Registered Number 05567212

CLEARFLEAU LIMITED

Abbreviated Accounts

31 December 2013

CLEARFLEAU LIMITED Registered Number 05567212

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 163,055 198,565
163,055 198,565
Current assets
Debtors 995,285 914,004
Cash at bank and in hand 381,929 131,003
1,377,214 1,045,007
Creditors: amounts falling due within one year (1,606,473) (991,127)
Net current assets (liabilities) (229,259) 53,880
Total assets less current liabilities (66,204) 252,445
Total net assets (liabilities) (66,204) 252,445
Capital and reserves
Called up share capital 232,268 195,272
Share premium account 1,602,857 1,047,917
Other reserves (990,745) (491,791)
Profit and loss account (910,584) (498,953)
Shareholders' funds (66,204) 252,445
  • For the year ending 31 December 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 December 2014

And signed on their behalf by:
AD Gover, Director
C Chapman, Director

CLEARFLEAU LIMITED Registered Number 05567212

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor Vehicles 20% straight line
Plant and machinery 10% straight line

Other accounting policies
Work In Progress
Work in progress is valued on the basis of long term contracts, in line with guidance set out in UITF 40. The company classifies as long term those contracts where the activity extends over more than one accounting period. The amount recognised as turnover represents the amount of work carried out in the period. Where the outcome of a contract can be assessed with reasonable certainty, attributable profit is recognised in proportion to the amount of turnover recognised in the accounts. Full provision is made for any foreseeable losses. Long term contract balances are included in the balance sheet at net cost, less foreseeable losses, and included in debtors under amounts recoverable on contracts.

Going Concern
The company receives substantial funding support from the directors of the company, and will continue to do so until the completion of the initial project build. The accounts have therefore been prepared on a going concern basis.

2Tangible fixed assets
£
Cost
At 1 January 2013 337,390
Additions 646
Disposals -
Revaluations -
Transfers -
At 31 December 2013 338,036
Depreciation
At 1 January 2013 138,825
Charge for the year 36,156
On disposals -
At 31 December 2013 174,981
Net book values
At 31 December 2013 163,055
At 31 December 2012 198,565