Smudgoff Cleaning Services Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07552955 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Smudgoff Cleaning Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Peters

Mrs J Peters

SECRETARY:

Mrs J Peters

REGISTERED OFFICE:

The Mill House

Boundary Road

Loudwater

High Wycombe

Bucks.

HP10 9QN

BUSINESS ADDRESS:

Lawn Drive

8 Johnstones

Goosey

Faringdon

Oxfordshire

SN7 8PA

REGISTERED NUMBER:

07552955 (England and Wales)

ACCOUNTANTS:

The Fish Partnership

The Mill House

Boundary Road

Loudwater

High Wycombe

Bucks.

HP10 9QN

FIXED ASSETS

Tangible assets

4

2,599

3,465

CURRENT ASSETS

Stocks

400

400

Debtors

5

103,286

103,588

Cash at bank

35,935

-

139,621

103,988

CREDITORS

Amounts falling due within one year

6

25,735

31,559

NET CURRENT ASSETS

113,886

72,429

TOTAL ASSETS LESS CURRENT LIABILITIES

116,485

75,894

CREDITORS

Amounts falling due after more than one year

7

-

1,003

NET ASSETS

116,485

74,891

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

116,483

74,889

SHAREHOLDERS' FUNDS

116,485

74,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 Board of Directors on 20 May 2017 and were signed on its behalf by:

S M Peters - Director

1.	STATUTORY INFORMATION

Smudgoff Cleaning Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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 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.

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.

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 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2016

and 31 March 2017

11,360

DEPRECIATION

At 1 April 2016

7,895

Charge for year

866

At 31 March 2017

8,761

NET BOOK VALUE

At 31 March 2017

2,599

At 31 March 2016

3,465

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2016

and 31 March 2017

8,872

DEPRECIATION

At 1 April 2016

6,064

Charge for year

702

At 31 March 2017

6,766

NET BOOK VALUE

At 31 March 2017

2,106

At 31 March 2016

2,808

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

102,846

103,362

Other debtors

440

226

103,286

103,588

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

8,536

Hire purchase contracts

1,003

1,720

Taxation and social security

19,472

16,574

Other creditors

5,260

4,729

25,735

31,559

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

1,003

8.	OTHER FINANCIAL COMMITMENTS

At 31 March 2017, the company had total commitments under non-cancellable operating leases over

the remaining life of those leases of £5,487 (2016: £1,101).

9.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under

Section 1A "Small Entities" of Financial Reporting Standard 102.