Swale Cleaning Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06492318 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Swale Cleaning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J A Cripps

SECRETARY:

Mrs C D Cripps

REGISTERED OFFICE:

30 High Street

SHEERNESS

Kent

ME12 1NL

REGISTERED NUMBER:

06492318 (England and Wales)

ACCOUNTANTS:

Blain Pritchard

Chartered Certified Accountants

29 High Street

Blue Town

SHEERNESS

Kent

ME12 1RN

FIXED ASSETS

Intangible assets

4

7,200

9,000

Tangible assets

5

11,854

16,039

19,054

25,039

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

27,480

35,788

Cash at bank

45,848

46,270

74,328

83,058

CREDITORS

Amounts falling due within one year

7

12,307

33,778

NET CURRENT ASSETS

62,021

49,280

TOTAL ASSETS LESS CURRENT LIABILITIES

81,075

74,319

PROVISIONS FOR LIABILITIES

1,875

2,670

NET ASSETS

79,200

71,649

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

78,200

70,649

SHAREHOLDERS' FUNDS

79,200

71,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st September 2023 and were signed by:

P J A Cripps - Director

1.	STATUTORY INFORMATION

Swale Cleaning 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.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance, 25% on cost and 20% 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 Profit and Loss Account, 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.

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 3 (2022 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2022

and 31st March 2023

18,000

AMORTISATION

At 1st April 2022

9,000

Charge for year

1,800

At 31st March 2023

10,800

NET BOOK VALUE

At 31st March 2023

7,200

At 31st March 2022

9,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2022

and 31st March 2023

78,158

DEPRECIATION

At 1st April 2022

62,119

Charge for year

4,185

At 31st March 2023

66,304

NET BOOK VALUE

At 31st March 2023

11,854

At 31st March 2022

16,039

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

14,453

35,738

Other debtors

13,027

50

27,480

35,788

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

8,424

22,139

Other creditors

3,883

11,639

12,307

33,778

8.	RELATED PARTY DISCLOSURES

Included in creditors due within 1 year is an amount owed to the company director by way of a loan account. The amount owing at the year end was £3,053, the amount is repayable on demand.