Company registration number SC264196 (Scotland)
CLEARTECH GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
CLEARTECH GROUP LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
CLEARTECH GROUP LTD
COMPANY INFORMATION
- 1 -
Directors
Mr J B McGuigan
Mrs D McGuigan
Secretary
Mrs G Sleigh
Company number
SC264196
Registered office
Unit 9, Block 2
First Road
Blantyre Industrial Estate
Glasgow
United Kingdom
G72 0ND
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
CLEARTECH GROUP LTD
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
176,725
195,330
Current assets
Stocks
30,000
30,000
Debtors
4
1,467,029
1,075,358
Cash at bank and in hand
104,108
1,947
1,601,137
1,107,305
Creditors: amounts falling due within one year
5
(1,232,709)
(807,381)
Net current assets
368,428
299,924
Total assets less current liabilities
545,153
495,254
Creditors: amounts falling due after more than one year
6
(11,492)
(69,135)
Provisions for liabilities
8
(21,987)
(24,508)
Net assets
511,674
401,611
Capital and reserves
Called up share capital
10
110
110
Share premium account
5,330
5,330
Profit and loss reserves
506,234
396,171
Total equity
511,674
401,611

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CLEARTECH GROUP LTD
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 10 April 2026 and are signed on its behalf by:
Mr J B McGuigan
Director
Company Registration No. SC264196
CLEARTECH GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Cleartech Group Ltd is a private company limited by shares incorporated in Scotland. The registered office is Unit 9, Block 2, First Road, Blantyre Industrial Estate, Glasgow, United Kingdom, G72 0ND. The company's registration number is SC264196.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents the value of all goods sold during the year, less returns received and services delivered at a selling price exclusive of Value Added Tax. Sales are recognised at the point at which the c ompany has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
8% straight line
Plant and equipment
20% reducing balance
Fixtures and fittings
15% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

1.4
Impairment of fixed 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.

CLEARTECH GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in first-out method and includes the normal cost of transporting stock to its present location a nd condition. Stock consists of materials

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

CLEARTECH GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value, and are depreciated in accordance with the above depreciation policies.

Future instalments payable under such agreements, net of finance charges, are included within creditors. Rentals payable are apportioned between the capital element, which reduces the outstanding obligation included within creditors, and the finance element, which is charged to the profit and loss accoun t on a straight line basis.

Rentals payable under operating leases, including any lease incentives received, are charged to profit and loss account 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 lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in the profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Total
52
46
CLEARTECH GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 July 2024
103,383
70,623
54,295
62,954
148,769
440,024
Additions
-
0
9,611
-
0
12,719
-
0
22,330
At 30 June 2025
103,383
80,234
54,295
75,673
148,769
462,354
Depreciation and impairment
At 1 July 2024
31,421
21,565
33,988
44,340
113,380
244,694
Depreciation charged in the year
8,271
10,994
3,046
9,777
8,847
40,935
At 30 June 2025
39,692
32,559
37,034
54,117
122,227
285,629
Carrying amount
At 30 June 2025
63,691
47,675
17,261
21,556
26,542
176,725
At 30 June 2024
71,962
49,058
20,307
18,614
35,389
195,330

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,307,854
1,045,248
Amounts owed by group undertakings
103,388
-
0
Other debtors
55,787
30,110
1,467,029
1,075,358

5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
64,359
80,745
Trade creditors
322,042
251,428
Taxation and social security
251,981
200,776
Other creditors
594,327
274,432
1,232,709
807,381
CLEARTECH GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5
Creditors: amounts falling due within one year
(Continued)
- 8 -

The bank loans are secured by a floating charge over the assets of the company.
Included within other creditors are amounts totalling £7,559 (2024 - £7,559) relating to h ire purchase contracts which are secured over the assets to which they relate.
Included in other creditors is an amount totalling £415,863 (2024 - £216,871) relating to an invoice discounting facility. This is secured by a floating charge over the assets of the company.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
7,500
57,583
Other creditors
3,992
11,552
11,492
69,135

Included within other creditors are amounts totalling £3,992 (2024 - £11,552) relating to h ire purchase contracts which are secured over the assets to which they relate.

7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
422,940
300,183
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
9
21,987
24,508
CLEARTECH GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
9
Deferred taxation

The following are the major deferred tax liabilities recognised by the company and movements thereon:

2025
2024
Balances:
£
£
Accelerated capital allowances
21,987
24,508
2025
Movements in the year:
£
Liability at 1 July 2024
24,508
Credit to profit or loss
(2,521)
Liability at 30 June 2025
21,987
10
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
50 A Ordinary of £1
50
50
50 B Ordinary of £1
50
50
5 C Ordinary of £1
5
5
5 D Ordinary of £1
5
5
110
110
11
Related party transactions

No other transactions with related parties were undertaken such as are required to be disclosed under the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

2025-06-30 2024-07-01 false false false 10 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr J B McGuigan Mrs D McGuigan Mrs G Sleigh SC264196 2024-07-01 2025-06-30 SC264196 bus:Director1 2024-07-01 2025-06-30 SC264196 bus:Director2 2024-07-01 2025-06-30 SC264196 bus:CompanySecretary1 2024-07-01 2025-06-30 SC264196 bus:RegisteredOffice 2024-07-01 2025-06-30 SC264196 2025-06-30 SC264196 2024-06-30 SC264196 core:LeaseholdImprovements 2025-06-30 SC264196 core:PlantMachinery 2025-06-30 SC264196 core:FurnitureFittings 2025-06-30 SC264196 core:ComputerEquipment 2025-06-30 SC264196 core:MotorVehicles 2025-06-30 SC264196 core:LeaseholdImprovements 2024-06-30 SC264196 core:PlantMachinery 2024-06-30 SC264196 core:FurnitureFittings 2024-06-30 SC264196 core:ComputerEquipment 2024-06-30 SC264196 core:MotorVehicles 2024-06-30 SC264196 core:WithinOneYear 2025-06-30 SC264196 core:WithinOneYear 2024-06-30 SC264196 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 SC264196 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC264196 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 SC264196 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 SC264196 core:AfterOneYear 2025-06-30 SC264196 core:AfterOneYear 2024-06-30 SC264196 core:ShareCapital 2025-06-30 SC264196 core:ShareCapital 2024-06-30 SC264196 core:SharePremium 2025-06-30 SC264196 core:SharePremium 2024-06-30 SC264196 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC264196 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC264196 core:ShareCapitalOrdinaryShareClass1 2025-06-30 SC264196 core:ShareCapitalOrdinaryShareClass1 2024-06-30 SC264196 core:ShareCapitalOrdinaryShareClass2 2025-06-30 SC264196 core:ShareCapitalOrdinaryShareClass2 2024-06-30 SC264196 core:ShareCapitalOrdinaryShareClass3 2025-06-30 SC264196 core:ShareCapitalOrdinaryShareClass3 2024-06-30 SC264196 core:ShareCapitalOrdinaryShareClass4 2025-06-30 SC264196 core:ShareCapitalOrdinaryShareClass4 2024-06-30 SC264196 core:LeaseholdImprovements 2024-07-01 2025-06-30 SC264196 core:PlantMachinery 2024-07-01 2025-06-30 SC264196 core:FurnitureFittings 2024-07-01 2025-06-30 SC264196 core:ComputerEquipment 2024-07-01 2025-06-30 SC264196 core:MotorVehicles 2024-07-01 2025-06-30 SC264196 2023-07-01 2024-06-30 SC264196 core:LeaseholdImprovements 2024-06-30 SC264196 core:PlantMachinery 2024-06-30 SC264196 core:FurnitureFittings 2024-06-30 SC264196 core:ComputerEquipment 2024-06-30 SC264196 core:MotorVehicles 2024-06-30 SC264196 2024-06-30 SC264196 core:CurrentFinancialInstruments 2025-06-30 SC264196 core:CurrentFinancialInstruments 2024-06-30 SC264196 core:Non-currentFinancialInstruments 2025-06-30 SC264196 core:Non-currentFinancialInstruments 2024-06-30 SC264196 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC264196 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC264196 bus:FRS102 2024-07-01 2025-06-30 SC264196 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC264196 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP