Clear IT Recruitment Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 7437769

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,292		3,986

			3,292		3,986
CURRENT ASSETS
Debtors	5	93,508		131,719
Cash at bank and in hand		333,552		265,139

		427,060		396,858
Creditors: Amounts Falling Due Within One Year	6	(63,495 )		(72,543 )

NET CURRENT ASSETS (LIABILITIES)			363,565		324,315

TOTAL ASSETS LESS CURRENT LIABILITIES			366,857		328,301

NET ASSETS			366,857		328,301

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			366,855		328,299

SHAREHOLDERS' FUNDS			366,857		328,301

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Clear IT Recruitment Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 Paul Watts

Director

11th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. Accounting Policies

1.1. 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.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Computer Equipment

25% Reducing balance basis

1.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

2. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	2	2
Sales, marketing and distribution	6	5

	8	7

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Clear IT Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	12,500

As at 31 December 2024	12,500

Amortisation
As at 1 January 2024	12,500

As at 31 December 2024	12,500

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	16,631
Additions	404

As at 31 December 2024	17,035

Depreciation
As at 1 January 2024	12,645
Provided during the period	1,098

As at 31 December 2024	13,743

Net Book Value
As at 31 December 2024	3,292

As at 1 January 2024	3,986

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Clear IT Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	7,200	45,393
Prepayments and accrued income	56	-
Corporation tax recoverable assets	9,112	7,448

	16,368	52,841
Due after more than one year
Directors loan account	77,140	78,878

	93,508	131,719

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	29,650	29,195
Corporation tax	33,845	43,348

	63,495	72,543

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors (Debtor 2020):

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Paul Watts	78,877	84,822	86,560	-	77,139

The above loan is unsecured, interest free and repayable on demand.

9. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	68,000	69,600

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Clear IT Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Ultimate Controlling Party

The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.