Clearview Utilites Ltd - Accounts to registrar (filleted) - small 23.1.2

Clearview Utilites Ltd - Accounts to registrar (filleted) - small 23.1.2

CLEARVIEW UTILITIES LTD - Company Information

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REGISTERED NUMBER: 11492198 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Clearview Utilities Ltd
Clearview Utilities Ltd (Registered number: 11492198)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clearview Utilities Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTORS: P J Coombes
A Guare





REGISTERED OFFICE: Unit 301 Old Barn Farm Road
Woolsbridge Industrial Estate
Wimborne
Dorset
BH21 6SP





REGISTERED NUMBER: 11492198 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB
Page 1
Clearview Utilities Ltd (Registered number: 11492198)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,734 178,501

CURRENT ASSETS
Debtors 5 124,214 111,823
Cash at bank and in hand 17,562 22,475
141,776 134,298
CREDITORS
Amounts falling due within one year 6 96,595 54,245
NET CURRENT ASSETS 45,181 80,053
TOTAL ASSETS LESS CURRENT
LIABILITIES
184,915
258,554

CREDITORS
Amounts falling due after more than one
year
7
(80,255
)
(63,218
)

PROVISIONS FOR LIABILITIES (34,930 ) (33,920 )
NET ASSETS 69,730 161,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,630 161,316
69,730 161,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 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 notes form part of these financial statements

Page 2 continued...
Clearview Utilities Ltd (Registered number: 11492198)

Balance Sheet - continued
31st March 2023


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 and authorised for issue on 11th September 2023 and were signed on its behalf by:





P J Coombes - Director


The notes form part of these financial statements

Page 3
Clearview Utilities Ltd (Registered number: 11492198)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Clearview Utilities Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2022 - 7 ) .

Page 4 continued...
Clearview Utilities Ltd (Registered number: 11492198)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 184,823
Additions 9,740
Disposals (3,900 )
At 31st March 2023 190,663
DEPRECIATION
At 1st April 2022 6,322
Charge for year 44,607
At 31st March 2023 50,929
NET BOOK VALUE
At 31st March 2023 139,734
At 31st March 2022 178,501

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 110,740
DEPRECIATION
Charge for year 27,685
At 31st March 2023 27,685
NET BOOK VALUE
At 31st March 2023 83,055
At 31st March 2022 110,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 64,332 103,830
Amounts owed by group undertakings 55,211 -
Other debtors 4,671 7,993
124,214 111,823

Page 5 continued...
Clearview Utilities Ltd (Registered number: 11492198)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 16,000 -
Hire purchase contracts 6,176 4,536
Trade creditors 16,700 13,115
Amounts owed to group undertakings - 6,027
Taxation and social security 42,305 9,062
Other creditors 15,414 21,505
96,595 54,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 23,330 -
Hire purchase contracts 56,925 63,218
80,255 63,218

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £140,000 (2022 - £45,000) were paid to the directors .

During the year the company made sales of £139,065 (2022 - £222,435) to Clearview Surveys Ltd and incurred costs of £126,633 (2022 - £168,579). Both companies are under the common control of P Coombes and A Guare.

Page 6