REGISTERED NUMBER: 06536557 (England and Wales)

CLEAR VIEW IMAGING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

160

188

Tangible assets

5

521,532

55,975

521,692

56,163

CURRENT ASSETS

Stocks

555,638

722,818

Debtors

6

939,582

1,271,932

Cash at bank

64,145

87,431

1,559,365

2,082,181

CREDITORS

Amounts falling due within one year

7

1,138,717

1,024,315

NET CURRENT ASSETS

420,648

1,057,866

TOTAL ASSETS LESS CURRENT LIABILITIES

942,340

1,114,029

CREDITORS

Amounts falling due after more than one year

8

(418,278

)

(11,132

)

PROVISIONS FOR LIABILITIES

-

(7,678

)

NET ASSETS

524,062

1,095,219

CAPITAL AND RESERVES

Called up share capital

51

51

Capital redemption reserve

49

49

Retained earnings

523,962

1,095,119

524,062

1,095,219

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

A P Anderson - Director

1.	STATUTORY INFORMATION

Clear View Imaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06536557

Registered office:

Unit 11 Christmas Hill Business Park

Rycote Lane

Thame

Oxfordshire

OX9 2FZ

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.

Going concern

The financial statements are prepared on the going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with related undertakings within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Directors' opinion there are no significant judgements or key sources of estimated uncertainty.

Turnover

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

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognizes revenue when:

The amount of revenue can be reliably measured;

it is probable that the future economic benefits will flow to the entity;

and specific criteria have been met for each of the Company's activities.

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Software licence - 15% reducing balance

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures and fittings - 20 - 25% reducing balance

Computer equipment - 15% reducing balance

Leasehold improvements - 10 year straight line basis

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related 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 profit or loss.

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 Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

1,320

AMORTISATION

At 1 April 2024

1,132

Charge for year

28

At 31 March 2025

1,160

NET BOOK VALUE

At 31 March 2025

160

At 31 March 2024

188

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

173,067

Additions

522,756

Disposals

(46,732

)

At 31 March 2025

649,091

DEPRECIATION

At 1 April 2024

117,092

Charge for year

52,776

Eliminated on disposal

(42,309

)

At 31 March 2025

127,559

NET BOOK VALUE

At 31 March 2025

521,532

At 31 March 2024

55,975

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

Additions

504,379

At 31 March 2025

504,379

DEPRECIATION

Charge for year

43,852

At 31 March 2025

43,852

NET BOOK VALUE

At 31 March 2025

460,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

324,573

490,185

Amounts owed by group undertakings

425,062

624,115

Other debtors

189,947

157,632

939,582

1,271,932

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,572

47,176

Finance leases (see note 9)

87,255

-

Trade creditors

277,629

290,621

Amounts owed to group undertakings

155,610

-

Taxation and social security

170,804

188,577

Other creditors

425,847

497,941

1,138,717

1,024,315

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 9)

351,685

-

Other creditors

66,593

11,132

418,278

11,132

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Gross obligations repayable:

Within one year

133,139

-

Between one and five years

421,327

-

554,466

-

Finance charges repayable:

Within one year

45,884

-

Between one and five years

69,642

-

115,526

-

Net obligations repayable:

Within one year

87,255

-

Between one and five years

351,685

-

438,940

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

98,672

103,060

Between one and five years

339,019

352,936

In more than five years

339,018

423,773

776,709

879,769

10.	RELATED PARTY DISCLOSURES

Director’s Loan

During the year, the company received a loan of £90,000 from its director, Mr Allan Anderson. As at the balance sheet date, the full amount remained outstanding (2024: £nil).

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