All Purpose Cleaning and Catering Supplies Ltd 31/03/2023 iXBRL

All Purpose Cleaning and Catering Supplies Ltd 31/03/2023 iXBRL

ALL PURPOSE CLEANING AND CATERING SUPPLIES LTD - Company Information

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Company registration number: 03713077
All Purpose Cleaning and Catering Supplies Ltd
Unaudited filleted financial statements
31 March 2023
Coulter & Co.
Chartered Certified Accountants
All Purpose Cleaning and Catering Supplies Ltd
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
All Purpose Cleaning and Catering Supplies Ltd
Directors and other information
Directors Kevin Ashby
Julie Ashby
Company number 03713077
Registered office Friars Well Business Estate
North Drive
Wartnaby
Leicestershire
LE14 3HQ
Business address Friars Well Business Estate
North Drive
Wartnaby
Leicestershire
LE14 3HQ
Accountants Coulter & Co
Pera Business Park
M03 Tower Building
Nottingham Road
Leicestershire
LE13 0PB
All Purpose Cleaning and Catering Supplies Ltd
Directors report
Year ended 31 March 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023.
Directors
The directors who served the company during the year were as follows:
Kevin Ashby
Julie Ashby
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 24 May 2023 and signed on behalf of the board by:
Kevin Ashby
Director
All Purpose Cleaning and Catering Supplies Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of All Purpose Cleaning and Catering Supplies Ltd
Year ended 31 March 2023
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2023, as set out on pages 4 to 8.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Coulter & Co
Chartered Certified Accountants
Pera Business Park
M03 Tower Building
Nottingham Road
Leicestershire
LE13 0PB
24 May 2023
All Purpose Cleaning and Catering Supplies Ltd
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 57,239 41,111
_______ _______
57,239 41,111
Current assets
Stocks 332,877 246,824
Debtors 6 678,282 489,844
Cash at bank and in hand 1,014,030 836,772
_______ _______
2,025,189 1,573,440
Creditors: amounts falling due
within one year 7 ( 966,517) ( 845,250)
_______ _______
Net current assets 1,058,672 728,190
_______ _______
Total assets less current liabilities 1,115,911 769,301
Provisions for liabilities ( 5,836) ( 5,836)
_______ _______
Net assets 1,110,075 763,465
_______ _______
Capital and reserves
Called up share capital 150 100
Profit and loss account 1,109,925 763,365
_______ _______
Shareholders funds 1,110,075 763,465
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 May 2023 , and are signed on behalf of the board by:
Kevin Ashby
Director
Company registration number: 03713077
All Purpose Cleaning and Catering Supplies Ltd
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Friars Well Business Estate, North Drive, Wartnaby, Leicestershire, LE14 3HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery 20 % Reducing balance
Fittings fixtures and equipment 33/20 % Reducing balance
Motor vehicles 25 % Reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2022: 18 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 53,455 52,074 19,209 124,738
Additions - 38,024 - 38,024
_______ _______ _______ _______
At 31 March 2023 53,455 90,098 19,209 162,762
_______ _______ _______ _______
Depreciation
At 1 April 2022 26,281 38,587 18,759 83,627
Charge for the year 5,435 16,348 113 21,896
_______ _______ _______ _______
At 31 March 2023 31,716 54,935 18,872 105,523
_______ _______ _______ _______
Carrying amount
At 31 March 2023 21,739 35,163 337 57,239
_______ _______ _______ _______
At 31 March 2022 27,174 13,487 450 41,111
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 676,262 488,504
Other debtors 2,020 1,340
_______ _______
678,282 489,844
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 681,704 636,605
Corporation tax 111,030 67,105
Social security and other taxes 88,425 49,574
Other creditors 85,358 91,966
_______ _______
966,517 845,250
_______ _______