Bricco Laundry Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09100540 (England and Wales)

Financial Statements for the Year Ended 30 June 2021

for

Bricco Laundry Services Ltd

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr K Srirangan

REGISTERED OFFICE:

331 Cheveral Avenue

Coventry

West Midlands

CV6 3ER

REGISTERED NUMBER:

09100540 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

1,265

1,581

CURRENT ASSETS

Debtors

5

22,075

22,475

Cash at bank

6,670

2,221

28,745

24,696

CREDITORS

Amounts falling due within one year

6

28,364

24,927

NET CURRENT ASSETS/(LIABILITIES)

381

(231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,646

1,350

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

1,645

1,349

SHAREHOLDERS' FUNDS

1,646

1,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 director and authorised for issue on 3 November 2021 and were signed by:

Mr K Srirangan - Director

1.	STATUTORY INFORMATION

Bricco Laundry Services Ltd 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2020

and 30 June 2021

6,030

DEPRECIATION

At 1 July 2020

4,449

Charge for year

316

At 30 June 2021

4,765

NET BOOK VALUE

At 30 June 2021

1,265

At 30 June 2020

1,581

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Other debtors

21,675

21,675

CJRS Receivable

400

800

22,075

22,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans and overdrafts (see note 7)

15,000

15,000

Trade creditors

2,143

-

Tax

143

319

Directors' current accounts

10,598

9,128

Accrued expenses

480

480

28,364

24,927

7.

LOANS

An analysis of the maturity of loans is given below:

30.6.21

30.6.20

£

£

Amounts falling due within one year or on demand:

Bank loans

15,000

15,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.21

30.6.20

value:

£

£

1

Ordinary

£1.00

1

1

9.

RESERVES

Retained

earnings

£

At 1 July 2020

1,349

Profit for the year

296

At 30 June 2021

1,645