Clear Thinking Consultancy Limited

Clear Thinking Consultancy Limited

CLEAR THINKING CONSULTANCY LIMITED - Company Information

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1 January 2017 false No description of principal activity Taxfiler 2018.11.Web 07892293business:PrivateLimitedCompanyLtd2017-01-012017-12-31 078922932016-12-31 078922932017-01-012017-12-31 07892293business:AuditExemptWithAccountantsReport2017-01-012017-12-31 07892293business:FullAccounts2017-01-012017-12-31 078922932017-12-31 07892293business:Director12017-01-012017-12-31 07892293business:RegisteredOffice2017-01-012017-12-31 078922932016-12-31 07892293core:WithinOneYear2017-12-31 07892293core:WithinOneYear2016-12-31 07892293core:ShareCapital2017-12-31 07892293core:ShareCapital2016-12-31 07892293core:RetainedEarningsAccumulatedLosses2017-12-31 07892293core:RetainedEarningsAccumulatedLosses2016-12-31 07892293business:SmallEntities2017-01-012017-12-31 07892293countries:EnglandWales2017-01-012017-12-31 07892293core:FurnitureFittings2017-01-012017-12-31 07892293core:ComputerEquipment2017-01-012017-12-31 07892293core:PlantMachinery2016-12-31 07892293core:ComputerEquipment2016-12-31 07892293core:PlantMachinery2017-01-012017-12-31 07892293core:PlantMachinery2017-12-31 07892293core:ComputerEquipment2017-12-31 07892293business:OrdinaryShareClass12017-01-012017-12-31 07892293business:OrdinaryShareClass12016-01-012016-12-31 07892293business:Director112017-01-012017-12-31 07892293business:Director112016-12-31 07892293business:Director112017-12-31 078922932016-01-012016-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07892293 (England and Wales)
Clear Thinking Consultancy Limited Unaudited accounts for the year ended 31 December 2017
Clear Thinking Consultancy Limited Unaudited accounts Contents
Page
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Clear Thinking Consultancy Limited Company Information for the year ended 31 December 2017
Director
Kita Jiwani
Company Number
07892293 (England and Wales)
Registered Office
Flat 1 25 Vereker Road London W14 9JU
Accountants
Niall O'Driscoll FCMA CGMA OD Accountants Ltd Suite 213, The Pillbox, 115 Coventry Rd Bethnal Green London E2 6GG
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Clear Thinking Consultancy Limited Statement of financial position as at 31 December 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,076 
1,206 
Current assets
Debtors
5
3,700 
6,500 
Cash at bank and in hand
2,511 
4,408 
6,211 
10,908 
Creditors: amounts falling due within one year
6
(7,285)
(20,154)
Net current liabilities
(1,074)
(9,246)
Net assets/(liabilities)
2 
(8,040)
Capital and reserves
Called up share capital
7
1 
1 
Profit and loss account
1 
(8,041)
Shareholders' funds
2 
(8,040)
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 her 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 26 September 2018.
Kita Jiwani Director Company Registration No. 07892293
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Clear Thinking Consultancy Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
Clear Thinking Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 07892293. The registered office is Flat 1, 25 Vereker Road, London , W14 9JU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Grants
A grant of £28,000 (2015 £28,000) was received from the John Lyons Charity in 2016 via Brent Play Association, Clear Thinking Consultancy's strategic partner. In partnership with CVS Brent and with the support of Brent Play Association, Clear Thinking Consultancy Limited work with small, non-profit organisations in the London Borough of Brent who are working with vulnerable children and young people and struggling to deliver services by merit of being financially at-risk. The work supports them to understand and respond to the key organisational developmental areas that will support them to maximise social value and deliver high-impact cost effective services in the community. The total expenditure for the financial year was £12,204 (2016 £13,402). The expenditure was used for salaries of £5,000 (2016 £6,181), portion of directors costs £3,000 (2016 £2,700) sub contractors £4,000 (2016 £4,000) and other administrative expenses of £203 (2016 £521). The grant and the related expenditure is shown net in the accounts.
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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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Clear Thinking Consultancy Limited Notes to the Accounts for the year ended 31 December 2017
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2017
689 
1,334 
2,023 
Additions
343 
- 
343 
At 31 December 2017
1,032 
1,334 
2,366 
Depreciation
At 1 January 2017
550 
267 
817 
Charge for the year
206 
267 
473 
At 31 December 2017
756 
534 
1,290 
Net book value
At 31 December 2017
276 
800 
1,076 
At 31 December 2016
139 
1,067 
1,206 
5
Debtors
2017 
2016 
£ 
£ 
Other debtors
3,700 
6,500 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
2,601 
6,662 
Other creditors
311 
88 
Accruals
4,373 
1,200 
Deferred income
- 
12,204 
7,285 
20,154 
7
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kita Jiwani
Advance
6,500 
- 
2,800 
3,700 
6,500 
- 
2,800 
3,700 
9
Transactions with related parties
The company rents office space and facilities from the Director Kita Jiwani, the cost to the business was £1,500 (2016 £2,700)
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Clear Thinking Consultancy Limited Notes to the Accounts for the year ended 31 December 2017
10
Average number of employees
During the year the average number of employees was 2 (2016: 2).
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