Advance Cleaning Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04217497 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

ADVANCE CLEANING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Hookway

S J Hookway

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

04217497 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

34,722

45,305

CURRENT ASSETS

Debtors

5

282,670

434,638

Cash at bank

70,138

122,533

352,808

557,171

CREDITORS

Amounts falling due within one year

6

523,303

854,387

NET CURRENT LIABILITIES

(170,495

)

(297,216

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(135,773

)

(251,911

)

CREDITORS

Amounts falling due after more than one year

7

2,469

12,780

NET LIABILITIES

(138,242

)

(264,691

)

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

825

825

Retained earnings

(139,267

)

(265,716

)

SHAREHOLDERS' FUNDS

(138,242

)

(264,691

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 24 June 2021 and were signed on its behalf by:

I R Hookway - Director

1.	STATUTORY INFORMATION

Advance Cleaning Services 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 represents net invoices sales of services, excluding value added tax.

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

-

20% on reducing balance

Fixtures, fittings and equipment

-

25% on cost

Motor vehicles

-

25% on reducing balance

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

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.

Debtor factoring

The factored debts are recourse and therefore a separate presentation has been adopted. Trade debtors are shown gross and proceeds from the factoring company have been included in creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2019 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 October 2019

and 30 September 2020

79,645

87,862

31,682

199,189

DEPRECIATION

At 1 October 2019

62,515

87,409

3,960

153,884

Charge for year

3,426

227

6,930

10,583

At 30 September 2020

65,941

87,636

10,890

164,467

NET BOOK VALUE

At 30 September 2020

13,704

226

20,792

34,722

At 30 September 2019

17,130

453

27,722

45,305

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

264,423

391,716

Other debtors

528

-

Prepayments

17,719

42,922

282,670

434,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

4,233

-

Trade creditors

38,408

154,240

Social security and other taxes

34,529

43,412

VAT

111,498

133,322

Other creditors

237,278

275,117

Factoring

70,947

210,429

Accrued expenses

26,410

37,867

523,303

854,387

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

2,469

12,780

8.	RELATED PARTY DISCLOSURES

During the period the company paid £51,000 (2019: £60,000) to City & Essex Limited for management and administration services of which I R Hookway is a director.

Within other creditors is a balance outstanding to City & Essex Limited in the sum of £210,219 (2019: £246,291).

9.	GOING CONCERN

The financial statements have been prepared on a going concern basis. The directors continue to provide support to the company and the company's bankers continue to provide their support with an ongoing invoice discounting facility. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.