Clearvision International Limited - Period Ending 2014-06-30
Clearvision International Limited - Period Ending 2014-06-30
Registration number:
for the Year Ended
Clearvision International Limited
Contents
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Registration number:
Clearvision International Limited
Balance Sheet as at 30 June 2014
Note |
2014
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2013
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Capital redemption reserve |
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Profit and loss account |
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Shareholders' deficit |
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Approved by the Board on
P F Stephenson
Director
1
Clearvision International Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Exemption from preparing group accounts
Going concern
The financial statements have been prepared on a going concern basis, the validity of which depends upon future financing requirements and the availability of sufficient cash resources to meet those requirements. The availability of sufficient cash resources is dependent upon the other members of the group continuing to support the company.
Amortisation
The cost of the patent has been amortised on a product unit basis over its useful life,
Asset class |
Amortisation method and rate |
Patents |
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Depreciation
Depreciation is provided on all tangible assets at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixed asset investments
Fixed assets |
Intangible assets
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Tangible assets
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Investments
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Total
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Cost |
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At 1 July 2013 |
260,101 |
4,400 |
594 |
265,095 |
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At 30 June 2014 |
260,101 |
4,400 |
594 |
265,095 |
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Depreciation |
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At 1 July 2013 |
260,101 |
4,400 |
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264,501 |
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At 30 June 2014 |
260,101 |
4,400 |
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264,501 |
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Net book value |
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At 30 June 2014 |
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At 30 June 2013 |
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Clearvision International Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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The profit for the financial period of Clearvision Inc was £nil and the aggregate amount of capital and reserves at the end of the period was £nil.
The loss for the financial period of Clearvision Lighting Ltd was £43,118 and the aggregate amount of capital and reserves at the end of the period was £715,634.
The profit for the financial period of Virtual Daylight Technologies Ltd was £nil and the aggregate amount of capital and reserves at the end of the period was £6,988.
The profit for the financial period of Clearvision Helionix Ltd was £nil and the aggregate amount of capital and reserves at the end of the period was (£558).
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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During the year the existing A Ordinary shares in the company was redesignated Ordinary shares of £0.01 each.
New shares allotted
During the year |
Control |