Company Registration No. 05690183 (England and Wales)
Clarus Solutions Limited
Unaudited accounts
for the year ended 31 December 2022
Clarus Solutions Limited
Unaudited accounts
Contents
Clarus Solutions Limited
Company Information
for the year ended 31 December 2022
Directors
Mr C Dickens
Mr R Rexton
Company Number
05690183 (England and Wales)
Registered Office
Suites 5 & 6
The Thorne Business Park
Bethersden, Ashford
Kent
TN26 3AF
England
Accountants
Southern Accounting Limited
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
Clarus Solutions Limited
Statement of financial position
as at 31 December 2022
Tangible assets
92,524
120,573
Investment property
169,115
-
Inventories
694,521
676,586
Cash at bank and in hand
556,427
156,722
Creditors: amounts falling due within one year
(2,225,726)
(1,419,078)
Net current (liabilities)/assets
(216,211)
20,314
Total assets less current liabilities
45,434
140,893
Creditors: amounts falling due after more than one year
(24,167)
(124,848)
Provisions for liabilities
Deferred tax
(1,807)
(1,807)
Called up share capital
100
100
Profit and loss account
19,360
14,138
Shareholders' funds
19,460
14,238
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by
Mr C Dickens
Director
Company Registration No. 05690183
Clarus Solutions Limited
Notes to the Accounts
for the year ended 31 December 2022
Clarus Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05690183. The registered office is Suites 5 & 6, The Thorne Business Park, Bethersden, Ashford, Kent, TN26 3AF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Clarus Solutions Limited
Notes to the Accounts
for the year ended 31 December 2022
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
6,810
135,345
3,513
145,668
Additions
1,981
-
837
2,818
At 31 December 2022
8,791
135,345
4,350
148,486
At 1 January 2022
2,964
20,443
1,688
25,095
Charge for the year
1,424
28,906
537
30,867
At 31 December 2022
4,388
49,349
2,225
55,962
At 31 December 2022
4,403
85,996
2,125
92,524
At 31 December 2021
3,846
114,902
1,825
120,573
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
-
109,063
At 31 December 2022
169,115
Clarus Solutions Limited
Notes to the Accounts
for the year ended 31 December 2022
6
Investments
Subsidiary undertakings
Valuation at 1 January 2022
6
Valuation at 31 December 2022
6
Amounts falling due within one year
Trade debtors
185,176
(43)
Amounts due from group undertakings etc.
440,017
460,385
Accrued income and prepayments
39,515
63,686
Other debtors
67,530
56,877
8
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
90,681
9,048
Trade creditors
1,039,151
999,569
Amounts owed to group undertakings and other participating interests
637,848
183,777
Taxes and social security
452,628
197,662
Other creditors
105,457
33,115
Loans from directors
(127,690)
(68,238)
9
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
90,681
10
Average number of employees
During the year the average number of employees was 4 (2021: 4).
