R & S Cleaning Services Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 08087516 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2017

for

R & S Cleaning Services Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S A Skingley

R S Skingley

REGISTERED OFFICE:

C/o BSM (UK) Accounants

Unit 9, Creekmouth Industrial Estate

57 River Road

Barking

Essex

IG11 0DA

REGISTERED NUMBER:

08087516 (England and Wales)

ACCOUNTANTS:

BSM (U.K) Accountants Ltd

The directors present their report with the financial statements of the company for the year ended 31 May 2017.

INCORPORATION

The company was incorporated on 29 May 2012 and commenced trading on 1 June 2012.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2016 to the date of this report.

S A Skingley

R S Skingley

Both the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

R S Skingley - Director

19 January 2018

TURNOVER

135,895

Cost of sales

30,841

GROSS PROFIT

105,054

Administrative expenses

76,060

OPERATING PROFIT and

PROFIT BEFORE TAXATION

4

28,994

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

28,994

FIXED ASSETS

Tangible assets

5

11,248

CURRENT ASSETS

Debtors

6

401

Cash at bank

18,347

18,748

CREDITORS

Amounts falling due within one year

7

35,260

NET CURRENT LIABILITIES

(16,512

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,264

)

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

(5,464

)

SHAREHOLDERS' FUNDS

(5,264

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 January 2018 and were signed on its behalf by:

R S Skingley - Director

1.	STATUTORY INFORMATION

R & S Cleaning Services Ltd 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.

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

2,468

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 June 2016

and 31 May 2017

13,716

DEPRECIATION

Charge for year

2,468

At 31 May 2017

2,468

NET BOOK VALUE

At 31 May 2017

11,248

At 31 May 2016

13,716

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

401

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

5,550

Directors' current accounts

29,000

Accrued expenses

710

35,260