Online Cleaning UK Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06914200

ONLINE CLEANING UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr F T Wanschers

Mrs D V Holtappel

Mr J Knoll

REGISTERED OFFICE:

London City Point

1 Ropemaker Street

London

EC2Y 9HT

REGISTERED NUMBER:

06914200

AUDITORS:

Rothmans Audit LLP

Chartered Accountants & Statutory Auditors

24 Park Road South

Havant

Hampshire

PO9 1HB

FIXED ASSETS

Tangible assets

4

102,129

101,397

CURRENT ASSETS

Stocks

30,941

11,430

Debtors

5

545,007

783,559

Cash at bank and in hand

187,443

232,126

763,391

1,027,115

CREDITORS

Amounts falling due within one year

6

422,639

380,403

NET CURRENT ASSETS

340,752

646,712

TOTAL ASSETS LESS CURRENT LIABILITIES

442,881

748,109

PROVISIONS FOR LIABILITIES

18,024

20,279

NET ASSETS

424,857

727,830

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

424,837

727,810

SHAREHOLDERS' FUNDS

424,857

727,830

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2017 and were signed on its behalf by:

Mr F T Wanschers - Director

1.	STATUTORY INFORMATION

Online Cleaning UK Limited is a company limited by shares incorporated in England and Wales. The company's

registered office is London City Point, 1 Ropemaker Street, London, EC2Y 9HT.

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.

The financial statements relate to Online Cleaning UK Limited as an individual entity.

The financial statements are presented in Sterling (£).

The figures have been rounded to the nearest pound.

Significant judgements and estimates

Preparation of financial statements usually requires management to make significant judgements and estimates,

which are continually reviewed and evaluated based on historical experience and future expectations.

In considering depreciation rates and methods of application, the directors have made estimates of both residual

values and useful economic lives having due regard to their experience of utilising such fixed assets in the

business.

Turnover

Turnover represents the value of the cleaning services supplied, excluding value added tax, and is recognised

on the completion of the service supplied and in accordance with the terms of the contract.

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 cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment

loss.

Stocks

Stocks are valued at the lower of cost and expected selling price less costs to complete and sell, using the first

in first out method, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in line with sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans, amounts due to/from group under takings, trade

receivables and payables are initially recognised at transaction price, unless they constitute a financing

arrangement, when the transaction is measured at the present value of the future receipts discounted at a

market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest rate

method.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 14 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

64,767

-

92,693

7,198

164,658

Additions

8,874

450

39,814

4,260

53,398

Disposals

-

-

-

(383

)

(383

)

At 31 December 2016

73,641

450

132,507

11,075

217,673

DEPRECIATION

At 1 January 2016

36,830

-

24,199

2,232

63,261

Charge for year

12,715

88

36,547

3,082

52,432

Eliminated on disposal

-

-

-

(149

)

(149

)

At 31 December 2016

49,545

88

60,746

5,165

115,544

NET BOOK VALUE

At 31 December 2016

24,096

362

71,761

5,910

102,129

At 31 December 2015

27,937

-

68,494

4,966

101,397

5.

DEBTORS

2016

2015

£

£

Amounts falling due within one year:

Trade debtors

451,757

642,460

Other debtors

86,950

134,799

538,707

777,259

Amounts falling due after more than one year:

Other debtors

6,300

6,300

Aggregate amounts

545,007

783,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

77,900

39,820

Amounts owed to group undertakings

19,052

20,458

Taxation and social security

170,224

221,495

Other creditors

155,463

98,630

422,639

380,403

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2016

2015

£

£

Within one year

22,150

-

Between one and five years

15,750

-

37,900

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Hutchinson (Senior Statutory Auditor)

for and on behalf of Rothmans Audit LLP

9.	FIRST YEAR ADOPTION

The company has adopted FRS 102 Section 1A from 1 January 2016 for the year ended 31 December 2016.

There are no re-statements under the new standard for earlier periods which were prepared under previous UK

GAAP.

10.	ULTIMATE PARENT COMPANY AND PARENT UNDERTAKING OF LARGER GROUP

Conservator Beheer BV (incorporated in The Netherlands) is regarded by the directors as being the company's

ultimate parent company.

The largest group in which the results of the company are consolidated is that headed by Conservator Beheer

BV, incorporated in The Netherlands . The smallest group in which they are consolidated is that headed by

Online Cleaning B V, incorporated in The Netherlands . The consolidated accounts are available to the public

and may be obtained from Kamer Van Koophandel Rotterdam, Blaak 40, 3011 TA, Rotterdam.