Clear Thinking (Software) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01985278 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Clear Thinking (Software) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Searle

SECRETARY:

Mrs G M Searle

REGISTERED OFFICE:

73 Hartington Road

Brighton

East Sussex

BN2 3LS

REGISTERED NUMBER:

01985278 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Intangible assets

4

-

1,000

Tangible assets

5

1,119

2,427

1,119

3,427

CURRENT ASSETS

Stocks

605

890

Debtors

6

4,852

6,081

Prepayments and accrued income

13,268

12,587

Cash at bank and in hand

227,252

698,622

245,977

718,180

CREDITORS

Amounts falling due within one year

7

90,927

83,604

NET CURRENT ASSETS

155,050

634,576

TOTAL ASSETS LESS CURRENT
LIABILITIES

156,169

638,003

ACCRUALS AND DEFERRED INCOME

81,751

81,114

NET ASSETS

74,418

556,889

CAPITAL AND RESERVES

Called up share capital

170

Retained earnings

74,248

556,719

SHAREHOLDERS' FUNDS

74,418

556,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2026 and were signed by:

M A Searle - Director

1.	STATUTORY INFORMATION

Clear Thinking (Software) 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 is measured at fair value of the consideration received or receivable, excluding discounts where applicable, rebates, and value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 15% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable values.

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 and creditors, loans from banks and other third parties, loans to related parties and other investments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

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 (including fair value adjustments) 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 9 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2025

and 31 January 2026

211,770

AMORTISATION

At 1 February 2025

210,770

Charge for year

1,000

At 31 January 2026

211,770

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

1,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

71,078

Disposals

(1,458

)

At 31 January 2026

69,620

DEPRECIATION

At 1 February 2025

68,651

Charge for year

233

Eliminated on disposal

(383

)

At 31 January 2026

68,501

NET BOOK VALUE

At 31 January 2026

1,119

At 31 January 2025

2,427

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

4,852

6,081

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

9,879

14,599

Taxation and social security

80,411

68,368

Other creditors

637

90,927

83,604

8.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had total commitments of £58,473 (2025 - £62,282).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

M A Searle

Balance outstanding at start of year

-

12,010

Amounts repaid

-

(12,010

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10.

DIVIDENDS

During the financial year the Director approved dividends of £600,210 (2025 - £80,410).