Quality Care Cleaning Ltd Filleted accounts for Companies House (small and micro)

QUALITY CARE CLEANING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05389299

Quality Care Cleaning Ltd

Filleted Unaudited Financial Statements

31 March 2020

Quality Care Cleaning Ltd

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Quality Care Cleaning Ltd

Year ended 31 March 2020

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2020, which comprise the statement of financial position, statement of changes in equity and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

REARDON & CO LTD Chartered accountants

Ash House Breckenwood Road Fulbourn Cambridge CB21 5DQ

7 August 2020

Quality Care Cleaning Ltd

Statement of Financial Position

31 March 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	5		15,266	34,945

Current assets

Stocks		186,204	157,619
Debtors	6	325,692	275,512
Cash at bank and in hand		284,148	414,986
		---------	---------
		796,044	848,117

Creditors: amounts falling due within one year	7	361,503		379,839
		---------		---------
Net current assets			434,541	468,278
			---------	---------
Total assets less current liabilities			449,807	503,223

Provisions

Taxation including deferred tax	6,093	82
	---------	---------
Net assets	443,714	503,141
	---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	433,714	493,141
	---------	---------
Shareholders funds	443,714	503,141
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Quality Care Cleaning Ltd

Statement of Financial Position (continued)

31 March 2020

These financial statements were approved by the board of directors and authorised for issue on 7 August 2020 , and are signed on behalf of the board by:

Ms J Goode

Director

Company registration number: 05389299

Quality Care Cleaning Ltd

Statement of Changes in Equity

Year ended 31 March 2020

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2018	10,000	444,574	454,574

Profit for the year		294,067	294,067
	--------	---------	---------
Total comprehensive income for the year	–	294,067	294,067

Dividends paid and payable	–	( 245,500)	( 245,500)
	--------	---------	---------
Total investments by and distributions to owners	–	( 245,500)	( 245,500)

At 31 March 2019	10,000	493,141	503,141

Profit for the year		338,241	338,241
	--------	---------	---------
Total comprehensive income for the year	–	338,241	338,241

Dividends paid and payable	–	( 397,668)	( 397,668)
	----	---------	---------
Total investments by and distributions to owners	–	( 397,668)	( 397,668)

	--------	---------	---------
At 31 March 2020	10,000	433,714	443,714
	--------	---------	---------

Quality Care Cleaning Ltd

Notes to the Financial Statements

Year ended 31 March 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Copley Hill Business Park, Cambridge Road, Babraham, Cambridge, CB22 3GN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred taxation is provided using the liability method on all timing differences, including those relating to pensions, which are expected to reverse in the future without being replaced, calculated at the rate at which it is anticipated the timing differences will reverse. Advance corporation tax which is expected to be recoverable in the future is deducted from the deferred taxation balance. Deferred taxation assets are only recognised if recovery without replacement by equivalent debit balances is reasonably

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements	-	20% straight line
Plant & machinery	-	25% straight line
Motor vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 166 (2019: 167 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2019 and 31 March 2020	17,757	96,585	212,353	326,695
	--------	--------	---------	---------
Depreciation
At 1 April 2019	17,757	81,698	192,295	291,750
Charge for the year	–	5,255	14,424	19,679
	--------	--------	---------	---------
At 31 March 2020	17,757	86,953	206,719	311,429
	--------	--------	---------	---------
Carrying amount
At 31 March 2020	–	9,632	5,634	15,266
	--------	--------	---------	---------
At 31 March 2019	–	14,887	20,058	34,945
	--------	--------	---------	---------

6. Debtors

	2020	2019
	£	£
Trade debtors	322,692	243,969
Other debtors	3,000	31,543
	---------	---------
	325,692	275,512
	---------	---------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	32,176	43,343
Corporation tax	85,280	60,801
Social security and other taxes	153,014	173,477
Other creditors	91,033	102,218
	---------	---------
	361,503	379,839
	---------	---------

8. Related party transactions

The company was under the control of Mrs J Heales until 16 August 2019 when it became a wholly owned subsidiary of Apoidea Limited, a company under the control of Ms J Goode , director. Dividends of £53,308 were declared on 31 July 2019 and £344,360 on 31 March 2020 (2019:£245,500 on 10 January 2019).