Clear Tech Oil Limited - Limited company - abbreviated - 11.6
Clear Tech Oil Limited - Limited company - abbreviated - 11.6
CLEAR TECH OIL LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2014 |
CLEAR TECH OIL LIMITED (REGISTERED NUMBER: 07294671) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH JUNE 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
CLEAR TECH OIL LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
CLEAR TECH OIL LIMITED (REGISTERED NUMBER: 07294671) |
ABBREVIATED BALANCE SHEET |
30TH JUNE 2014 |
30/6/14 | 30/6/13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Share premium |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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 were approved by the Board of Directors on |
CLEAR TECH OIL LIMITED (REGISTERED NUMBER: 07294671) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH JUNE 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Preparation of consolidated financial statements |
The financial statements contain information about Clear Tech Oil Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Patents and licences |
Expenditure on patents and licences are amortised in line with the FRSSE (effective April 2008) over a period of |
five years. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Research and development |
Expenditure on research and development is deferred in line with the provisions contained within the FRSSE |
(effective April 2008). Where there is a separately identifiable and commercially viable project, expenditure less |
funding contributions from third parties is deferred. Once the project is complete the deferred expenditure is then |
amortised in line with expected revenue streams from that project. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st July 2013 |
and 30th June 2014 |
AMORTISATION |
At 1st July 2013 |
Amortisation for year |
At 30th June 2014 |
NET BOOK VALUE |
At 30th June 2014 |
At 30th June 2013 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1st July 2013 |
and 30th June 2014 | 100 |
NET BOOK VALUE |
At 30th June 2014 |
At 30th June 2013 |
CLEAR TECH OIL LIMITED (REGISTERED NUMBER: 07294671) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2014 |
3. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Country of incorporation: England |
Nature of business: |
% |
Class of shares: | holding |
Ordinary |
£ | £ |
Aggregate capital and reserves | 100 | 100 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/6/14 | 30/6/13 |
value: | £ | £ |
Ordinary | £1 |
5. | GOING CONCERN |
The continued trading of the company is dependant upon the directors. This support has been confirmed for the |
foreseeable future. |