REGISTERED NUMBER: 08265962 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

CLEARTRACK PERFORMANCE LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M Soden

D Soden

REGISTERED OFFICE:

23 Somerset Road

Frome

Somerset

BA11 1HB

REGISTERED NUMBER:

08265962 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cleartrack Performance Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cleartrack Performance Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cleartrack Performance Ltd and state those matters that we have agreed to state to the Board of Directors of Cleartrack Performance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cleartrack Performance Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cleartrack Performance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cleartrack Performance Ltd. You consider that Cleartrack Performance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cleartrack Performance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

4 November 2025

FIXED ASSETS

Tangible assets

4

12,911

4,292

Investments

5

110,000

-

122,911

4,292

CURRENT ASSETS

Debtors

6

185,525

121,793

Cash at bank and in hand

222,487

430,495

408,012

552,288

CREDITORS

Amounts falling due within one year

7

123,130

143,612

NET CURRENT ASSETS

284,882

408,676

TOTAL ASSETS LESS CURRENT LIABILITIES

407,793

412,968

PROVISIONS FOR LIABILITIES

8

3,007

1,070

NET ASSETS

404,786

411,898

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

404,686

411,798

SHAREHOLDERS' FUNDS

404,786

411,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

D Soden - Director

M Soden - Director

1.	STATUTORY INFORMATION

Cleartrack Performance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting estimates and uncertainties

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office Equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Plant & Machinery

-

25% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments in shares and other similar financial assets held for investment are held at fair value, with gains and losses taken to the profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Plant &

Equipment

fittings

Machinery

Totals

£

£

£

£

COST

At 1 November 2023

12,698

10,896

6,402

29,996

Additions

9,310

3,051

-

12,361

At 31 October 2024

22,008

13,947

6,402

42,357

DEPRECIATION

At 1 November 2023

10,524

10,578

4,602

25,704

Charge for year

2,448

550

744

3,742

At 31 October 2024

12,972

11,128

5,346

29,446

NET BOOK VALUE

At 31 October 2024

9,036

2,819

1,056

12,911

At 31 October 2023

2,174

318

1,800

4,292

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

110,000

At 31 October 2024

110,000

NET BOOK VALUE

At 31 October 2024

110,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

181,828

96,792

Other debtors

3,697

25,001

185,525

121,793

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,794

6,192

Taxation and social security

71,643

93,826

Other creditors

45,693

43,594

123,130

143,612

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

3,007

1,070

Deferred

tax

£

Balance at 1 November 2023

1,070

Movement

1,937

Balance at 31 October 2024

3,007

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

90

Ordinary A

1

90

100

5

Ordinary B

1

5

-

5

Ordinary C

1

5

-

100

100

In the year, the 100 Ordinary Shares were designated to new descriptions. 90 were converted to Ordinary A, 5 to Ordinary B and 5 to Ordinary C.

All share classes rank pari passu.

10.	OTHER FINANCIAL COMMITMENTS

There are annual financial commitments for lease payments of £nil (2023 -£2,091).