| Powerclean U.K. (Holdings) Limited |
| Registered number: |
04625618 |
| Abbreviated Balance Sheet |
| as at 31 July 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
714,632 |
|
|
727,315 |
| Investments |
3 |
|
|
2,506 |
|
|
2,506 |
|
|
|
|
717,138 |
|
|
729,821 |
|
| Current assets |
| Debtors |
|
|
213 |
|
|
- |
| Cash at bank and in hand |
|
|
708,311 |
|
|
592,690 |
|
|
|
708,524 |
|
|
592,690 |
|
| Creditors: amounts falling due within one year |
|
|
(63,564) |
|
|
(294,124) |
|
| Net current assets |
|
|
|
644,960 |
|
|
298,566 |
|
| Total assets less current liabilities |
|
|
|
1,362,098 |
|
|
1,028,387 |
|
|
| Provisions for liabilities |
|
|
|
(7,358) |
|
|
(8,672) |
|
|
| Net assets |
|
|
|
1,354,740 |
|
|
1,019,715 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,001 |
|
|
1,001 |
| Revaluation reserve |
|
|
|
430,753 |
|
|
430,753 |
| Profit and loss account |
|
|
|
922,986 |
|
|
587,961 |
|
| Shareholders' funds |
|
|
|
1,354,740 |
|
|
1,019,715 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| C B Holgate |
| Director |
| Approved by the board on 10 February 2016 |
|
| Powerclean U.K. (Holdings) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of services provided to the subsidiary company. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33% and 15% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet 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 the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2014 |
1,179,474 |
|
At 31 July 2015 |
1,179,474 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2014 |
452,159 |
|
Charge for the year |
12,683 |
|
At 31 July 2015 |
464,842 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
714,632 |
|
At 31 July 2014 |
727,315 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 August 2014 |
2,506 |
|
|
At 31 July 2015 |
2,506 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Powerclean UK Limited |
A/C Ordinary |
100 |
|
163,257 |
|
144,776 |
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
300 |
|
300 |
|
300 |
|
B Ordinary shares |
£1 each |
|
300 |
|
300 |
|
300 |
|
C Ordinary shares |
£1 each |
|
401 |
|
401 |
|
401 |
|
|
|
|
|
|
1,001 |
|
1,001 |
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
C & A Holgate |
|
Loan 1 |
3,872 |
|
18,875 |
|
(3,872) |
|
18,875 |
|
|
|
3,872 |
|
18,875 |
|
(3,872) |
|
18,875 |
|
|
|
|
|
|
|
|
|
