Cleaning Technique Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08274568 (England and Wales)

Abbreviated Accounts for the Year Ended 31st March 2016

for

Cleaning Technique Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S McGrath

Mrs I R McGrath

REGISTERED OFFICE:

Unit 21b Harris Business Park

Stoke Prior

Bromsgrove

Worcestershire

B60 4DJ

REGISTERED NUMBER:

08274568 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Intangible assets

2

22,728

25,975

Tangible assets

3

1,781

2,495

24,509

28,470

CURRENT ASSETS

Stocks

4,000

4,000

Debtors

85,728

85,702

Cash at bank and in hand

369

1,606

90,097

91,308

CREDITORS

Amounts falling due within one year

113,725

117,890

NET CURRENT LIABILITIES

(23,628

)

(26,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

881

1,888

CREDITORS

Amounts falling due after more than one year

-

333

NET ASSETS

881

1,555

CAPITAL AND RESERVES

Called up share capital

4

100

100

Retained earnings

781

1,455

SHAREHOLDERS' FUNDS

881

1,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7th September 2016 and were signed on its behalf by:

S McGrath - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

32,469

AMORTISATION

At 1st April 2015

6,494

Amortisation for year

3,247

At 31st March 2016

9,741

NET BOOK VALUE

At 31st March 2016

22,728

At 31st March 2015

25,975

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

4,327

DEPRECIATION

At 1st April 2015

1,832

Charge for year

714

At 31st March 2016

2,546

NET BOOK VALUE

At 31st March 2016

1,781

At 31st March 2015

2,495

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Creditors is a loan from the directors, Mr S McGrath and Mrs I R McGrath. It is interest free.