Company registration number 08561259 (England and Wales)
Clearaway Limited
Unaudited Financial Statements
For the year ended 31 August 2025
Clearaway Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
Clearaway Limited
Statement of financial position
As at 31 August 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
9,637
11,596
Tangible assets
4
1,941,394
2,206,985
1,951,031
2,218,581
Current assets
Stocks
10,141
6,380
Debtors
5
3,652,587
3,185,214
Cash at bank and in hand
89,809
45,272
3,752,537
3,236,866
Creditors: amounts falling due within one year
6
(2,078,686)
(1,639,024)
Net current assets
1,673,851
1,597,842
Total assets less current liabilities
3,624,882
3,816,423
Creditors: amounts falling due after more than one year
7
(1,106,917)
(1,452,576)
Provisions for liabilities
(445,311)
(501,593)
Net assets
2,072,654
1,862,254
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,072,554
1,862,154
Total equity
2,072,654
1,862,254
Clearaway Limited
Statement of financial position (continued)
As at 31 August 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 November 2025
Mr C B Williams
Director
Company registration number 08561259 (England and Wales)
Clearaway Limited
Statement of changes in equity
For the year ended 31 August 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 September 2023
100
1,699,061
1,699,161
Year ended 31 August 2024:
Profit and total comprehensive income
-
413,093
413,093
Dividends
-
(250,000)
(250,000)
Balance at 31 August 2024
100
1,862,154
1,862,254
Year ended 31 August 2025:
Profit and total comprehensive income
-
460,400
460,400
Dividends
-
(250,000)
(250,000)
Balance at 31 August 2025
100
2,072,554
2,072,654
Clearaway Limited
Notes to the financial statements
For the year ended 31 August 2025
- 4 -
1
Accounting policies
Company information

Clearaway Limited is a private company limited by shares incorporated in England and Wales. The registered office is Rushock Trading Estate, Rushock, Droitwich, Worcestershire, England, WR9 0NR.

1.1
Basis of preparation

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Revenue

Turnover represents net invoiced sales of goods & services, excluding value added tax.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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.

1.4
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 land and buildings
over the lease term
Plant and equipment
at variable rates on reducing balance
Fixtures and fittings
10% on cost
Motor vehicles
25% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

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

Clearaway Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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 income statement, 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.

1.7
Retirement benefits

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

1.8
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

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

2025
2024
Number
Number
Total
32
31
Clearaway Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024 and 31 August 2025
19,595
Amortisation and impairment
At 1 September 2024
7,999
Amortisation charged for the year
1,959
At 31 August 2025
9,958
Carrying amount
At 31 August 2025
9,637
At 31 August 2024
11,596
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2024
83,129
1,168,334
98,771
3,081,055
4,431,289
Additions
-
0
164,271
38,932
72,839
276,042
At 31 August 2025
83,129
1,332,605
137,703
3,153,894
4,707,331
Depreciation and impairment
At 1 September 2024
76,737
720,502
73,840
1,353,225
2,224,304
Depreciation charged in the year
709
91,490
8,058
441,376
541,633
At 31 August 2025
77,446
811,992
81,898
1,794,601
2,765,937
Carrying amount
At 31 August 2025
5,683
520,613
55,805
1,359,293
1,941,394
At 31 August 2024
6,392
447,832
24,931
1,727,830
2,206,985
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,029,364
932,217
Other debtors
243,276
306,640
1,272,640
1,238,857
Clearaway Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
5
Debtors
(Continued)
- 7 -
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
2,379,947
1,946,357
Total debtors
3,652,587
3,185,214
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
479,752
535,721
Trade creditors
568,419
408,470
Corporation tax
189,726
42,304
Other taxation and social security
206,928
194,505
Other creditors
506,858
369,951
Accruals and deferred income
127,003
88,073
2,078,686
1,639,024
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
831,417
1,237,076
Other borrowings
275,500
215,500
1,106,917
1,452,576

Secured Debts

The following secured debts are included within creditors:-

HSBC Invoice Finance 2025 £456,829 - (2024 £366,576).

8
Contingent Liabilities

The company has entered into a cross guarantee agreement with HSBC UK Limited to secure the borrowings of its related companies, Wingib Holdings Limited and Nivlac Holdings Limited.

9
Operating lease commitments
As lessee

The total amount of commitments, guarantees and contingencies at the end of the year was £45,157 (2024 - £45,157).

Clearaway Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 8 -
10
Related party transactions

The amount due to directors at 31st August 2025 was £275,500 (2024 £215,500). The amount due is included within Creditors; amounts falling due after more than one year.

The aggregate balance due by the parent company, Wingib Holdings Limited, at 31st August 2025 was £1,151,146 (2024 £1,310,361).

The balance due by the ultimate holding company, Nivlac Holdings Limited, at 31st August 2025 was £1,228,801 (2024 - £635,756).

11
Parent company

The ultimate parent company of Clearaway Limited is Nivlac Holdings Limited, a company with a principal place of business at Rushock Trading Estate, Rushock, Droitwich, Worcestershire, WR9 0NR.

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