Company Registration No. 04961789 (England and Wales)
ACT Cleaning Services Limited
Unaudited accounts
for the year ended 31 March 2017
ACT Cleaning Services Limited
Unaudited accounts
Contents
ACT Cleaning Services Limited
Company Information
for the year ended 31 March 2017
Directors
Stephen William Coker
Karen Marie Coker
Company Number
04961789 (England and Wales)
Registered Office
26 West Drive
Sutton
Surrey
SM2 7NA
Accountants
Chris Burgess Accountancy Ltd
The Old Surgery
48 High Street
Chalgrove
Oxfordshire
OX44 7SS
ACT Cleaning Services Limited
Statement of financial position
as at 31 March 2017
Tangible assets
16,979
7,330
Cash at bank and in hand
131,952
116,971
Creditors: amounts falling due within one year
(62,678)
(68,052)
Net current assets
147,386
142,588
Total assets less current liabilities
164,365
149,918
Provisions for liabilities
Net assets
161,545
148,975
Called up share capital
2
2
Profit and loss account
161,543
148,973
Shareholders' funds
161,545
148,975
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 December 2017.
Stephen William Coker
Director
Company Registration No. 04961789
ACT Cleaning Services Limited
Notes to the Accounts
for the year ended 31 March 2017
ACT Cleaning Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04961789. The registered office is 26 West Drive, Sutton, Surrey, SM2 7NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill was the amount paid in connection with the acquisition of the business in 2004 and was amortised evenly over its estimated useful life of five years.
Legal and accountancy costs relating to the purchase of the business were split proportionately between goodwill and other assets acquired on acquisition. The costs allocated to goodwill were capitalised under goodwill. The costs relating to the other assets were not capitalised as the amounts were immaterial over each asset.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
50% on cost
Motor vehicles
50% on cost
Fixtures & fittings
50% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
ACT Cleaning Services Limited
Notes to the Accounts
for the year ended 31 March 2017
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
29,508
40,499
6,152
76,159
Additions
4,831
15,740
2,123
22,694
Disposals
(4,016)
(9,415)
-
(13,431)
At 31 March 2017
30,323
46,824
8,275
85,422
At 1 April 2016
25,739
37,118
5,972
68,829
Charge for the year
4,306
8,146
593
13,045
On disposals
(4,016)
(9,415)
-
(13,431)
At 31 March 2017
26,029
35,849
6,565
68,443
At 31 March 2017
4,294
10,975
1,710
16,979
At 31 March 2016
3,769
3,381
180
7,330
ACT Cleaning Services Limited
Notes to the Accounts
for the year ended 31 March 2017
Trade debtors
69,472
82,885
Accrued income and prepayments
7,530
9,789
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
6,335
9,543
Taxes and social security
42,394
43,839
Loans from directors
2,238
3,812
9
Deferred taxation
2017
2016
Accelerated capital allowances
2,820
943
Provision at start of year
943
424
Charged to the profit and loss account
1,877
519
Provision at end of year
2,820
943
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Transactions with related parties
Included in Loans from directors is £1,725 (2016 - £3,194) due to S Coker, the company's director and shareholder. The loan is interest free and repayable on demand.
Included in Loans from directors is £514 (2016 - £319) due to K Coker , the company's director and shareholder. The loan is interest free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 16 (2016: 16).
