Fresh Approach Cleaning Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC304685 (Scotland)

FRESH APPROACH CLEANING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

1,100

930

CURRENT ASSETS

Debtors

5

12,257

14,633

CREDITORS

Amounts falling due within one year

6

18,614

16,466

NET CURRENT LIABILITIES

(6,357

)

(1,833

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,257

)

(903

)

PROVISIONS FOR LIABILITIES

-

177

NET LIABILITIES

(5,257

)

(1,080

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,357

)

(1,180

)

SHAREHOLDERS' FUNDS

(5,257

)

(1,080

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 27 March 2019 and were signed by:

T Gray - Director

1.	STATUTORY INFORMATION

Fresh Approach Cleaning Services Limited is a private company, limited by shares, registered in Scotland. The

company's registered office is Flat 1/2 Millview Cresent, Linenmill Court, Johnstone, PA5 8QA.

The presentation currency of the financial statements is Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial

statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The validity of this is dependent on

continued support from the director. If support was to be withdrawn, adjustments may have to be made to reduce

the value of the assets to their recoverable amount and to provide for any further liabilities that may arise. The

director considers however, that it is still appropriate to prepare the financial statements as a going concern basis

despite this uncertainty.

Turnover

Turnover represents the invoiced cost of goods and services sold during the year, excluding value added tax.

The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the

services have been passed to the buyer

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 etc

-

25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is

calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in

the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted

at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is

presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the

transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic

financial instruments are initially recognised at transaction value and subsequently measured at their settlement

value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

3,918

Additions

1,123

Disposals

(1,254

)

At 30 June 2018

3,787

DEPRECIATION

At 1 July 2017

2,988

Charge for year

369

Eliminated on disposal

(670

)

At 30 June 2018

2,687

NET BOOK VALUE

At 30 June 2018

1,100

At 30 June 2017

930

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

8,938

9,880

Other debtors

3,319

4,753

12,257

14,633

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

8,914

8,287

Trade creditors

665

1,424

Taxation and social security

5,819

5,454

Other creditors

3,216

1,301

18,614

16,466

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2018 and

30 June 2017:

2018

2017

£

£

T Gray

Balance outstanding at start of year

2,420

2,615

Amounts advanced

3,945

325

Amounts repaid

(5,447

)

(520

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

918

2,420

This amount is interest free, unsecured and carries no fixed repayment terms.