Company Registration No. 10226898 (England and Wales)
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED
for the year ended 30 June 2023
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED
Contents
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED
Company Information
for the year ended 30 June 2023
Company Number
10226898 (England and Wales)
Registered Office
67 George Lane
South Woodford
London
E18 1JJ
United Kingdom
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED
Statement of financial position
as at 30 June 2023
Intangible assets
11,000
11,000
Tangible assets
3,695
5,022
Cash at bank and in hand
3,826
4,041
Creditors: amounts falling due within one year
(10,571)
(8,911)
Net current liabilities
(4,264)
(1,648)
Total assets less current liabilities
10,431
14,374
Creditors: amounts falling due after more than one year
(5,413)
(8,721)
Called up share capital
1
1
Profit and loss account
5,017
5,652
Shareholders' funds
5,018
5,653
For the year ending 30 June 2023 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.
The financial statements were approved by the Board and authorised for issue on 12 October 2023 and were signed on its behalf by
Jamil Ahmed
Director
Company Registration No. 10226898
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10226898. The registered office is 67 George Lane, South Woodford, London, E18 1JJ, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
10% on cost
Fixtures & fittings
20 % on cost
The company obtained a Bounce Back Loan from its bankers, of £15,000. The loan is supported by a Government guarantee of up to 80% of the loan and the first year's interest is also met by the Government. This interest is recorded in the profit and loss in the period that it is payable.
The accounts are presented in £ sterling.
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
13,270
1,500
14,770
At 30 June 2023
13,270
1,500
14,770
At 1 July 2022
8,248
1,500
9,748
Charge for the year
1,327
-
1,327
At 30 June 2023
9,575
1,500
11,075
At 30 June 2023
3,695
-
3,695
At 30 June 2022
5,022
-
5,022
Amounts falling due within one year
Accrued income and prepayments
2,110
2,110
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,260
3,000
Trade creditors
3,130
2,181
Taxes and social security
1,329
1,120
Other creditors
2,609
2,584
Loans from directors
43
26
TOUCH OF CLASS DRY CLEANERS (PVT) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).