Company Registration No. 03394467 (England and Wales)
ALBAN CLEANING SERVICES LIMITED
Unaudited accounts
for the year ended 31 July 2023
ALBAN CLEANING SERVICES LIMITED
Unaudited accounts
Contents
ALBAN CLEANING SERVICES LIMITED
Company Information
for the year ended 31 July 2023
Company Number
03394467 (England and Wales)
Registered Office
62 HIGH STREET
SANDRIDGE
ST. ALBANS
AL4 9BZ
ENGLAND
ALBAN CLEANING SERVICES LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
44,210
40,558
Cash at bank and in hand
26,830
652
Creditors: amounts falling due within one year
(103,872)
(132,502)
Net current (liabilities)/assets
(17,754)
9,637
Total assets less current liabilities
26,456
50,195
Creditors: amounts falling due after more than one year
(18,452)
(34,518)
Called up share capital
1,000
1,000
Profit and loss account
7,004
14,677
Shareholders' funds
8,004
15,677
For the year ending 31 July 2023 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 director acknowledges his 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 and authorised for issue on 16 November 2023 and were signed on its behalf by
Mr P Small
Director
Company Registration No. 03394467
ALBAN CLEANING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
ALBAN CLEANING SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03394467. The registered office is 62 HIGH STREET, SANDRIDGE, ST. ALBANS, AL4 9BZ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
ALBAN CLEANING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
3,108
87,483
90,591
Additions
3,721
12,000
15,721
Disposals
-
(8,928)
(8,928)
At 31 July 2023
6,829
90,555
97,384
At 1 August 2022
2,007
48,026
50,033
Charge for the year
397
10,474
10,871
On disposals
-
(7,730)
(7,730)
At 31 July 2023
2,404
50,770
53,174
At 31 July 2023
4,425
39,785
44,210
At 31 July 2022
1,101
39,457
40,558
Amounts falling due within one year
Trade debtors
47,028
90,986
Accrued income and prepayments
227
-
Other debtors
9,042
47,510
ALBAN CLEANING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
10,648
Obligations under finance leases and hire purchase contracts
-
4,728
Trade creditors
40,628
52,554
Taxes and social security
12,392
12,323
Other creditors
1,180
1,178
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
6,941
8
Average number of employees
During the year the average number of employees was 42 (2022: 25).
