Clearview Networks Limited - Limited company - abbreviated - 11.9

Clearview Networks Limited - Limited company - abbreviated - 11.9

CLEARVIEW NETWORKS LIMITED - Company Information

Print Friendly Version

SC353902 1.4.14 31.3.15 31.3.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3539022014-03-31SC3539022015-03-31SC3539022014-04-012015-03-31SC3539022013-03-31SC3539022013-04-012014-03-31SC3539022014-03-31SC353902ns12:Scotland2014-04-012015-03-31SC353902ns14:PoundSterling2014-04-012015-03-31SC353902ns7:Director12014-04-012015-03-31SC353902ns7:OrdinaryShareClass12014-04-012015-03-31SC353902ns5:FixturesFittings2014-04-012015-03-31SC353902ns5:MotorVehicles2014-04-012015-03-31SC353902ns5:ComputerEquipment2014-04-012015-03-31SC353902ns7:OrdinaryShareClass12015-03-31SC353902ns7:OrdinaryShareClass12014-03-31SC353902ns7:Director12014-03-31SC353902ns7:Director12013-03-31SC353902ns7:Director12013-04-012014-03-31SC353902ns7:Director12015-03-31SC353902ns7:Director12014-03-31SC353902ns7:EntityAccountantsOrAuditors2014-04-012015-03-31
REGISTERED NUMBER: SC353902 (Scotland)




















CLEARVIEW NETWORKS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015






CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Chartered Certified Accountants' Report 4

CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 5,294 8,261
5,294 8,261

CURRENT ASSETS
Debtors 33,725 68,590
Cash at bank 11,361 27,838
45,086 96,428
CREDITORS
Amounts falling due within one year 46,479 57,134
NET CURRENT (LIABILITIES)/ASSETS (1,393 ) 39,294
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,901
47,555

PROVISIONS FOR LIABILITIES 816 1,356
NET ASSETS 3,085 46,199

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 2,085 45,199
SHAREHOLDERS' FUNDS 3,085 46,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 2 December 2015 and were signed by:





T Jenkins - Director


The notes form part of these abbreviated accounts

Page 1
CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

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).

Turnover
The turnover shown in the profit and loss account represents the invoice value of services rendered and goods
supplied during the year, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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 the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 10,000
AMORTISATION
At 1 April 2014
and 31 March 2015 10,000
NET BOOK VALUE

At 31 March 2015 -
At 31 March 2014 -

Page 2 continued...
CLEARVIEW NETWORKS LIMITED (REGISTERED NUMBER: SC353902)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 20,087
Additions 1,131
At 31 March 2015 21,218
DEPRECIATION
At 1 April 2014 11,826
Charge for year 4,098
At 31 March 2015 15,924
NET BOOK VALUE
At 31 March 2015 5,294
At 31 March 2014 8,261

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary shares of £1 £1 1,000 1,000

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and
31 March 2014:

2015 2014
£    £   
T Jenkins
Balance outstanding at start of year 14,439 4,703
Amounts advanced - 47,871
Amounts repaid (14,439 ) (38,135 )
Balance outstanding at end of year - 14,439

The amounts advanced represent aggregated transactions during the year.

The loan is interest free, with no fixed term of repayment.

Page 3
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLEARVIEW NETWORKS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages one to three)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Clearview Networks Limited for the year ended 31 March 2015 which comprise the Profit and
Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Clearview Networks Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clearview Networks Limited and state those matters that we have agreed to state to the director of Clearview Networks Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Clearview Networks Limited 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 profit of Clearview Networks Limited. You consider that Clearview Networks Limited 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 Clearview Networks Limited.
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.






JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD


2 December 2015

This page does not form part of the abbreviated accounts

Page 4