Broomsticks Cleaning Ltd - Period Ending 2017-06-30

Registration number: 04983587

Broomsticks Cleaning Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2016 to 30 June 2017

Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA

Broomsticks Cleaning Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 10

Broomsticks Cleaning Ltd

Company Information

Director

Mrs Kelly Marks

Registered office

68 PEGHOUSE RISE UPLANDS STROUD GLOUCESTERSHIRE GL5 1UR

Accountants

Brothertons Accountants Ltd 2 Commercial House Abbeymead Avenue Gloucester GL4 5UA

Page 1

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Broomsticks Cleaning Ltd
for the Period Ended 30 June 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Broomsticks Cleaning Ltd for the period ended 30 June 2017 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Broomsticks Cleaning Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Broomsticks Cleaning Ltd and state those matters that we have agreed to state to the Board of Directors of Broomsticks Cleaning Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Broomsticks Cleaning Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Broomsticks Cleaning Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Broomsticks Cleaning Ltd. You consider that Broomsticks Cleaning Ltd 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 accounts of Broomsticks Cleaning Ltd. 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 accounts.

......................................

Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA

19 July 2017

Page 2

Broomsticks Cleaning Ltd

(Registration number: 04983587)
Balance Sheet as at 30 June 2017

	Note	2017 £	2015 £
Fixed assets
Tangible assets	4	139	70
Current assets
Debtors	5	1,859	4,600
Cash at bank and in hand		821	5,015
		2,680	9,615
Creditors: Amounts falling due within one year	6	(2,818)	(9,641)
Net current liabilities		(138)	(26)
Net assets		1	44
Capital and reserves
Called up share capital		1	1
Profit and loss account		-	43
Total equity		1	44

For the financial period ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 July 2017
 

.........................................

Mrs Kelly Marks

Director

The notes on pages 5 to 10 form an integral part of these financial statements.

Page 3

Broomsticks Cleaning Ltd

Statement of Changes in Equity for the Period from 1 January 2016 to 30 June 2017

	Share capital £	Profit and loss account £	Total £
At 1 January 2016	1	43	44
Profit for the period	-	10,005	10,005
Total comprehensive income	-	10,005	10,005
Dividends	-	(10,048)	(10,048)
At 30 June 2017	1	-	1

	Share capital £	Profit and loss account £	Total £
At 1 January 2015	1	202	203
Profit for the period	-	7,741	7,741
Total comprehensive income	-	7,741	7,741
Dividends	-	(7,900)	(7,900)
At 31 December 2015	1	43	44

The notes on pages 5 to 10 form an integral part of these financial statements.

Page 4

Broomsticks Cleaning Ltd

Notes to the Financial Statements for the Period from 1 January 2016 to 30 June 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
68 PEGHOUSE RISE UPLANDS
STROUD
GLOUCESTERSHIRE
GL5 1UR

These financial statements were authorised for issue by the director on 19 July 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Funiture,fittings, tools and equipment	20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 5

Broomsticks Cleaning Ltd

Notes to the Financial Statements for the Period from 1 January 2016 to 30 June 2017

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 10 (2015 - 10).

Page 6

Broomsticks Cleaning Ltd

Notes to the Financial Statements for the Period from 1 January 2016 to 30 June 2017

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2016	2,950	2,950
Disposals	2,950	2,950
At 30 June 2017	5,900	5,900
Depreciation
At 1 January 2016	2,880	2,880
Eliminated on disposal	2,881	2,881
At 30 June 2017	5,761	5,761
Carrying amount
At 30 June 2017	139	139
At 31 December 2015	70	70

5

Debtors

	2017 £	2015 £
Trade debtors	-	4,600
Other debtors	1,859	-
Total current trade and other debtors	1,859	4,600

6

Creditors

	Note	2017 £	2015 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	7,360
Other creditors		2,818	2,281
		2,818	9,641

7	Loans and borrowings

Page 7

Broomsticks Cleaning Ltd

Notes to the Financial Statements for the Period from 1 January 2016 to 30 June 2017

	2017 £	2015 £
Current loans and borrowings

8

Dividends

	2017	2015
	£	£

9	Transition to FRS 102

Balance Sheet at 1 January 2015
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Total equity		-	-	-	-

Page 8

Broomsticks Cleaning Ltd

Notes to the Financial Statements for the Period from 1 January 2016 to 30 June 2017

Balance Sheet at 31 December 2015
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Total equity		-	-	-	-

Page 9

Broomsticks Cleaning Ltd

Notes to the Financial Statements for the Period from 1 January 2016 to 30 June 2017

Profit and Loss Account for the year ended 31 December 2015
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Turnover		-	-	-	-
Operating profit/(loss)		-	-	-	-
Profit/(loss) before tax		-	-	-	-
Profit/(loss) for the financial period		-	-	-	-

Page 10