions with directors

2024	At 1 September 2023 £	Advances to director £	Repayments by director £	At 31 August 2024 £
AA Arere
Directors loan account	24,109	147,120	(171,229)	-

2023	At 1 September 2022 £	Advances to director £	Repayments by director £	At 31 August 2023 £
AA Arere
Directors loan account	(838)	101,052	(76,105)	24,109

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	29,330	19,461