Clear Creations Ltd - Accounts

Clear Creations Ltd - Accounts

CLEAR CREATIONS LTD - Company Information

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Registered Number: 06764718
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2023

for

CLEAR CREATIONS LTD

Clear Creations Ltd
Contents Page
For the year ended 31 March 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 4 10,050    12,562 
10,050    12,562 
Current assets      
Stocks 25,622    28,450 
Debtors: amounts falling due within one year 19,911    23,454 
Cash at bank and in hand 10,904    10,255 
56,437    62,159 
Creditors: amount falling due within one year (79,718)   (78,489)
Net current liabilities (23,281)   (16,330)
 
Total assets less current liabilities (13,231)   (3,768)
Net liabilities (13,231)   (3,768)
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account (14,231)   (4,768)
Shareholder's funds (13,231)   (3,768)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 December 2023 and were signed by:


-------------------------------
Ms V Prior
Director
1
General Information
Clear Creations Ltd is a private company, limited by shares, registered in England and Wales, registration number 06764718, registration address Albion House, Albion Street, Lewes, East Sussex, BN7 2NF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 38,000    38,000 
Additions -    - 
Disposals -    - 
At 31 March 2023 38,000    38,000 
Amortisation
At 01 April 2022 38,000    38,000 
Charge for year -    - 
On disposals -    - 
At 31 March 2023 38,000    38,000 
Net book values
At 31 March 2023 -    - 
At 31 March 2022 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 April 2022 30,334    30,334 
Additions -    - 
Disposals -    - 
At 31 March 2023 30,334    30,334 
Depreciation
At 01 April 2022 17,772    17,772 
Charge for year 2,512    2,512 
On disposals -    - 
At 31 March 2023 20,284    20,284 
Net book values
Closing balance as at 31 March 2023 10,050    10,050 
Opening balance as at 01 April 2022 12,562    12,562 


2