Pinewood Cleaning Services Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02488822 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

PINEWOOD CLEANING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J T Keene

Mrs A Keene

SECRETARY:

Mr R Stockting

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

REGISTERED NUMBER:

02488822 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Intangible assets

4

17,375

20,875

Tangible assets

5

31,753

28,360

49,128

49,235

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

6

148,462

131,822

Cash at bank

61,360

83,379

211,822

217,201

CREDITORS

Amounts falling due within one year

7

63,074

31,679

NET CURRENT ASSETS

148,748

185,522

TOTAL ASSETS LESS CURRENT LIABILITIES

197,876

234,757

PROVISIONS FOR LIABILITIES

8

2,939

2,294

NET ASSETS

194,937

232,463

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

194,837

232,363

SHAREHOLDERS' FUNDS

194,937

232,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2019 and were signed on its behalf by:

Mr J T Keene - Director

1.	STATUTORY INFORMATION

Pinewood 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.

The nature of the company's operations and principal activity is that of industrial and domestic contract cleaning.

The company's principal place of business is Minster Lovell, Oxfordshire. The financial statements are presented

in sterling which is the functional currency of the company and rounded to the nearest £.

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 represents net invoiced sales and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2010, is being written off

on a 10% straight line basis.

Goodwill, being the amount paid in connection with the acquisition of the business Brighthome Cleaning

Services on 31 May 2015 and is being amortised on a 10% straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

moving items.

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.

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 26 (2017 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

41,000

AMORTISATION

At 1 May 2017

20,125

Amortisation for year

3,500

At 30 April 2018

23,625

NET BOOK VALUE

At 30 April 2018

17,375

At 30 April 2017

20,875

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2017

16,285

9,053

8,439

Additions

-

1,416

-

At 30 April 2018

16,285

10,469

8,439

DEPRECIATION

At 1 May 2017

-

6,757

3,493

Charge for year

-

928

742

At 30 April 2018

-

7,685

4,235

NET BOOK VALUE

At 30 April 2018

16,285

2,784

4,204

At 30 April 2017

16,285

2,296

4,946

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2017

17,995

7,311

59,083

Additions

7,125

-

8,541

At 30 April 2018

25,120

7,311

67,624

DEPRECIATION

At 1 May 2017

14,437

6,036

30,723

Charge for year

2,670

808

5,148

At 30 April 2018

17,107

6,844

35,871

NET BOOK VALUE

At 30 April 2018

8,013

467

31,753

At 30 April 2017

3,558

1,275

28,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

139,048

121,465

Prepayments

9,414

10,357

148,462

131,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade creditors

34,717

14,076

Tax

3,897

3,201

Social security and other taxes

5,700

2,693

VAT

15,423

8,609

Other creditors

315

136

Directors' current accounts

322

264

Accrued expenses

2,700

2,700

63,074

31,679

8.	PROVISIONS FOR LIABILITIES

30.4.18

30.4.17

£

£

Deferred tax

2,939

2,294

Deferred

tax

£

Balance at 1 May 2017

2,294

Provided during year

645

Balance at 30 April 2018

2,939

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J T Keene.