CLEANBRITE FM LIMITED

CLEANBRITE FM LIMITED

CLEANBRITE FM LIMITED - Company Information

Print Friendly Version

CLEANBRITE FM LIMITED

Company Registration Number:
07399868 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

CLEANBRITE FM LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

CLEANBRITE FM LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 1,299 1,731
Total fixed assets: 1,299 1,731
Current assets
Debtors:   219,270 135,204
Cash at bank and in hand: 33,373 14,757
Total current assets: 252,643 149,961
Creditors: amounts falling due within one year:   (24,351) (6,869)
Net current assets (liabilities): 228,292 143,092
Total assets less current liabilities: 229,591 144,823
Provision for liabilities: (247)
Total net assets (liabilities): 229,344 144,823
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 229,244 144,723
Shareholders funds: 229,344 144,823

The notes form part of these financial statements

CLEANBRITE FM LIMITED

Balance sheet statements

For the year ending 31 December 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 September 2018
and signed on behalf of the board by:

Name: D Edmonston
Status: Director

The notes form part of these financial statements

CLEANBRITE FM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business , and is shown net of VAT and other sales related taxes . The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the considerationis the present value of the future receipts. The difference between the fair value of the consideration andthe nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can bemeasured reliably, it is probable that the economic benefits associated with the transaction will flow to theentity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably.The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourlystaff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably,revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed .

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Plant and machinery 25% on cost basisMotor vehicles 25% on cost basis

CLEANBRITE FM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 4 4

CLEANBRITE FM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 9,090
At 31 December 2017 9,090
Depreciation
At 01 January 2017 7,359
Charge for year 432
At 31 December 2017 7,791
Net book value
At 31 December 2017 1,299
At 31 December 2016 1,731