Clearwater Technologies Limited - Accounts to registrar (filleted) - small 18.2

Clearwater Technologies Limited - Accounts to registrar (filleted) - small 18.2

CLEARWATER TECHNOLOGIES LTD. - Company Information

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REGISTERED NUMBER: 03428942 (England and Wales)















CLEARWATER TECHNOLOGIES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2019





Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX








CLEARWATER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03428942)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEARWATER TECHNOLOGIES LIMITED

Company Information
for the Year Ended 31 March 2019







DIRECTOR: J Dalby





REGISTERED OFFICE: Clearwater House
17 Heath Terrace
Leamington Spa
Warwickshire
CV32 5NA





REGISTERED NUMBER: 03428942 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX
Page 1
CLEARWATER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03428942)

Balance Sheet
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,947 4,078

CURRENT ASSETS
Stocks 190,340 180,340
Debtors 5 118,272 46,834
Cash at bank and in hand 72,407 30
381,019 227,204
CREDITORS
Amounts falling due within one year 6 342,564 195,290
NET CURRENT ASSETS 38,455 31,914
TOTAL ASSETS LESS CURRENT
LIABILITIES
53,402
35,992

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,302 35,892
SHAREHOLDERS' FUNDS 53,402 35,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 December 2019 and were signed by:





J Dalby - Director


The notes form part of these financial statements

Page 2
CLEARWATER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03428942)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Clearwater Technologies 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 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.
Freehold property - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

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

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 3 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2018 25,696 14,545 4,312 44,553
Additions - 13,984 526 14,510
At 31 March 2019 25,696 28,529 4,838 59,063
DEPRECIATION
At 1 April 2018 23,036 13,425 4,014 40,475
Charge for year 665 2,902 74 3,641
At 31 March 2019 23,701 16,327 4,088 44,116
NET BOOK VALUE
At 31 March 2019 1,995 12,202 750 14,947
At 31 March 2018 2,660 1,120 298 4,078

Page 3 continued...
CLEARWATER TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03428942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 77,865 44,142
Other debtors 40,243 1,732
Prepayments 164 960
118,272 46,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts - 19,742
Trade creditors 98,258 4,680
Social security and other taxes 14,992 13,242
Other creditors 51,064 71,953
Amounts due to related party - 83,673
Directors' current accounts 177,250 -
Accrued expenses 1,000 2,000
342,564 195,290

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £38,511 (2018: owed £83,673) from Clearwater Industrial
Limited.

Page 4