IRIS Accounts Production v25.2.0.378 05466565 director 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05466565 2024-03-31 05466565 2025-03-31 05466565 2024-04-01 2025-03-31 05466565 2023-03-31 05466565 2023-04-01 2024-03-31 05466565 2024-03-31 05466565 ns15:EnglandWales 2024-04-01 2025-03-31 05466565 ns14:PoundSterling 2024-04-01 2025-03-31 05466565 ns10:Director1 2024-04-01 2025-03-31 05466565 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05466565 ns10:SmallEntities 2024-04-01 2025-03-31 05466565 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05466565 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 05466565 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05466565 ns10:FullAccounts 2024-04-01 2025-03-31 05466565 1 2024-04-01 2025-03-31 05466565 ns10:CompanySecretary1 2024-04-01 2025-03-31 05466565 ns10:RegisteredOffice 2024-04-01 2025-03-31 05466565 ns5:CurrentFinancialInstruments 2025-03-31 05466565 ns5:CurrentFinancialInstruments 2024-03-31 05466565 ns5:Non-currentFinancialInstruments 2025-03-31 05466565 ns5:Non-currentFinancialInstruments 2024-03-31 05466565 ns5:ShareCapital 2025-03-31 05466565 ns5:ShareCapital 2024-03-31 05466565 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 05466565 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 05466565 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 05466565 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 05466565 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 05466565 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 05466565 ns5:FurnitureFittings 2024-04-01 2025-03-31 05466565 ns5:ComputerEquipment 2024-04-01 2025-03-31 05466565 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 05466565 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 05466565 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 05466565 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 05466565 ns5:LeaseholdImprovements 2024-03-31 05466565 ns5:FurnitureFittings 2024-03-31 05466565 ns5:ComputerEquipment 2024-03-31 05466565 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-03-31 05466565 ns5:LeaseholdImprovements 2025-03-31 05466565 ns5:FurnitureFittings 2025-03-31 05466565 ns5:ComputerEquipment 2025-03-31 05466565 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 05466565 ns5:LeaseholdImprovements 2024-03-31 05466565 ns5:FurnitureFittings 2024-03-31 05466565 ns5:ComputerEquipment 2024-03-31 05466565 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 05466565 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 05466565 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 05466565 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 05466565 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 05466565 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31

REGISTERED NUMBER: 05466565 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| CLEARLEFT LIMITED |

| CLEARLEFT LIMITED (REGISTERED NUMBER: 05466565) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| CLEARLEFT LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | R A Rutter

| SECRETARY: | R A Rutter

| REGISTERED OFFICE: | 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| REGISTERED NUMBER: | 05466565 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting (Hove) Limited

| 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| CLEARLEFT LIMITED (REGISTERED NUMBER: 05466565) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,640 |  | 1,904 |  |

Tangible assets | 5 | 21,384 |  | 27,929 |  |

Investments | 6 | 12,294 |  | 12,294 |  |

35,318 |  | 42,127 |  |

CURRENT ASSETS

Debtors | 7 | 229,576 |  | 407,270 |  |

Prepayments and accrued income | - |  | 26,492 |  |

Cash at bank and in hand | 145,590 |  | 229,818 |  |

375,166 |  | 663,580 |  |

CREDITORS

Amounts falling due within one year | 8 | (554,016 | ) | (641,357 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (178,850 | ) | 22,223 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (143,532 | ) | 64,350 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (163,781 | ) | (227,358 | ) |

PROVISIONS FOR LIABILITIES | (5,346 | ) | (6,983 | ) |

NET LIABILITIES | (312,659 | ) | (169,991 | ) |

CAPITAL AND RESERVES

Called up share capital | 4 |  | 4 |  |

Retained earnings | (312,663 | ) | (169,995 | ) |

SHAREHOLDERS' FUNDS | (312,659 | ) | (169,991 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| CLEARLEFT LIMITED (REGISTERED NUMBER: 05466565) |

BALANCE SHEET - continued

31 MARCH 2025

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 director and authorised for issue on 3 November 2025 and were signed by:

R A Rutter - Director

| CLEARLEFT LIMITED (REGISTERED NUMBER: 05466565) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Clearleft Limited 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.

| Turnover

| Turnover represents invoiced sales of goods and services excluding value added tax, including accrued income for work completed as at the year end which was invoiced shortly after the year, and excluding deferred income form amounts invoiced in advance of the completion of work.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Long leasehold | - | 10% on cost

| Improvements to property | - | 10% on cost

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 33% on cost

| 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.

| CLEARLEFT LIMITED (REGISTERED NUMBER: 05466565) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 20 ) .

4. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 2,636 |  |

| AMORTISATION

| At 1 April 2024 | 732 |  |

| Amortisation for year | 264 |  |

| At 31 March 2025 | 996 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,640 |  |

| At 31 March 2024 | 1,904 |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| Long |  | to |  | and |  | Computer |

| leasehold |  | property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 14,975 |  | 15,770 |  | 60,561 |  | 134,817 |  | 226,123 |  |

| Additions | - |  | - |  | - |  | 1,216 |  | 1,216 |  |

| Disposals | - |  | - |  | - |  | (1,854 | ) | (1,854 | ) |

| At 31 March 2025 | 14,975 |  | 15,770 |  | 60,561 |  | 134,179 |  | 225,485 |  |

| DEPRECIATION

| At 1 April 2024 | 5,990 |  | 2,898 |  | 59,289 |  | 130,017 |  | 198,194 |  |

| Charge for year | 2,995 |  | 1,578 |  | 529 |  | 2,659 |  | 7,761 |  |

| Eliminated on disposal | - |  | - |  | - |  | (1,854 | ) | (1,854 | ) |

| At 31 March 2025 | 8,985 |  | 4,476 |  | 59,818 |  | 130,822 |  | 204,101 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,990 |  | 11,294 |  | 743 |  | 3,357 |  | 21,384 |  |

| At 31 March 2024 | 8,985 |  | 12,872 |  | 1,272 |  | 4,800 |  | 27,929 |  |

| CLEARLEFT LIMITED (REGISTERED NUMBER: 05466565) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

2025 | 2024 |

£ | £ |

| Painting | 12,294 |  | 12,294 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 61,663 |  | 162,039 |  |

| Tax | - |  | 84,585 |  |

| Prepayments | 167,913 |  | 160,646 |  |

229,576 |  | 407,270 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 51,585 |  | 50,000 |  |

| Trade creditors | 28,274 |  | 148,130 |  |

| Social security and other taxes | 68,968 |  | 22,173 |  |

| VAT | 30,700 |  | 66,667 |  |

| Other creditors | 26,512 |  | 19,748 |  |

| Directors' loan accounts | 50,686 |  | 75,019 |  |

| Accruals and deferred income | 274,789 |  | 259,620 |  |

| Accrued expenses | 22,502 |  | - |  |

554,016 |  | 641,357 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 25,000 |  | 50,000 |  |

| Bank loans - 2-5 years | - |  | 25,000 |  |

| Other creditors | 138,781 |  | 152,358 |  |

163,781 |  | 227,358 |  |

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| During the year, Mr R Rutter decreased his loan to the company. As at the year-end 31 March 2025, the balance owed by the company to the director was £50,686 (2024: £75,019). This balance represented the maximum amount outstanding during the year and is repayable on demand.

| Finally, an interest of 4.89% being charged on the loan.

11. | RELATED PARTY DISCLOSURES

| During the year, the company paid rent of £97,250 to A Budd and R Rutter SASS of which two of the directors are the trustees. These transactions were carried out at market rates and on normal commercial terms.

| CLEARLEFT LIMITED (REGISTERED NUMBER: 05466565) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is Clearleft Trustees Limited.

| This is by virtue of their 75% holding of the ordinary share capital.