Clarity Alliance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02363566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

CLARITY ALLIANCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTORS:

G A Mathews

G R Coleman

P G Hansen

L J Armstrong

A Clough

E J Gould

I R Sutton

T M Barron

R S Dalton

A S Lee

SECRETARY:

G A Mathews

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

02363566 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2

3

2

3

CURRENT ASSETS

Debtors

6

8,180

14,510

Cash at bank

21,291

26,372

29,471

40,882

CREDITORS

Amounts falling due within one year

7

2,863

5,719

NET CURRENT ASSETS

26,608

35,163

TOTAL ASSETS LESS CURRENT LIABILITIES

26,610

35,166

RESERVES

Income and expenditure account

26,610

35,166

26,610

35,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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 surplus or deficit 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 Board of Directors on 25 February 2020 and were signed on its behalf by:

G A Mathews - Director

1.	STATUTORY INFORMATION

Clarity Alliance Ltd is a private company, limited by guarantee , 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do

not consider there to be any material uncertainties. As a result they have adopted the going concern basis of

accounting.

Turnover

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

Turnover is recognised when subscriptions become due for renewal.

Intangible fixed assets

Depreciation is provided at the following rate in order to write off each asset over its estimated useful economic

life.

Website development - 33% per annum straight line ( currently amortised to nil as at 31.12.18)

Tangible fixed assets

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

Fixtures and fittings

-

33% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 January 2019

and 31 December 2019

5,500

AMORTISATION

At 1 January 2019

and 31 December 2019

5,500

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2019

and 31 December 2019

4,566

DEPRECIATION

At 1 January 2019

4,563

Charge for year

1

At 31 December 2019

4,564

NET BOOK VALUE

At 31 December 2019

2

At 31 December 2018

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

8,180

14,510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Tax

7

7

VAT

2,685

5,540

Accrued expenses

171

172

2,863

5,719

8.	RELATED PARTY DISCLOSURES

Due to the nature of the association, all sales and purchases are to related parties at arms length.

9.	SHARE CAPITAL

The company is limited by guarantee and has no share capital. In the event that the company is wound up, the

liability of members is limited to £1.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Clarity Alliance Ltd for the year ended 31 December 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clarity Alliance Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clarity Alliance Ltd and state those matters that we have agreed to state to the Board of Directors of Clarity Alliance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clarity Alliance Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clarity Alliance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clarity Alliance Ltd. You consider that Clarity Alliance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clarity Alliance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

21 April 2020