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 2020

for

OLIVERS CLEANING CONTRACTORS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

7,335

17,116

Tangible assets

5

15,515

6,513

22,850

23,629

Current assets

Debtors

6

120,528

108,380

Cash at bank and in hand

121,482

64,247

242,010

172,627

Creditors

Amounts falling due within one year

7

88,760

68,637

Net current assets

153,250

103,990

Total assets less current liabilities

176,100

127,619

Creditors

Amounts falling due after more than one year

8

(10,633

)

-

Provisions for liabilities

9

(2,948

)

(1,237

)

Net assets

162,519

126,382

Capital and reserves

Called up share capital

10

150

150

Retained earnings

162,369

126,232

Shareholders' funds

162,519

126,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 24 February 2021 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 55 (2019 - 50 ) .

4.	Intangible fixed assets

Contracts

purchased

£

Cost

At 1 October 2019

and 30 September 2020

29,342

Amortisation

At 1 October 2019

12,226

Amortisation for year

9,781

At 30 September 2020

22,007

Net book value

At 30 September 2020

7,335

At 30 September 2019

17,116

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 October 2019

2,740

1,451

16,985

21,176

Additions

500

-

11,282

11,782

Disposals

-

-

(7,690

)

(7,690

)

At 30 September 2020

3,240

1,451

20,577

25,268

Depreciation

At 1 October 2019

2,252

716

11,695

14,663

Charge for year

247

184

980

1,411

Eliminated on disposal

-

-

(6,321

)

(6,321

)

At 30 September 2020

2,499

900

6,354

9,753

Net book value

At 30 September 2020

741

551

14,223

15,515

At 30 September 2019

488

735

5,290

6,513

6.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

80,568

108,380

Other debtors

39,960

-

120,528

108,380

7.

Creditors: amounts falling due within one year

2020

2019

£

£

Bank loans and overdrafts

367

-

Trade creditors

1,732

4,397

Taxation and social security

84,061

53,722

Other creditors

2,600

10,518

88,760

68,637

8.

Creditors: amounts falling due after more than one year

2020

2019

£

£

Bank loans

10,633

-

9.	Provisions for liabilities

2020

2019

£

£

Deferred tax

2,948

1,237

Deferred

tax

£

Balance at 1 October 2019

1,237

Charge to Statement of Income and Retained Earnings during year

1,711

Balance at 30 September 2020

2,948

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

150

Ordinary

£1

150

150