VA Clean Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07529454 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2020

FOR

VA CLEAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Austin-Behan

D S Vicker

REGISTERED OFFICE:

46 Henry Street

Ancoats

Manchester

M4 5DD

REGISTERED NUMBER:

07529454 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

4

15,166

14,878

CURRENT ASSETS

Debtors

5

73,057

50,867

Cash at bank and in hand

25,064

186

98,121

51,053

CREDITORS

Amounts falling due within one year

6

104,109

60,771

NET CURRENT LIABILITIES

(5,988

)

(9,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,178

5,160

PROVISIONS FOR LIABILITIES

2,434

2,271

NET ASSETS

6,744

2,889

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6,742

2,887

SHAREHOLDERS' FUNDS

6,744

2,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 21st July 2021 and were signed on its behalf by:

C J Austin-Behan - Director

D S Vicker - Director

1.	STATUTORY INFORMATION

VA Clean 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% 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

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.

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 21 (2019 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2019

48,069

Additions

4,159

At 31st October 2020

52,228

DEPRECIATION

At 1st November 2019

33,191

Charge for year

3,871

At 31st October 2020

37,062

NET BOOK VALUE

At 31st October 2020

15,166

At 31st October 2019

14,878

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1st November 2019

and 31st October 2020

14,627

DEPRECIATION

At 1st November 2019

11,265

Charge for year

841

At 31st October 2020

12,106

NET BOOK VALUE

At 31st October 2020

2,521

At 31st October 2019

3,362

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

49,823

1,233

Other debtors

23,234

49,634

73,057

50,867

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans and overdrafts

-

4,509

Trade creditors

5,346

4,116

Taxation and social security

37,518

24,388

Other creditors

61,245

27,758

104,109

60,771

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2020 and 31st October 2019:

31.10.20

31.10.19

£

£

C J Austin-Behan

Balance outstanding at start of year

35,282

(20

)

Amounts advanced

-

35,302

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

35,282

D S Vicker

Balance outstanding at start of year

24,704

(3,249

)

Amounts advanced

-

27,953

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

24,704

Such loans are unsecured, interest free and are repayable on demand.