Hygienic Cleaning Company (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00838020 (England and Wales)

HYGIENIC CLEANING COMPANY (UK) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mrs J Lavenia

SECRETARIES:

Mr D J Spry

Mrs T Stokes

REGISTERED OFFICE:

New Road

Pershore

Worcestershire

WR10 1BY

REGISTERED NUMBER:

00838020 (England and Wales)

ACCOUNTANTS:

Gardiner Fosh

Chartered Accountants and Statutory Auditor

31 St John's

Worcester

Worcestershire

WR2 5AG

BANKERS:

NatWest

PO Box 4479

Birmingham

B4 6DP

FIXED ASSETS

Tangible assets

4

502,459

525,448

CURRENT ASSETS

Stocks

28,976

24,930

Debtors

5

289,266

203,632

Cash at bank and in hand

799,640

641,184

1,117,882

869,746

CREDITORS

Amounts falling due within one year

6

454,127

421,696

NET CURRENT ASSETS

663,755

448,050

TOTAL ASSETS LESS CURRENT LIABILITIES

1,166,214

973,498

CREDITORS

Amounts falling due after more than one year

7

(210,270

)

(224,093

)

PROVISIONS FOR LIABILITIES

9

(9,368

)

(15,939

)

NET ASSETS

946,576

733,466

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

946,476

733,366

SHAREHOLDERS' FUNDS

946,576

733,466

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 10 November 2022 and were signed by:

Mrs J Lavenia - Director

1.	STATUTORY INFORMATION

Hygienic Cleaning Company (UK) Ltd 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has been only partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost of buildings

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost and 20% on reducing balance

Motor vehicles

-

20% on cost

Stocks

Stocks and work in progress 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2021 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2021

446,250

62,456

14,733

150,042

673,481

Additions

8,770

2,168

-

10,500

21,438

Disposals

-

(3,044

)

-

-

(3,044

)

At 31 March 2022

455,020

61,580

14,733

160,542

691,875

DEPRECIATION

At 1 April 2021

12,772

50,936

12,058

72,267

148,033

Charge for year

6,561

4,646

1,111

32,109

44,427

Eliminated on disposal

-

(3,044

)

-

-

(3,044

)

At 31 March 2022

19,333

52,538

13,169

104,376

189,416

NET BOOK VALUE

At 31 March 2022

435,687

9,042

1,564

56,166

502,459

At 31 March 2021

433,478

11,520

2,675

77,775

525,448

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

277,473

167,774

Other debtors

11,793

35,858

289,266

203,632

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

13,641

13,402

Trade creditors

21,784

33,290

Taxation and social security

191,342

138,157

Other creditors

227,360

236,847

454,127

421,696

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

210,270

224,093

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

223,911

237,495

9.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

Accelerated capital allowances

9,368

15,939

Deferred

tax

£

Balance at 1 April 2021

15,939

Accelerated capital allowances

(6,571

)

Balance at 31 March 2022

9,368

10.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount due to the director, Mrs J. Lavenia, of £43,667 (2021 - £76,782) which is repayable on demand and on which interest is payable at 10% per annum.