Clear Image Ltd Filleted accounts for Companies House (small and micro)
Clear Image Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09700794
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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– |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
7 |
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-------- |
-------- |
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Net current liabilities |
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-------- |
-------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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------- |
------- |
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Net assets |
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------- |
------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
------- |
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Shareholders funds |
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------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
4 November 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09700794
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Notes to the Financial Statements |
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Boathouse, Harbour Square, Nene Parade, Wisbech, Cambs, PE13 3BH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property |
- |
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Fixtures and fittings |
- |
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Impairment of fixed assets
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2017:
1
).
5.
Tangible assets
Land and buildings |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2017 |
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Additions |
– |
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At 31 March 2018 |
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Depreciation |
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At 1 April 2017 |
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Charge for the year |
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------- |
-------- |
-------- |
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At 31 March 2018 |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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6.
Debtors
2018 |
2017 |
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£ |
£ |
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Other debtors |
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– |
------- |
---- |
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7.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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– |
Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Director's advances, credits and guarantees
Advances to the director in the year totalled £92,503 (2017:£72,671) and amounts repaid totalled £85,000 (2017:£55,000). At 31 March 2018 the loan account of the director was overdrawn by £5,921 and it is the intention of the director to rectify this debit balance at the earliest opportunity.
9.
Related party transactions
During the previous year the company was under the joint control of the directors
Mr G Adam
and Mrs C Adam, until she resigned and disposed of her share holding on 10 October 2016, by virtue of their joint 100% shareholding in the company. After that the company was under the sole control of Mr G Adam
. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A..