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

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

SWALE CLEANING LIMITED - Company Information

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REGISTERED NUMBER: 06492318 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2021

for

Swale Cleaning Limited
Swale Cleaning Limited (Registered number: 06492318)

Contents of the Financial Statements
for the Year Ended 31st March 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swale Cleaning Limited

Company Information
for the Year Ended 31st March 2021







DIRECTOR: P J A Cripps





SECRETARY: Mrs C D Cripps





REGISTERED OFFICE: 30 High Street
SHEERNESS
Kent
ME12 1NL





REGISTERED NUMBER: 06492318 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN
Page 1
Swale Cleaning Limited (Registered number: 06492318)

Balance Sheet
31st March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,800 12,600
Tangible assets 5 21,917 28,711
32,717 41,311

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 38,882 37,751
Cash at bank 43,079 9,343
82,961 48,094
CREDITORS
Amounts falling due within one year 7 59,802 49,879
NET CURRENT ASSETS/(LIABILITIES) 23,159 (1,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
55,876
39,526

PROVISIONS FOR LIABILITIES 3,787 5,145
NET ASSETS 52,089 34,381

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 51,089 33,381
SHAREHOLDERS' FUNDS 52,089 34,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Swale Cleaning Limited (Registered number: 06492318)

Balance Sheet - continued
31st March 2021


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd December 2021 and were signed by:





P J A Cripps - Director


The notes form part of these financial statements

Page 3
Swale Cleaning Limited (Registered number: 06492318)

Notes to the Financial Statements
for the Year Ended 31st March 2021


1. STATUTORY INFORMATION

Swale Cleaning 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 is being amortised evenly over its estimated useful life of 10 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 - 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 Profit and Loss Account, 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.

Page 4 continued...
Swale Cleaning Limited (Registered number: 06492318)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2020
and 31st March 2021 18,000
AMORTISATION
At 1st April 2020 5,400
Charge for year 1,800
At 31st March 2021 7,200
NET BOOK VALUE
At 31st March 2021 10,800
At 31st March 2020 12,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2020
and 31st March 2021 78,158
DEPRECIATION
At 1st April 2020 49,447
Charge for year 6,794
At 31st March 2021 56,241
NET BOOK VALUE
At 31st March 2021 21,917
At 31st March 2020 28,711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 30,344 26,906
Other debtors 8,538 10,845
38,882 37,751

Page 5 continued...
Swale Cleaning Limited (Registered number: 06492318)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 22,278 13,420
Other creditors 37,524 36,459
59,802 49,879

8. RELATED PARTY DISCLOSURES

Included in creditors due within 1 year is an amount owed to the company director by way of a loan account. The amount owing at the year end was £32,995, the amount is repayable on demand.

Page 6