Clear Ratio Limited - Period Ending 2015-09-30

Registration number: 06982334

Clear Ratio Limited

Annual Report and Unaudited Accounts

for the Year Ended 30 September 2015
 

CRK Accounting Limited
12a Fleet Business Park
Sandy Lane
Church Crookham
Fleet
Hampshire
GU52 8BF

Clear Ratio Limited
(Registration number: 06982334)
Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Current assets
Debtors		3			30			1,700
Creditors: Amounts falling due within one year					-			(1,615)
Net assets					30			85
Capital and reserves
Called up share capital		4			30			30
Profit and loss account					-			55
Shareholders' funds					30			85

For the year ending 30 September 2015 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

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.

Approved and authorised for issue by the Board on 14 June 2016 and signed on its behalf by:

.........................................
NJ Chattaway
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Clear Ratio Limited
Notes to the financial statements for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided at the following annual rates in order to write each asset over its estimated useful life.

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Office Equipment	33% cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Tangible fixed assets

		Fixtures and fittings £			Office equipment £			Total £
Cost or valuation
At 1 October 2014		587			2,144			2,731
Depreciation
At 1 October 2014		587			2,144			2,731
Net book value
At 30 September 2015		-			-			-
At 30 September 2014		-			-			-

3

Debtors

		2015 £			2014 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		30			1,700

Page 2

Clear Ratio Limited
Notes to the financial statements for the Year Ended 30 September 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		30			30			30			30

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