Online Cleaning UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06914200

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

ONLINE CLEANING UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr F T Wanschers

Mrs D V Holtappel

Mr J Knoll

Mr S M Holland

REGISTERED OFFICE:

London City Point

1 Ropemaker Street

London

EC2Y 9HT

REGISTERED NUMBER:

06914200

AUDITORS:

Rothmans Audit LLP

Chartered Accountants & Statutory Auditors

24 Park Road South

Havant

Hampshire

PO9 1HB

FIXED ASSETS

Tangible assets

4

135,982

127,372

CURRENT ASSETS

Stocks

45,124

38,520

Debtors

5

700,708

602,728

Cash at bank and in hand

301,532

182,085

1,047,364

823,333

CREDITORS

Amounts falling due within one year

6

501,158

528,024

NET CURRENT ASSETS

546,206

295,309

TOTAL ASSETS LESS CURRENT LIABILITIES

682,188

422,681

CREDITORS

Amounts falling due after more than one year

7

(15,541

)

-

PROVISIONS FOR LIABILITIES

(21,290

)

(21,290

)

NET ASSETS

645,357

401,391

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

645,337

401,371

SHAREHOLDERS' FUNDS

645,357

401,391

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21st May 2019 and were signed on its behalf by:

Mr S M Holland - Director

1.	STATUTORY INFORMATION

Online Cleaning UK Limited is a company limited by shares incorporated in England and Wales. The company's

registered office is London City Point, 1 Ropemaker Street, London, EC2Y 9HT.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements relate to Online Cleaning UK Limited as an individual entity.

The financial statements are presented in Sterling (£).

The figures have been rounded to the nearest pound.

Significant judgements and estimates

Preparation of financial statements usually requires management to make significant judgements and estimates,

which are continually reviewed and evaluated based on historical experience and future expectations.

In considering depreciation rates and methods of application, the directors have made estimates of both residual

values and useful economic lives having due regard to their experience of utilising such fixed assets in the

business.

Turnover

Turnover represents the value of the cleaning services supplied, excluding value added tax, and is recognised

on the completion of the service supplied and in accordance with the terms of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Over the term of the lease

Plant and machinery

-

20% - 50% straight line

Fixtures and fittings

-

50% on cost and 33% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment

loss.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if

appropriate.

Stocks

Stocks are valued at the lower of cost and expected selling price less costs to complete and sell, using the first

in first out method, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in line with sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans, amounts due to/from group under takings, trade

receivables and payables are initially recognised at transaction price, unless they constitute a financing

arrangement, when the transaction is measured at the present value of the future receipts discounted at a

market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest rate

method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st January 2018

10,852

122,447

4,385

Additions

3,597

13,948

-

At 31st December 2018

14,449

136,395

4,385

DEPRECIATION

At 1st January 2018

743

65,236

893

Charge for year

1,846

20,659

2,117

At 31st December 2018

2,589

85,895

3,010

NET BOOK VALUE

At 31st December 2018

11,860

50,500

1,375

At 31st December 2017

10,109

57,211

3,492

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2018

141,177

14,419

293,280

Additions

57,842

4,437

79,824

At 31st December 2018

199,019

18,856

373,104

DEPRECIATION

At 1st January 2018

90,055

8,981

165,908

Charge for year

42,853

3,739

71,214

At 31st December 2018

132,908

12,720

237,122

NET BOOK VALUE

At 31st December 2018

66,111

6,136

135,982

At 31st December 2017

51,122

5,438

127,372

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

Additions

22,745

At 31st December 2018

22,745

DEPRECIATION

Charge for year

3,195

At 31st December 2018

3,195

NET BOOK VALUE

At 31st December 2018

19,550

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

557,160

511,117

Other debtors

136,248

84,311

693,408

595,428

Amounts falling due after more than one year:

Other debtors

7,300

7,300

Aggregate amounts

700,708

602,728

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Finance leases (see note 8)

3,749

-

Trade creditors

101,981

52,088

Amounts owed to group undertakings

13,053

126,086

Taxation and social security

198,069

234,662

Other creditors

184,306

115,188

501,158

528,024

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Finance leases (see note 8)

15,541

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2018

2017

£

£

Net obligations repayable:

Within one year

3,749

-

Between one and five years

15,541

-

19,290

-

Non-cancellable

operating leases

2018

2017

£

£

Within one year

53,025

27,028

Between one and five years

147,299

3,983

200,324

31,011

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Hutchinson (Senior Statutory Auditor)

for and on behalf of Rothmans Audit LLP

10.	CONTINGENT LIABILITIES

The company has provided a guarantee to cover liabilites owed by fellow group companies in the form of a fixed

and floating charge over the assets of the company. No economic benefit is expected to flow from the company.

11.	ULTIMATE PARENT COMPANY AND PARENT UNDERTAKING OF LARGER GROUP

Conservator Beheer BV (incorporated in The Netherlands) is regarded by the directors as being the company's

ultimate parent company.

The group in which the results of the company are consolidated is that headed by Conservator Beheer BV,

incorporated in The Netherlands. The consolidated accounts are available to the public and may be obtained

from Kamer Van Koophandel Rotterdam, Blaak 40, 3011 TA, Rotterdam.