Company Registration No. 07892293 (England and Wales)
Clear Thinking Consultancy Limited
Unaudited accounts
for the year ended 31 December 2016
Clear Thinking Consultancy Limited
Unaudited accounts
Contents
Clear Thinking Consultancy Limited
Company Information
for the year ended 31 December 2016
Company Number
07892293 (England and Wales)
Registered Office
FLAT 1
25 VEREKER ROAD
LONDON
W14 9JU
Accountants
Niall O'Driscoll FCMA CGMA
OD Accountants Ltd
Suite 501, The Pillbox, 115 Coventry Rd
Bethnal Green
London
E2 6GG
Clear Thinking Consultancy Limited
Statement of financial position
as at
31 December 2016
Tangible assets
1,206
276
Cash at bank and in hand
4,408
3,482
Creditors: amounts falling due within one year
(20,154)
(3,865)
Net current (liabilities)/assets
(9,246)
2,011
Net (liabilities)/assets
(8,040)
2,287
Called up share capital
1
1
Profit and loss account
(8,041)
2,286
Shareholders' funds
(8,040)
2,287
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 September 2017.
Kita Jiwani
Director
Company Registration No. 07892293
Clear Thinking Consultancy Limited
Notes to the Accounts
for the year ended 31 December 2016
Clear Thinking Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 07892293. The registered office and principal place of business is FLAT 1, 25 VEREKER ROAD, LONDON, W14 9JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
A grant of £28,000 (2015 £28,000) was received from the John Lyons Charity via Brent Play Association, Clear Thinking Consultancy's strategic partner. In partnership with CVS Brent and with the support of Brent Play Association, Clear Thinking Consultancy Limited work with small, non-profit organisations in the London Borough of Brent who are working with vulnerable children and young people and struggling to deliver services by merit of being
financially at-risk. The work supports them to understand and respond to the key organisational developmental areas that will support them to maximise social value and deliver high-impact cost effective services in the community.
The total expenditure for the financial year was 13,402 (2015 £40,575). £12,203 (2015 £10,181) was the balance of the grant not utilised from 2016 with a further provision of 0
(2016 £2,393) to be reimbursed from the 2017 grant.
The expenditure was used for salaries of £6,181(2015 £30,442), portion of directors costs £2,700 (2015 £4,020) sub contractors £4,000 (2015 4,321) and other administrative expenses of £521 (2015 £1,791).
The grant and the related expenditure is shown net in the accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Clear Thinking Consultancy Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2016
689
-
689
At 31 December 2016
689
1,334
2,023
At 1 January 2016
413
-
413
Charge for the year
137
267
404
At 31 December 2016
550
267
817
At 31 December 2016
139
1,067
1,206
At 31 December 2015
276
-
276
Accrued income and prepayments
-
2,394
6
Creditors: amounts falling due within one year
2016
2015
Taxes and social security
6,662
2,429
7
Share capital
2016
2015
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The Directors Loan Account has been repaid by way of a non cash dividend on the 30th September 2017.
Clear Thinking Consultancy Limited
Notes to the Accounts
for the year ended 31 December 2016
9
Transactions with related parties
The company rents office space and facilities from the Director Kita Jiwani, the cost to the business was £2,700 (2015 £3,600)
10
Average number of employees
During the year the average number of employees was 2 (2015: 1).