Company Registration No. 06219619 (England and Wales)
Lane Cleaning Services Limited
Unaudited filleted accounts
for the year ended 31 May 2018
Lane Cleaning Services Limited
Unaudited filleted accounts
Contents
Lane Cleaning Services Limited
Company Information
for the year ended 31 May 2018
Company Number
06219619 (England and Wales)
Registered Office
33 Northumberland Way
Sharston
Manchester
M22 4UG
England
Accountants
Langers
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
Lane Cleaning Services Limited
Statement of financial position
as at 31 May 2018
Intangible assets
12,600
13,650
Tangible assets
13,711
9,620
Cash at bank and in hand
332,848
284,305
Creditors: amounts falling due within one year
(22,641)
(30,504)
Net current assets
416,553
380,404
Total assets less current liabilities
442,864
403,674
Provisions for liabilities
Deferred tax
(2,605)
(1,924)
Net assets
440,259
401,750
Called up share capital
2
2
Profit and loss account
440,257
401,748
Shareholders' funds
440,259
401,750
For the year ending 31 May 2018 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 director acknowledges his 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 31 October 2018.
Anthony Lane
Director
Company Registration No. 06219619
Lane Cleaning Services Limited
Notes to the Accounts
for the year ended 31 May 2018
Lane Cleaning Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06219619. The registered office is 33 Northumberland Way, Sharston, Manchester, M22 4UG, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is amortised over 20 years on a straight line basis.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Lane Cleaning Services Limited
Notes to the Accounts
for the year ended 31 May 2018
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2017
53,511
1,700
55,211
At 31 May 2018
62,171
1,700
63,871
At 1 June 2017
44,507
1,084
45,591
Charge for the year
4,415
154
4,569
At 31 May 2018
48,922
1,238
50,160
At 31 May 2018
13,249
462
13,711
At 31 May 2017
9,004
616
9,620
Trade debtors
25,279
21,723
Accrued income and prepayments
1,716
1,553
Other debtors
79,351
103,327
Lane Cleaning Services Limited
Notes to the Accounts
for the year ended 31 May 2018
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
20,975
28,643
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan
80,373
-
20,838
59,535
At 31 May 2018 the company was owed £59,535 by a director (2017: £80,373). Interest has been charged on this loan at 2.5% which is repayable on demand and is classified in other debtors due within one year.
10
Average number of employees
During the year the average number of employees was 4 (2017: 3).
