KWB Corporate Cleaning Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08501669 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

KWB CORPORATE CLEANING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

J C Bryce FRICS

N J Tripp

J P Tedstone

REGISTERED OFFICE:

1st Floor

Lancaster House

67 Newhall Street

BIRMINGHAM

West Midlands

B3 1NQ

REGISTERED NUMBER:

08501669 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of KWB Corporate Cleaning Limited for the year ended 31 March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KWB Corporate Cleaning Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KWB Corporate Cleaning Limited and state those matters that we have agreed to state to the Board of Directors of KWB Corporate Cleaning Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KWB Corporate Cleaning Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KWB Corporate Cleaning Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KWB Corporate Cleaning Limited. You consider that KWB Corporate Cleaning Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KWB Corporate Cleaning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

13 December 2018

FIXED ASSETS

Tangible assets

4

9,591

8,828

CURRENT ASSETS

Stocks

1,100

-

Debtors

5

128,500

76,002

129,600

76,002

CREDITORS

Amounts falling due within one year

6

138,900

84,730

NET CURRENT LIABILITIES

(9,300

)

(8,728

)

TOTAL ASSETS LESS CURRENT LIABILITIES

291

100

PROVISIONS FOR LIABILITIES

-

1,766

NET ASSETS/(LIABILITIES)

291

(1,666

)

CAPITAL AND RESERVES

Called up share capital

24,100

24,100

Retained earnings

(23,809

)

(25,766

)

SHAREHOLDERS' FUNDS

291

(1,666

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 13 December 2018 and were signed on its behalf by:

J C Bryce FRICS - Director

1.	STATUTORY INFORMATION

KWB Corporate Cleaning Limited 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.

The accounts have been prepared on a going concern basis. The directors have confirmed their continued

support of the business and considers the company has sufficient working capital to continue trading for the

foreseeable future.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 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.

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 93 (2017 - 92 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

11,290

3,182

14,472

Additions

3,213

-

3,213

At 31 March 2018

14,503

3,182

17,685

DEPRECIATION

At 1 April 2017

4,350

1,294

5,644

Charge for year

1,978

472

2,450

At 31 March 2018

6,328

1,766

8,094

NET BOOK VALUE

At 31 March 2018

8,175

1,416

9,591

At 31 March 2017

6,940

1,888

8,828

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

89,540

64,861

Other debtors

38,960

11,141

128,500

76,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

11,988

10,403

Trade creditors

13,843

15,863

Taxation and social security

49,385

35,522

Other creditors

63,684

22,942

138,900

84,730

7.	RELATED PARTY DISCLOSURES

2018

2017

£

£

Amounts due from associates

971

970

Amounts due to associates

-17,249

-10,022