Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falsegeneral cleaning2217truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13454237 2022-07-01 2023-06-30 13454237 2021-06-14 2022-06-30 13454237 2023-06-30 13454237 2022-06-30 13454237 c:Director1 2022-07-01 2023-06-30 13454237 d:MotorVehicles 2022-07-01 2023-06-30 13454237 d:MotorVehicles 2023-06-30 13454237 d:MotorVehicles 2022-06-30 13454237 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13454237 d:OfficeEquipment 2022-07-01 2023-06-30 13454237 d:OfficeEquipment 2023-06-30 13454237 d:OfficeEquipment 2022-06-30 13454237 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13454237 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13454237 d:Goodwill 2022-07-01 2023-06-30 13454237 d:Goodwill 2023-06-30 13454237 d:Goodwill 2022-06-30 13454237 d:CurrentFinancialInstruments 2023-06-30 13454237 d:CurrentFinancialInstruments 2022-06-30 13454237 d:Non-currentFinancialInstruments 2023-06-30 13454237 d:Non-currentFinancialInstruments 2022-06-30 13454237 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13454237 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13454237 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 13454237 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 13454237 d:ShareCapital 2023-06-30 13454237 d:ShareCapital 2022-06-30 13454237 d:RetainedEarningsAccumulatedLosses 2023-06-30 13454237 d:RetainedEarningsAccumulatedLosses 2022-06-30 13454237 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 13454237 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 13454237 c:FRS102 2022-07-01 2023-06-30 13454237 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13454237 c:FullAccounts 2022-07-01 2023-06-30 13454237 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13454237 2 2022-07-01 2023-06-30 13454237 d:Goodwill d:OwnedIntangibleAssets 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 13454237










JOEL CLEANING SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
JOEL CLEANING SERVICES LIMITED
REGISTERED NUMBER: 13454237

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Intangible assets
  
9,840
11,070

Tangible assets
  
11,399
1,388

  
21,239
12,458

Current assets
  

Debtors: amounts falling due within one year
  
22,735
9,502

Cash at bank and in hand
  
7,317
12,359

  
30,052
21,861

Creditors: amounts falling due within one year
  
(41,517)
(28,786)

Net current liabilities
  
 
 
(11,465)
 
 
(6,925)

Total assets less current liabilities
  
9,774
5,533

Creditors: amounts falling due after more than one year
  
(7,530)
-

Provisions for liabilities
  

Deferred tax
  
(2,166)
(264)

  
 
 
(2,166)
 
 
(264)

Net assets
  
78
5,269


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
77
5,268

  
78
5,269


Page 1

 
JOEL CLEANING SERVICES LIMITED
REGISTERED NUMBER: 13454237
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2023.




K Lewis
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies (continued)

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies (continued)

 
1.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies (continued)

 
1.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
1.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the
Page 6

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies (continued)


1.14
Financial instruments (continued)

difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
1.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


Employees

The average monthly number of employees, including directors, during the year was 22 (2022 - 17).

Page 7

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Intangible assets




Goodwill

£



Cost


At 1 July 2022
12,300



At 30 June 2023

12,300



Amortisation


At 1 July 2022
1,230


Charge for the year on owned assets
1,230



At 30 June 2023

2,460



Net book value



At 30 June 2023
9,840



At 30 June 2022
11,070



Page 8

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
-
2,071
2,071


Additions
13,999
291
14,290



At 30 June 2023

13,999
2,362
16,361



Depreciation


At 1 July 2022
-
683
683


Charge for the year on owned assets
3,500
779
4,279



At 30 June 2023

3,500
1,462
4,962



Net book value



At 30 June 2023
10,499
900
11,399



At 30 June 2022
-
1,388
1,388


5.


Debtors

2023
2022
£
£


Trade debtors
13,750
9,502

Other debtors
8,985
-

22,735
9,502


Included within other debtors due within one year is a loan to K Lewis, a director, amounting to £6,781 (2022 - £Nil). Amounts repaid during the year totalled £NIL.  The main conditions were as follows:

This loan was provided interest free and is repayable on demand.

Page 9

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,316
12,359

7,316
12,359



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
61
-

Corporation tax
14,827
7,280

Other taxation and social security
21,135
9,526

Obligations under finance lease and hire purchase contracts
4,015
-

Other creditors
379
10,880

Accruals and deferred income
1,100
1,100

41,517
28,786



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
7,530
-

7,530
-


Page 10

 
JOEL CLEANING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Deferred taxation




2023


£






At beginning of year
(264)


Charged to profit or loss
(1,902)



At end of year
(2,166)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,166)
(264)

(2,166)
(264)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £588 (2022 - £630). Contributions totalling £379 (2022 - £668) were payable to the fund at the reporting date and are included in creditors.

 
Page 11