Clearview Industrial Ltd

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

1. General Information

Clearview Industrial Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 00997073 . The registered office is Royston Court Festival Way, Rotherwas Industrial Estate, Hereford, HR2 6ST.

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. 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	20% on cost and 10% on reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33.3% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Leasing and Hire Purchase Contracts

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 leased asset are consumed.

2.6. 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.

Page 3

Page 4

Clearview Industrial Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Non-current investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating

policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement

are classified as jointly controlled entities.

2.8. Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,

the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cashgenerating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment

loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 4)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	2,010	448	10,401	12,859
Additions	-	-	253	253

As at 31 December 2024	2,010	448	10,654	13,112

Depreciation
As at 1 January 2024	1,059	237	8,812	10,108
Provided during the period	95	31	752	878

As at 31 December 2024	1,154	268	9,564	10,986

Net Book Value
As at 31 December 2024	856	180	1,090	2,126

As at 1 January 2024	951	211	1,589	2,751

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	1,000,000

Page 4

Page 5

Clearview Industrial Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Unlisted
	£
Cost
As at 1 January 2024	100

As at 31 December 2024	100

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	100

As at 1 January 2024	100

7. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	-	2,850
Other debtors	68,144	81,948

	68,144	84,798
Due after more than one year
Other debtors	15,000	15,000

	83,144	99,798

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,527	3,202
Bank loans and overdrafts	29,000	29,000
Other creditors	35,072	10,109
Taxation and social security	3,950	4,084

	71,549	46,395

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	262,481	391,481

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

Page 5

Page 6

Clearview Industrial Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Benjamin Williams	30,801	34,756	(29,176 )	-	36,381
Mr Darren Williams	14,000	18	-	-	14,018

All amounts advanced to a Director are provided interest free and are repayable on demand.

12. Related Party Transactions

The company received rent totalling £78,658 from its subsidiary company, Cleanmy Limited. This rent was paid at a full market value.

Page 6

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,126		2,751
Investment Properties	5		1,000,000		1,000,000
Investments	6		100		100

			1,002,226		1,002,851
CURRENT ASSETS
Debtors	7	83,144		99,798
Cash at bank and in hand		112,083		238,163

		195,227		337,961
Creditors: Amounts Falling Due Within One Year	8	(71,549 )		(46,395 )

NET CURRENT ASSETS (LIABILITIES)			123,678		291,566

TOTAL ASSETS LESS CURRENT LIABILITIES			1,125,904		1,294,417

Creditors: Amounts Falling Due After More Than One Year	9		(262,481 )		(391,481 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(36,932 )		(32,756 )

NET ASSETS			826,491		870,180

CAPITAL AND RESERVES
Called up share capital	10		200		200
Other reserves			81,770		81,770
Profit and Loss Account			744,521		788,210

SHAREHOLDERS' FUNDS			826,491		870,180