IRIS Accounts Production v20.3.0.228 02938204 director 1.7.19 30.6.20 30.6.20 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 02938204 2019-06-30 02938204 2020-06-30 02938204 2019-07-01 2020-06-30 02938204 2018-06-30 02938204 2018-07-01 2019-06-30 02938204 2019-06-30 02938204 ns16:EnglandWales 2019-07-01 2020-06-30 02938204 ns15:PoundSterling 2019-07-01 2020-06-30 02938204 ns11:Director1 2019-07-01 2020-06-30 02938204 ns11:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30 02938204 ns11:SmallEntities 2019-07-01 2020-06-30 02938204 ns11:AuditExempt-NoAccountantsReport 2019-07-01 2020-06-30 02938204 ns11:SmallCompaniesRegimeForDirectorsReport 2019-07-01 2020-06-30 02938204 ns11:SmallCompaniesRegimeForAccounts 2019-07-01 2020-06-30 02938204 ns11:AbridgedAccounts 2019-07-01 2020-06-30 02938204 ns11:RegisteredOffice 2019-07-01 2020-06-30 02938204 ns6:CurrentFinancialInstruments 2020-06-30 02938204 ns6:CurrentFinancialInstruments 2019-06-30 02938204 ns6:ShareCapital 2020-06-30 02938204 ns6:ShareCapital 2019-06-30 02938204 ns6:RetainedEarningsAccumulatedLosses 2020-06-30 02938204 ns6:RetainedEarningsAccumulatedLosses 2019-06-30 02938204 ns6:PlantMachinery 2019-07-01 2020-06-30 02938204 ns6:FurnitureFittings 2019-07-01 2020-06-30 02938204 ns6:MotorVehicles 2019-07-01 2020-06-30 02938204 ns6:ComputerEquipment 2019-07-01 2020-06-30
REGISTERED NUMBER: 02938204 (England and Wales)

































Unaudited Financial Statements

For The Year Ended

30 June 2020

for

CLEARSCHEME LIMITED

CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)






Contents of the Financial Statements
For The Year Ended 30 June 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


CLEARSCHEME LIMITED

Company Information
For The Year Ended 30 June 2020







DIRECTOR: K D Price



REGISTERED OFFICE: 8 Eastway
Sale
Cheshire
M33 4DX



REGISTERED NUMBER: 02938204 (England and Wales)



ACCOUNTANTS: Leavitt Walmsley Associates Limited
Chartered Certified Accountants
8 Eastway
Sale
Cheshire
M33 4DX



BANKERS: The Co-operative Bank PLC
P.O. Box 101
1 Balloon Street
Manchester
M60 4EP

CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)

Abridged Balance Sheet
30 June 2020

30.6.20 30.6.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,274 2,436

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5,561 7,213
Cash at bank 54,570 21,395
61,631 30,108
CREDITORS
Amounts falling due within one year 50,627 27,614
NET CURRENT ASSETS 11,004 2,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,278

4,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,178 4,830
SHAREHOLDERS' FUNDS 13,278 4,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2021 and were signed by:





K D Price - Director


CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)

Notes to the Financial Statements
For The Year Ended 30 June 2020

1. STATUTORY INFORMATION

Clearscheme Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the customer have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have been invoiced the sale is recognised within deferred income in current liabilities until such time a right to consideration arises.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken with the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management.

Profits and losses on the disposal of fixed assets are included in the calculation of profit for the year.

The directors assess the company's tangible assets for evidence of impairment at each reporting date. Where there are indicators of impairment, the directors calculate recoverable amount of the asset(s) and compare this with the carrying amount. If recoverable amount is lower than carrying amount, the asset is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss for the year. Impairment losses are reversed when there is evidence that the reasons giving rise to the original impairment loss have ceased to apply. Impairment losses are reversed through profit and loss, but only to the extent that the reversal does not increase the carrying amount of the asset to the amount which would have been stated, net of depreciation, had no impairment loss been recognised.

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price is the price which would be obtained by selling the product in the open market in an arm's length transaction.

Provision is made by way of write down to estimated selling price less costs to complete and sell for obsolete and slow moving items.

CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2020

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment.

Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year with an associated expense in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2020

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2019 18,230
Additions 233
At 30 June 2020 18,463
DEPRECIATION
At 1 July 2019 15,794
Charge for year 395
At 30 June 2020 16,189
NET BOOK VALUE
At 30 June 2020 2,274
At 30 June 2019 2,436

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the director of £10,568 (2019- £24,499), and received credits of £10,573 (2019- £25,437) from the director.The advances are interest-free and are repayable on demand.