Acorah Software Products - Accounts Production 16.4.675 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 09586562 Mr Ahmed Meriden Ms Rasha Abdelwahed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09586562 2024-05-31 09586562 2025-05-31 09586562 2024-06-01 2025-05-31 09586562 frs-core:CurrentFinancialInstruments 2025-05-31 09586562 frs-core:ComputerEquipment 2024-06-01 2025-05-31 09586562 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-01 2025-05-31 09586562 frs-core:FurnitureFittings 2024-06-01 2025-05-31 09586562 frs-core:OtherResidualIntangibleAssets 2025-05-31 09586562 frs-core:OtherResidualIntangibleAssets 2024-06-01 2025-05-31 09586562 frs-core:OtherResidualIntangibleAssets 2024-05-31 09586562 frs-core:PlantMachinery 2025-05-31 09586562 frs-core:PlantMachinery 2024-06-01 2025-05-31 09586562 frs-core:PlantMachinery 2024-05-31 09586562 frs-core:ShareCapital 2025-05-31 09586562 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 09586562 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09586562 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 09586562 frs-bus:SmallEntities 2024-06-01 2025-05-31 09586562 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 09586562 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 09586562 frs-bus:Director1 2024-06-01 2025-05-31 09586562 frs-bus:Director2 2024-06-01 2025-05-31 09586562 frs-countries:EnglandWales 2024-06-01 2025-05-31 09586562 2023-05-31 09586562 2024-05-31 09586562 2023-06-01 2024-05-31 09586562 frs-core:CurrentFinancialInstruments 2024-05-31 09586562 frs-core:ShareCapital 2024-05-31 09586562 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 09586562
Clarity Ventures Ltd.
Unaudited Financial Statements
For The Year Ended 31 May 2025
Optmark Accountants
Incorporated Financial Accountants
Unit 5 Red Lion Court
Alexandra Road
Hounslow
England
TW3 1JS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09586562
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,888 11,832
Tangible Assets 5 2,488 2,909
10,376 14,741
CURRENT ASSETS
Debtors 6 4,823 22,018
Cash at bank and in hand 65,559 48,209
70,382 70,227
Creditors: Amounts Falling Due Within One Year 7 (32,161 ) (27,813 )
NET CURRENT ASSETS (LIABILITIES) 38,221 42,414
TOTAL ASSETS LESS CURRENT LIABILITIES 48,597 57,155
PROVISIONS FOR LIABILITIES
Deferred Taxation (553 ) (553 )
NET ASSETS 48,044 56,602
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 48,042 56,600
SHAREHOLDERS' FUNDS 48,044 56,602
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ahmed Meriden
Director
17/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Clarity Ventures Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09586562 . The registered office is Suite 7 Link House, 140 Tolworth Broadway, Surbiton, KT6 7HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 26)
26 26
Page 2
Page 3
4. Intangible Assets
Other
£
Cost
As at 1 June 2024 39,440
As at 31 May 2025 39,440
Amortisation
As at 1 June 2024 27,608
Provided during the period 3,944
As at 31 May 2025 31,552
Net Book Value
As at 31 May 2025 7,888
As at 1 June 2024 11,832
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2024 7,294
Additions 457
As at 31 May 2025 7,751
Depreciation
As at 1 June 2024 4,385
Provided during the period 878
As at 31 May 2025 5,263
Net Book Value
As at 31 May 2025 2,488
As at 1 June 2024 2,909
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,972 18,991
Other debtors 851 3,027
4,823 22,018
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,544 18,753
Taxation and social security 18,617 9,060
32,161 27,813
Page 3
Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4