Company registration number: 04170303
Unaudited financial statements
for the year ended 31 July 2025
for
Clear Prospects Limited
Pages for filing with the Registrar
Company registration number: 04170303
Clear Prospects Limited
Balance sheet
as at 31 July 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 76,979 90,617
76,979 90,617
Current assets
Stocks - 10,672
Debtors 28,647 19,397
Cash at bank and in hand 28,974 59,182
57,621 89,251
Creditors: amounts falling due within one
year 		(44,088) (39,583)
Net current assets 13,533 49,668
Total assets less current liabilities 90,512 140,285
NET ASSETS 90,512 140,285
Capital and reserves
Called up share capital 3 3
Profit and loss account 90,509 140,282
TOTAL EQUITY 90,512 140,285
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04170303
Clear Prospects Limited
Balance sheet - continued
as at 31 July 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Robinson, Director
16 December 2025
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Clear Prospects Limited
Notes to the financial statements
for the year ended 31 July 2025
1 Company information
Clear Prospects Limited is a private company registered in England and Wales. Its registered number is 04170303. The company is limited by shares. Its registered office is Unit J3, Glenfield Business Park Site 1, Blackburn, Lancashire, BB1 5PF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 33.33% straight line
Plant and machinery - 33.33% straight line
Fixtures & fittings - 25%/33.33% per annum straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Clear Prospects Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 8 (2024 - 8).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2024 579,805
Additions 66,638
Disposals (36,677)
At 31 July 2025 609,766
Depreciation
At 1 August 2024 489,188
Charge for year 60,284
Eliminated on disposal (16,685)
At 31 July 2025 532,787
Net book value
At 31 July 2025 76,979
At 31 July 2024 90,617
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