Company Registration No. 05690183 (England and Wales)
Clarus Solutions Limited
Unaudited accounts
for the year ended 31 December 2017
Clarus Solutions Limited
Unaudited accounts
Contents
Clarus Solutions Limited
Company Information
for the year ended 31 December 2017
Company Number
05690183 (England and Wales)
Registered Office
The Estate Office, Dacliffe Ind. Estate
Appledore Road
Woodchurch
Kent
TN26 3TG
United Kingdom
Accountants
KSAS Ltd
The Estate Office, Dacliffe Ind. Estate
Appledore Road
Woodchurch
Kent
TN26 3TG
Clarus Solutions Limited
Statement of financial position
as at 31 December 2017
Tangible assets
26,339
27,302
Cash at bank and in hand
22,718
-
Creditors: amounts falling due within one year
(120,960)
(93,027)
Net current assets
60,904
26,009
Total assets less current liabilities
87,243
53,311
Creditors: amounts falling due after more than one year
(6,777)
(3,961)
Provisions for liabilities
Deferred tax
(4,838)
(3,068)
Called up share capital
4
4
Profit and loss account
75,624
46,278
Shareholders' funds
75,628
46,282
For the year ending 31 December 2017 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 director acknowledges his 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.
Approved by the Board on 24 August 2018.
Mr C Dickens
Director
Company Registration No. 05690183
Clarus Solutions Limited
Notes to the Accounts
for the year ended 31 December 2017
Clarus Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05690183. The registered office is The Estate Office, Dacliffe Ind. Estate, Appledore Road, Woodchurch, Kent, TN26 3TG, United Kingdom.
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 2017
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2017
3,827
31,671
5,057
40,555
Additions
752
17,495
-
18,247
Disposals
-
(17,495)
-
(17,495)
At 31 December 2017
4,579
31,671
5,057
41,307
At 1 January 2017
2,050
8,126
3,077
13,253
Charge for the year
589
7,228
495
8,312
On disposals
-
(6,597)
-
(6,597)
At 31 December 2017
2,639
8,757
3,572
14,968
At 31 December 2017
1,940
22,914
1,485
26,339
At 31 December 2016
1,777
23,545
1,980
27,302
Work in progress
47,753
2,500
Accrued income and prepayments
104,104
116,116
Clarus Solutions Limited
Notes to the Accounts
for the year ended 31 December 2017
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
2,255
Obligations under finance leases and hire purchase contracts
3,700
3,711
Trade creditors
6,314
7,661
Taxes and social security
17,273
47,976
Proposed dividends
-
13,600
Other creditors
80,376
22,970
Loans from directors
-
(10,976)
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
6,777
3,961
9
Transactions with related parties
As at the balance sheet date, Clarus Solutions Limited had outstanding loans of £64,176 due to Clarus Homes (Design & Build) Limited, a company controlled by common director and shareholder Mr C Dickens. The loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2016: 1).
