ACT Cleaning Services Limited

ACT Cleaning Services Limited

ACT CLEANING SERVICES LIMITED - Company Information

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1 April 2020 false No description of principal activity Taxfiler 2021.20 04961789business:PrivateLimitedCompanyLtd2020-04-012021-03-31 049617892020-03-31 049617892020-04-012021-03-31 04961789business:AuditExemptWithAccountantsReport2020-04-012021-03-31 04961789business:FullAccounts2020-04-012021-03-31 049617892021-03-31 04961789business:Director12020-04-012021-03-31 04961789business:Director22020-04-012021-03-31 04961789business:RegisteredOffice2020-04-012021-03-31 049617892020-03-31 04961789core:WithinOneYear2021-03-31 04961789core:WithinOneYear2020-03-31 04961789core:ShareCapital2021-03-31 04961789core:ShareCapital2020-03-31 04961789core:RetainedEarningsAccumulatedLosses2021-03-31 04961789core:RetainedEarningsAccumulatedLosses2020-03-31 04961789business:SmallEntities2020-04-012021-03-31 04961789countries:EnglandWales2020-04-012021-03-31 04961789core:PlantMachinery2020-04-012021-03-31 04961789core:MotorVehicles2020-04-012021-03-31 04961789core:FurnitureFittings2020-04-012021-03-31 04961789core:Goodwill2020-03-31 04961789core:Goodwill2021-03-31 04961789core:PlantMachinery2020-03-31 04961789core:MotorVehicles2020-03-31 04961789core:FurnitureFittings2020-03-31 04961789core:PlantMachinery2021-03-31 04961789core:MotorVehicles2021-03-31 04961789core:FurnitureFittings2021-03-31 04961789core:AcceleratedTaxDepreciationDeferredTax2021-03-31 04961789core:AcceleratedTaxDepreciationDeferredTax2020-03-31 049617892019-03-31 049617892019-04-012020-03-31 04961789business:OrdinaryShareClass12020-04-012021-03-31 04961789business:OrdinaryShareClass12019-04-012020-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04961789 (England and Wales)
ACT Cleaning Services Limited Unaudited accounts for the year ended 31 March 2021
ACT Cleaning Services Limited Unaudited accounts Contents
Page
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ACT Cleaning Services Limited Company Information for the year ended 31 March 2021
Directors
Stephen William Coker Karen Marie Coker
Company Number
04961789 (England and Wales)
Registered Office
26 West Drive Sutton Surrey SM2 7NA
Accountants
Chris Burgess Accountancy Ltd The Old Surgery 48 High Street Chalgrove Oxfordshire OX44 7SS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ACT Cleaning Services Limited for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACT Cleaning Services Limited for the year ended 31 March 2021 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of ACT Cleaning Services Limited, as a body, in accordance with the terms of our engagement letter dated 29 October 2017. Our work has been undertaken solely to prepare for your approval the accounts of ACT Cleaning Services Limited and state those matters that we have agreed to state to the Board of Directors of ACT Cleaning Services Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACT Cleaning Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACT Cleaning Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ACT Cleaning Services Limited. You consider that ACT Cleaning Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ACT Cleaning Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chris Burgess Accountancy Ltd Chartered Accountants The Old Surgery 48 High Street Chalgrove Oxfordshire OX44 7SS 31 December 2021
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ACT Cleaning Services Limited Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
14,707 
20,701 
Current assets
Inventories
6
2,300 
1,200 
Debtors
7
78,380 
79,355 
Cash at bank and in hand
158,786 
151,278 
239,466 
231,833 
Creditors: amounts falling due within one year
8
(68,277)
(65,370)
Net current assets
171,189 
166,463 
Total assets less current liabilities
185,896 
187,164 
Provisions for liabilities
Deferred tax
9
(2,795)
(3,933)
Net assets
183,101 
183,231 
Capital and reserves
Called up share capital
10
2 
2 
Profit and loss account
183,099 
183,229 
Shareholders' funds
183,101 
183,231 
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2021 and were signed on its behalf by
Stephen William Coker Director Company Registration No. 04961789
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ACT Cleaning Services Limited Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
ACT Cleaning Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04961789. The registered office is 26 West Drive, Sutton, Surrey, SM2 7NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill
Goodwill was the amount paid in connection with the acquisition of the business in 2004 and was amortised evenly over its estimated useful life of five years. Legal and accountancy costs relating to the purchase of the business were split proportionately between goodwill and other assets acquired on acquisition. The costs allocated to goodwill were capitalised under goodwill. The costs relating to the other assets were not capitalised as the amounts were immaterial over each asset.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The depreciation method has been reviewed during the year and has been adjusted to more accurately reflect the expected life of the assets. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
50% on cost
Motor vehicles
30% reducing balance
Fixtures & fittings
33% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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ACT Cleaning Services Limited Notes to the Accounts for the year ended 31 March 2021
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2020
198,678 
At 31 March 2021
198,678 
Amortisation
At 1 April 2020
198,678 
At 31 March 2021
198,678 
Net book value
At 31 March 2021
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2020
25,254 
48,273 
8,195 
81,722 
Additions
3,773 
- 
603 
4,376 
Disposals
(2,111)
- 
(183)
(2,294)
At 31 March 2021
26,916 
48,273 
8,615 
83,804 
Depreciation
At 1 April 2020
21,049 
32,886 
7,086 
61,021 
Charge for the year
5,007 
4,616 
634 
10,257 
On disposals
(2,096)
- 
(85)
(2,181)
At 31 March 2021
23,960 
37,502 
7,635 
69,097 
Net book value
At 31 March 2021
2,956 
10,771 
980 
14,707 
At 31 March 2020
4,205 
15,387 
1,109 
20,701 
6
Inventories
2021 
2020 
£ 
£ 
Raw materials
2,300 
1,200 
2,300 
1,200 
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ACT Cleaning Services Limited Notes to the Accounts for the year ended 31 March 2021
7
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
66,367 
68,365 
Accrued income and prepayments
10,632 
9,609 
Other debtors
1,381 
1,381 
78,380 
79,355 
8
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
1,753 
3,556 
Taxes and social security
46,563 
45,629 
Other creditors
4,645 
4,132 
Loans from directors
6,931 
5,190 
Accruals
8,385 
6,863 
68,277 
65,370 
9
Deferred taxation
2021 
2020 
£ 
£ 
Accelerated capital allowances
2,795 
3,933 
2021 
2020 
£ 
£ 
Provision at start of year
3,933 
2,712 
(Credited)/charged to the profit and loss account
(1,138)
1,221 
Provision at end of year
2,795 
3,933 
10
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
11
Transactions with related parties
Included in Loans from directors is £5,451 (2020 - £4,183) due to S Coker, the company's director and shareholder. The loan is interest free and repayable on demand. Included in Loans from directors is £1,482 (2020 - £1,010) due to K Coker , the company's director and shareholder. The loan is interest free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 16 (2020: 16).
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