All Purpose Cleaning and Catering Supplies Ltd 31/03/2021 iXBRL

All Purpose Cleaning and Catering Supplies Ltd 31/03/2021 iXBRL

ALL PURPOSE CLEANING AND CATERING SUPPLIES LTD - Company Information

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Company registration number: 03713077
All Purpose Cleaning and Catering Supplies Ltd
Unaudited filleted financial statements
31 March 2021
Coulter & Co
Chartered Certified Accountants
All Purpose Cleaning and Catering Supplies Ltd
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
All Purpose Cleaning and Catering Supplies Ltd
Directors and other information
Directors Kevin Ashby
Julie Ashby
Company number 03713077
Registered office Friars Well Business Estate
North Drive
Wartnaby
Leicestershire
LE14 3HQ
Business address Friars Well Business Estate
North Drive
Wartnaby
Leicestershire
LE14 3HQ
Accountants Coulter & Co
Pera Business Park
M03 Tower Building
Nottingham Road
Leicestershire
LE13 0PB
All Purpose Cleaning and Catering Supplies Ltd
Directors report
Year ended 31 March 2021
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2021.
Directors
The directors who served the company during the year were as follows:
Kevin Ashby
Julie Ashby
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 July 2021 and signed on behalf of the board by:
Kevin Ashby
Director
All Purpose Cleaning and Catering Supplies Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of All Purpose Cleaning and Catering Supplies Ltd
Year ended 31 March 2021
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2021, as set out on pages 4 to 8.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Coulter & Co
Chartered Certified Accountants
Pera Business Park
M03 Tower Building
Nottingham Road
Leicestershire
LE13 0PB
29 July 2021
All Purpose Cleaning and Catering Supplies Ltd
Statement of financial position
31 March 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 5 30,714 28,726
_______ _______
30,714 28,726
Current assets
Stocks 189,080 185,036
Debtors 6 259,845 472,553
Cash at bank and in hand 589,733 511,551
_______ _______
1,038,658 1,169,140
Creditors: amounts falling due
within one year 7 ( 449,682) ( 579,962)
_______ _______
Net current assets 588,976 589,178
_______ _______
Total assets less current liabilities 619,690 617,904
Provisions for liabilities ( 5,836) ( 5,458)
_______ _______
Net assets 613,854 612,446
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 613,754 612,346
_______ _______
Shareholders funds 613,854 612,446
_______ _______
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2021 , and are signed on behalf of the board by:
Kevin Ashby
Director
Company registration number: 03713077
All Purpose Cleaning and Catering Supplies Ltd
Notes to the financial statements
Year ended 31 March 2021
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Friars Well Business Estate, North Drive, Wartnaby, Leicestershire, LE14 3HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery 20 % Reducing balance
Fittings fixtures and equipment 20 % Reducing balance
Computer Equipment 33 % Reducing balance
Motor vehicles 25 % Reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2020: 17 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2020 26,315 43,625 19,209 89,149
Additions 11,800 1,023 - 12,823
_______ _______ _______ _______
At 31 March 2021 38,115 44,648 19,209 101,972
_______ _______ _______ _______
Depreciation
At 1 April 2020 12,913 29,100 18,410 60,423
Charge for the year 6,574 4,061 200 10,835
_______ _______ _______ _______
At 31 March 2021 19,487 33,161 18,610 71,258
_______ _______ _______ _______
Carrying amount
At 31 March 2021 18,628 11,487 599 30,714
_______ _______ _______ _______
At 31 March 2020 13,402 14,525 799 28,726
_______ _______ _______ _______
6. Debtors
2021 2020
£ £
Trade debtors 244,222 461,647
Other debtors 15,623 10,906
_______ _______
259,845 472,553
_______ _______
7. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 311,558 486,545
Corporation tax 62,612 54,400
Social security and other taxes 15,515 31,831
Other creditors 59,997 7,186
_______ _______
449,682 579,962
_______ _______