Olivers Cleaning Contractors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04774809 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

OLIVERS CLEANING CONTRACTORS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

Mr G J Oliver

Mr J E Oliver

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

04774809 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Intangible assets

4

17,116

26,897

Tangible assets

5

6,513

9,279

23,629

36,176

Current assets

Debtors

6

108,380

125,095

Cash at bank and in hand

64,247

55,375

172,627

180,470

Creditors

Amounts falling due within one year

7

68,637

96,705

Net current assets

103,990

83,765

Total assets less current liabilities

127,619

119,941

Provisions for liabilities

8

1,237

1,763

Net assets

126,382

118,178

Capital and reserves

Called up share capital

9

150

150

Retained earnings

126,232

118,028

Shareholders' funds

126,382

118,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 April 2020 and were signed on its behalf by:

Mr G J Oliver - Director

1.	Statutory information

Olivers Cleaning Contractors Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Contracts purchased is being amortised evenly over its estimated useful life of three years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

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

Retained Earnings, 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

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 50 (2018 - 52 ) .

4.	Intangible fixed assets

Contracts

purchased

£

Cost

At 1 October 2018

and 30 September 2019

29,342

Amortisation

At 1 October 2018

2,445

Amortisation for year

9,781

At 30 September 2019

12,226

Net book value

At 30 September 2019

17,116

At 30 September 2018

26,897

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 October 2018

6,363

1,628

20,985

28,976

Additions

-

323

-

323

Disposals

(3,623

)

(500

)

(4,000

)

(8,123

)

At 30 September 2019

2,740

1,451

16,985

21,176

Depreciation

At 1 October 2018

5,335

964

13,398

19,697

Charge for year

163

245

1,763

2,171

Eliminated on disposal

(3,246

)

(493

)

(3,466

)

(7,205

)

At 30 September 2019

2,252

716

11,695

14,663

Net book value

At 30 September 2019

488

735

5,290

6,513

At 30 September 2018

1,028

664

7,587

9,279

6.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

108,380

125,095

7.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

4,397

3,560

Taxation and social security

53,722

67,727

Other creditors

10,518

25,418

68,637

96,705

8.	Provisions for liabilities

2019

2018

£

£

Deferred tax

1,237

1,763

Deferred

tax

£

Balance at 1 October 2018

1,763

Credit to Statement of Income and Retained Earnings during year

(526

)

Balance at 30 September 2019

1,237

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

150

Ordinary

£1

150

150