L G Commercial Cleaning Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07739865 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

FOR

L G COMMERCIAL CLEANING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss S M Lawrenson

REGISTERED OFFICE:

31 Farley Lane

Roby Mill

Skelmersdale

WN8 0QG

REGISTERED NUMBER:

07739865 (England and Wales)

FIXED ASSETS

Tangible assets

4

72,928

36,487

CURRENT ASSETS

Debtors

5

228,438

246,960

Cash at bank

236,777

85,795

465,215

332,755

CREDITORS

Amounts falling due within one year

157,430

40,436

NET CURRENT ASSETS

307,785

292,319

TOTAL ASSETS LESS CURRENT LIABILITIES

380,713

328,806

CREDITORS

Amounts falling due after more than one year

(14,971

)

-

PROVISIONS FOR LIABILITIES

(10,086

)

(6,933

)

NET ASSETS

355,656

321,873

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

355,655

321,872

SHAREHOLDERS' FUNDS

355,656

321,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2020 and were signed by:

Miss S M Lawrenson - Director

1.	STATUTORY INFORMATION

L G Commercial Cleaning 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.

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 principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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.

Plant, fixtures & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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 46 (2018 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

76,530

Additions

49,434

At 31 August 2019

125,964

DEPRECIATION

At 1 September 2018

40,043

Charge for year

12,993

At 31 August 2019

53,036

NET BOOK VALUE

At 31 August 2019

72,928

At 31 August 2018

36,487

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

24,200

At 31 August 2019

24,200

DEPRECIATION

Charge for year

1,513

At 31 August 2019

1,513

NET BOOK VALUE

At 31 August 2019

22,687

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other debtors

153

1,788

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2019

2018

£

£

Net obligations repayable:

Within one year

5,448

-

Between one and five years

14,971

-

20,419

-

Non-cancellable

operating leases

2019

2018

£

£

Within one year

11,078

13,136

Between one and five years

12,260

21,743

23,338

34,879

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

20,419

-

8.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in

respect of the financial and operating policies of the company.