Cleaning Technique Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08274568 (England and Wales)

Abridged Financial Statements for the Year Ended 31st March 2022

for

Cleaning Technique Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S McGrath

Mrs I R McGrath

REGISTERED OFFICE:

Unit 21b Harris Business Park

Stoke Prior

Bromsgrove

Worcestershire

B60 4DJ

REGISTERED NUMBER:

08274568 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Intangible assets

4

3,246

6,493

Tangible assets

5

4,299

1,448

7,545

7,941

CURRENT ASSETS

Stocks

6,000

1,300

Debtors

78,352

73,895

Cash at bank and in hand

13,898

47,035

98,250

122,230

CREDITORS

Amounts falling due within one year

63,216

76,469

NET CURRENT ASSETS

35,034

45,761

TOTAL ASSETS LESS CURRENT LIABILITIES

42,579

53,702

CREDITORS

Amounts falling due after more than one year

6

(41,667

)

(45,000

)

PROVISIONS FOR LIABILITIES

7

(800

)

-

NET ASSETS

112

8,702

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12

8,602

SHAREHOLDERS' FUNDS

112

8,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 2nd June 2022 and were signed on its behalf by:

S McGrath - Director

1.	STATUTORY INFORMATION

Cleaning Technique 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

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 etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

GOVERNMENT GRANTS

Income from Government grants is recognised in the profit and loss within the same period to which the related expense is incurred.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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

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 58 (2021 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2021

and 31st March 2022

32,469

AMORTISATION

At 1st April 2021

25,976

Amortisation for year

3,247

At 31st March 2022

29,223

NET BOOK VALUE

At 31st March 2022

3,246

At 31st March 2021

6,493

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2021

6,563

Additions

4,450

At 31st March 2022

11,013

DEPRECIATION

At 1st April 2021

5,115

Charge for year

1,599

At 31st March 2022

6,714

NET BOOK VALUE

At 31st March 2022

4,299

At 31st March 2021

1,448

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2022

2021

£

£

Repayable by instalments

Bank loans more 5 yr by instal

19,444

5,000

7.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

800

-

Deferred

tax

£

Provided during year

800

Balance at 31st March 2022

800

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Creditors is a loan from the directors, Mr S McGrath and Mrs I R McGrath. It is interest free.