Cleaner Products Limited - Accounts to registrar (filleted) - small 22.3

Cleaner Products Limited - Accounts to registrar (filleted) - small 22.3

CLEANER PRODUCTS LIMITED - Company Information

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REGISTERED NUMBER: 06754746 (England and Wales)









Financial Statements

for the Year Ended 31 March 2022

for

Cleaner Products Limited
Cleaner Products Limited (Registered number: 06754746)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cleaner Products Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: S Hodges
P Reilly
N P Reilly





REGISTERED OFFICE: Court Lodge Farm
Warren Road
Chelsfield
Orpington
Kent
BR6 6ER





REGISTERED NUMBER: 06754746 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR
1
Cleaner Products Limited (Registered number: 06754746)

Balance Sheet
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 68,725 102,436

CURRENT ASSETS
Stocks 94,148 62,369
Debtors 5 253,193 64,508
Cash at bank and in hand 126,221 77,828
473,562 204,705
CREDITORS
Amounts falling due within one year 6 (312,506 ) (142,616 )
NET CURRENT ASSETS 161,056 62,089
TOTAL ASSETS LESS CURRENT
LIABILITIES
229,781
164,525

CREDITORS
Amounts falling due after more than one
year
7
(69,865
)
(94,747
)

PROVISIONS FOR LIABILITIES (13,058 ) (19,463 )
NET ASSETS 146,858 50,315

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings 146,758 50,215
146,858 50,315

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2023 and were signed on its behalf by:



P Reilly - Director


The notes form part of these financial statements

2
Cleaner Products Limited (Registered number: 06754746)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Cleaner Products 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when goods have been supplied and accepted by the customer.

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 cost

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 12 ) .

3 continued...
Cleaner Products Limited (Registered number: 06754746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 212,414
Additions 14,856
At 31 March 2022 227,270
DEPRECIATION
At 1 April 2021 109,978
Charge for year 48,567
At 31 March 2022 158,545
NET BOOK VALUE
At 31 March 2022 68,725
At 31 March 2021 102,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 253,193 64,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 24,882 24,883
Trade creditors 137,452 15,588
Taxation and social security 75,322 34,828
Other creditors 74,850 67,317
312,506 142,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 69,865 94,747

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end are amounts due to the director's S Hodges, P Reilly and N P Reilly of £38,562 (2021: £35,732), £29,816 (2021: £25,448) and £1,333 (2021: £527) respectively. Interest has been charged at a rate of 2% ( 2021:2.25%) to the director's S Hodges, P Reilly and N P Reilly of £nil (2021: £nil), £70 (2021: £505) and £3,204 (2021: £nil) respectively whilst the loan accounts were overdrawn.

There have been no advances which individually were considered material and no other advances exceeding £10,000 to the directors.

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