Advance Cleaning Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04217497 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 1 JUNE 2015 TO 30 SEPTEMBER 2016

FOR

ADVANCE CLEANING SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

I R Hookway

P Coffey

J Fisher

K Walton

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

04217497 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Intangible assets

2

250,000

Tangible assets

3

69,178

66,846

319,178

316,846

CURRENT ASSETS

Stocks

-

4,000

Debtors

320,040

848,290

Cash at bank

6

4

320,046

852,294

CREDITORS

Amounts falling due within one year

736,116

1,080,692

NET CURRENT LIABILITIES

(416,070

)

(228,398

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(96,892

)

88,448

CREDITORS

Amounts falling due after more than one
year

34,035

31,088

NET (LIABILITIES)/ASSETS

(130,927

)

57,360

CAPITAL AND RESERVES

Called up share capital

4

200

Revaluation reserve

250,000

Capital redemption reserve

825

Profit and loss account

(381,952

)

(193,665

)

SHAREHOLDERS' FUNDS

(130,927

)

57,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 30 June 2017 and were signed on its behalf by:

I R Hookway - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoices sales of services, excluding value added tax.

Goodwill

Having acquired 50% of the share capital in 2013 the directors have included the acquisition cost as goodwill

and will review this valuation on an annual basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax has been calculated, but the amount involved is not significant enough to materially affect the

financial statements, and therefore no provision has been made.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

Debtor factoring

The factored debts are recourse and therefore a separate presentation has been adopted. Trade debtors are shown

gross and proceeds from the factoring company have been included in creditors.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 30 September 2016

250,000

NET BOOK VALUE

At 30 September 2016

250,000

At 31 May 2015

250,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

218,942

Additions

41,123

Disposals

(9,500

)

At 30 September 2016

250,565

DEPRECIATION

At 1 June 2015

152,096

Charge for period

36,291

Eliminated on disposal

(7,000

)

At 30 September 2016

181,387

NET BOOK VALUE

At 30 September 2016

69,178

At 31 May 2015

66,846

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

200

Ordinary

£1

200

5.	GOING CONCERN

The financial statements have been prepared on a going concern basis. The directors continue to provide support

to the company and the company's bankers continue to provide their support with an ongoing invoice discounting

facility. The directors have reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Advance Cleaning Services Limited for the period ended 30 September 2016 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Advance Cleaning Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Advance Cleaning Services Limited and state those matters that we have agreed to state to the Board of Directors of Advance Cleaning Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advance Cleaning Services Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Advance Cleaning Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Advance Cleaning Services Limited. You consider that Advance Cleaning Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Advance Cleaning Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

30 June 2017