Clearskies Mark Limited 30/11/2020 iXBRL

Clearskies Mark Limited 30/11/2020 iXBRL

CLEARSKIES MARK LIMITED - Company Information

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Company registration number: 12311369
Clearskies Mark Limited
Company limited by guarantee
Unaudited filleted financial statements
30 November 2020
Clearskies Mark Limited
Company limited by guarantee
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Clearskies Mark Limited
Company limited by guarantee
Statement of financial position
30th November 2020
30/11/20
Note £ £
Current assets
Debtors 5 479
Cash at bank and in hand 10,905
_______
11,384
Creditors: amounts falling due
within one year 6 ( 1,731)
_______
Net current assets 9,653
_______
Total assets less current liabilities 9,653
_______
Net assets 9,653
_______
Capital and reserves
Income and expenditure account 9,653
_______
Members funds 9,653
_______
For the period ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 March 2021 , and are signed on behalf of the board by:
D J Spencer
Director
Company registration number: 12311369
Clearskies Mark Limited
Company limited by guarantee
Statement of changes in equity
Period ended 30th November 2020
Profit and loss account Total
£ £
At 12th November 2019 - -
Surplus/(deficit) for the period 9,653 9,653
_______ _______
Total comprehensive income for the period 9,653 9,653
_______ _______
At 30th November 2020 9,653 9,653
_______ _______
Clearskies Mark Limited
Company limited by guarantee
Notes to the financial statements
Period ended 30th November 2020
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Barn, Old Shirehorse Centre, Clifford Lane,, Clifford Chambers, Stratford- Upon-Avon, Warwickshire, CV37 8HW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Limited by guarantee
Clearskies Mark Limited is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute £1 to the assets of the company in the event of it being wound up while he/she is a member or within one year, after he/she ceases to be a member.
5. Debtors
30/11/20
£
Other debtors 479
_______
6. Creditors: amounts falling due within one year
30/11/20
£
Trade creditors 40
Social security and other taxes 1,016
Other creditors 675
_______
1,731
_______