Cleaning Technique Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08274568 (England and Wales)

Abridged Financial Statements for the Year Ended 31st March 2017

for

Cleaning Technique Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

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

4

19,481

22,728

Tangible assets

5

1,856

1,781

21,337

24,509

CURRENT ASSETS

Stocks

3,920

4,000

Debtors

79,008

85,728

Cash at bank and in hand

113

369

83,041

90,097

CREDITORS

Amounts falling due within one year

101,643

113,725

NET CURRENT LIABILITIES

(18,602

)

(23,628

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,735

881

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,635

781

SHAREHOLDERS' FUNDS

2,735

881

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22nd August 2017 and were signed on its behalf by:

S McGrath - Director

1.	STATUTORY INFORMATION

Cleaning Technique 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.

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.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

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 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 Income Statement, 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2016

and 31st March 2017

32,469

AMORTISATION

At 1st April 2016

9,741

Amortisation for year

3,247

At 31st March 2017

12,988

NET BOOK VALUE

At 31st March 2017

19,481

At 31st March 2016

22,728

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2016

4,327

Additions

678

At 31st March 2017

5,005

DEPRECIATION

At 1st April 2016

2,546

Charge for year

603

At 31st March 2017

3,149

NET BOOK VALUE

At 31st March 2017

1,856

At 31st March 2016

1,781

6.	SECURED DEBTS

The bank overdraft included within the accounts is secured by a personal guarantee from the directors, Mr S

McGrath and Mrs I R McGrath.

7.	CONTINGENT LIABILITIES

There were no contingent liabilities existing at the Balance Sheet date of which the directors are aware.

8.	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.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S McGrath.