The St. Neots Cleaning Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06877411 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

THE ST. NEOTS CLEANING COMPANY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Bridgeland-Hewitt

Mr L Bridgeland-Hewitt

REGISTERED OFFICE:

19 Levellers Lane

Eynesbury

St. Neots

Cambridgeshire

PE19 2JL

REGISTERED NUMBER:

06877411 (England and Wales)

ACCOUNTANTS:

Davey Grover Limited

Chartered Accountants

4 Fenice Court

Phoenix Business Park

Eaton Socon

St. Neots

Cambridgeshire

PE19 8EP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,555

5,380

7,555

5,380

CURRENT ASSETS

Stocks

1,484

1,437

Debtors

6

68,993

38,897

Cash at bank and in hand

126,440

129,488

196,917

169,822

CREDITORS

Amounts falling due within one year

7

98,674

78,309

NET CURRENT ASSETS

98,243

91,513

TOTAL ASSETS LESS CURRENT LIABILITIES

105,798

96,893

CREDITORS

Amounts falling due after more than one year

8

27,547

28,356

NET ASSETS

78,251

68,537

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

78,248

68,534

SHAREHOLDERS' FUNDS

78,251

68,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2022 and were signed on its behalf by:

Mr S J Bridgeland-Hewitt - Director

Mr L Bridgeland-Hewitt - Director

1.	STATUTORY INFORMATION

The St. Neots Cleaning Company 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, 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.

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost and 25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 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.

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 35 (2021 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

75,000

AMORTISATION

At 1 May 2021

and 30 April 2022

75,000

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2021

2,200

4,450

18,019

12,942

37,611

Additions

-

-

5,107

-

5,107

At 30 April 2022

2,200

4,450

23,126

12,942

42,718

DEPRECIATION

At 1 May 2021

2,199

3,464

14,048

12,520

32,231

Charge for year

-

248

2,578

106

2,932

At 30 April 2022

2,199

3,712

16,626

12,626

35,163

NET BOOK VALUE

At 30 April 2022

1

738

6,500

316

7,555

At 30 April 2021

1

986

3,971

422

5,380

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

64,972

33,961

Other debtors

4,021

4,936

68,993

38,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

3,889

6,644

Trade creditors

4,847

1,711

Taxation and social security

49,694

36,801

Other creditors

40,244

33,153

98,674

78,309

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

27,547

28,356

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5 years

11,991

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

2,333

5,600

Between one and five years

-

2,333

2,333

7,933

For the year ended 30 April 2022 £5,600 (2021 - £5,600) has been charged against the operating profit for the above operating lease.

10.	ULTIMATE CONTROLLING PARTY

The directors have control in concert.