Clarity Copiers (Holdings) Limited - Period Ending 2022-08-31

Clarity Copiers (Holdings) Limited

Company Information

Directors

Mr L T Whittington Mr J Eldridge

Company secretary

Mr L T Whittington

Registered office

Clarity House Collett Way Newton Abbot Devon TQ12 4PH

Solicitors

Kitson Hutchings Minerva House Orchard Way Edginswell Park Torquay Devon TQ2 7FA

Auditors

PKF Francis Clark Statutory Auditor North Quay House Sutton Harbour Plymouth Devon PL4 0RA

Clarity Copiers (Holdings) Limited

Balance Sheet

31 August 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	43,559	43,559
Cash at bank and in hand		5,685	5,727
		49,244	49,286
Creditors: Amounts falling due within one year	5	(33)	(33)
Net assets		49,211	49,253
Capital and reserves
Called up share capital	6	16,240	16,240
Profit and loss account		32,971	33,013
Shareholders' funds		49,211	49,253

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 November 2022 and signed on its behalf by:
 

......................................... Mr L T Whittington Director

Company Registration Number: 03725696

Clarity Copiers (Holdings) Limited

Notes to the Financial Statements

Year Ended 31 August 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clarity House
Collett Way
Newton Abbot
Devon
TQ12 4PH

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Financial instruments

Classification
The company holds the following financial instruments:

• Short-term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS 102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

Clarity Copiers (Holdings) Limited

Notes to the Financial Statements

Year Ended 31 August 2022

4

Debtors

	Note	2022 £	2021 £
Amounts due from group undertakings	7	43,524	43,524
Other debtors		35	35
		43,559	43,559

5

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Other creditors	33	33

6	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
Ordinary shares of £1 each	13,140	13,140	13,140	13,140
Ordinary A shares of £1 each	3,100	3,100	3,100	3,100
	16,240	16,240	16,240	16,240

7	Related party transactions

The company has taken advantage of the exemption in the FRS 102 "Related Party Disclosures" from disclosing transactions with other wholly owned members of the group.

8	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Duncan Leslie, who signed for and on behalf of PKF Francis Clark on 16 November 2022.

Clarity Copiers (Holdings) Limited

Notes to the Financial Statements

Year Ended 31 August 2022

9	Parent and ultimate parent undertaking

The company's immediate parent is LJ (Copiers) Limited, incorporated in England and Wales.

 The ultimate controlling party is Mr L T Whittington by virtue of his majority shareholding in LJ (Copiers) Limited.

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is LJ (Copiers) Limited, incorporated in England and Wales.

The address of LJ (Copiers) Limited is:
Clarity House
Collett Way
Newton Abbot
Devon
TQ12 4PH