General Information
ONE CLICK DRY CLEANERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09340721, registration address 188 Campden Hill Road, London, W8 7TH
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery |
20% Straight Line
|
Fixtures and Fittings |
20% Straight Line
|
Computer Equipment |
33% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2. |
Average number of employees
Average number of employees during the year was 2 (2020 : 2).
|
3. |
Tangible fixed assets
Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
|
£ |
|
£ |
|
£ |
|
£ |
At 01 January 2021 |
5,643 |
|
20,806 |
|
1,456 |
|
27,905 |
Additions |
- |
|
849 |
|
- |
|
849 |
Disposals |
- |
|
- |
|
- |
|
- |
At 31 December 2021 |
5,643 |
|
21,655 |
|
1,456 |
|
28,754 |
Depreciation |
At 01 January 2021 |
4,886 |
|
20,567 |
|
- |
|
25,453 |
Charge for year |
- |
|
135 |
|
566 |
|
701 |
On disposals |
- |
|
- |
|
- |
|
- |
At 31 December 2021 |
4,886 |
|
20,702 |
|
566 |
|
26,154 |
Net book values |
Closing balance as at 31 December 2021 |
757 |
|
953 |
|
890 |
|
2,600 |
Opening balance as at 01 January 2021 |
757 |
|
239 |
|
1,456 |
|
2,452 |
|
4. |
Stocks
|
2021 £ |
|
2020 £ |
Stocks |
955 |
|
1,478 |
|
955 |
|
1,478 |
|
5. |
Creditors: amount falling due within one year
|
2021 £ |
|
2020 £ |
Accrued Expenses |
0 |
|
600 |
Other Creditors |
(1) |
|
0 |
Director: Armin Aryabod |
7,310 |
|
19,597 |
|
7,309 |
|
20,197 |
|
6. |
Share Capital
Allotted, called up and fully paid
|
2021 £ |
|
2020 £ |
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|