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REGISTERED NUMBER: 02938204 (England and Wales)

































Unaudited Financial Statements

For The Year Ended

30 June 2019

for

CLEARSCHEME LIMITED

CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)






Contents of the Financial Statements
For The Year Ended 30 June 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

CLEARSCHEME LIMITED

Company Information
For The Year Ended 30 June 2019







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 2019

30.6.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,151 1,106

CURRENT ASSETS
Stocks 1,500 7,583
Debtors 7,212 4,279
Cash at bank 21,395 12,554
30,107 24,416
CREDITORS
Amounts falling due within one year 37,103 25,352
NET CURRENT LIABILITIES (6,996 ) (936 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,155

170

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,055 70
SHAREHOLDERS' FUNDS 7,155 170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 2019 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 on 2 December 2019 and were signed by:





K D Price - Director


CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)

Notes to the Financial Statements
For The Year Ended 30 June 2019

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes
all costs of purchase, freight, irrecoverable taxes and costs of conversion and other directly attributable costs
which are incurred by the entity in bringing the stock to its present location and condition. The cost methodology
employed by the entity is the first-in first-out method.

CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2019

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 (2018 - 4 ) .

CLEARSCHEME LIMITED (REGISTERED NUMBER: 02938204)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2019

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2018 17,083
Additions 13,470
Disposals (608 )
At 30 June 2019 29,945
DEPRECIATION
At 1 July 2018 15,977
Charge for year 425
Eliminated on disposal (608 )
At 30 June 2019 15,794
NET BOOK VALUE
At 30 June 2019 14,151
At 30 June 2018 1,106

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the director of £24,499 (2018- £25,567), and received credits of
£25,437 (2018- £25,551) from the director.The advances are interest-free and are repayable on demand.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Clearscheme Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and
the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Clearscheme Limited for the year ended 30 June 2019 which comprise the Profit and loss
account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Clearscheme Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clearscheme Limited and state those matters that we have agreed to state to the director of Clearscheme Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Clearscheme Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clearscheme Limited. You consider that Clearscheme Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clearscheme Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






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


Date: .............................................