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REGISTERED NUMBER: 02128175 (England and Wales)




















Audited Financial Statements

for the Year Ended 28 February 2023

for

British Cleaning Council Ltd

British Cleaning Council Ltd (Registered number: 02128175)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


British Cleaning Council Ltd

Company Information
for the year ended 28 February 2023







DIRECTORS: Mr S Atkins
Mr P K Thrupp
Mr P Morrish
Mr J P Melvin
Mrs D M Canning
Mrs K Phillips
Mr D M Garcia





SECRETARY: Mr S Hollingbery





REGISTERED OFFICE: C/O Clifford Roberts
Pacioli House, 9 Brookfield
Duncan Close, Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 02128175 (England and Wales)





AUDITORS: Clifford Roberts
Chartered Accountants &
Statutory Auditors
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

British Cleaning Council Ltd (Registered number: 02128175)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 153
Investments 5 1 1
1 154

CURRENT ASSETS
Debtors 6 10,476 535
Cash at bank 116,321 231,535
126,797 232,070
CREDITORS
Amounts falling due within one year 7 4,429 27,424
NET CURRENT ASSETS 122,368 204,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,369

204,800

RESERVES
Income and expenditure account 122,369 204,800
122,369 204,800

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2023 and were signed on its behalf by:





Mr S Atkins - Director


British Cleaning Council Ltd (Registered number: 02128175)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

British Cleaning Council Ltd is a private company, limited by guarantee , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£) and cover the period to the end of February each year.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is anticipating a significant profit in the next financial year as the upcoming show in London is set to be very successful. Despite the current year loss the balance sheet has positive reserves and healthy cash balances which will sustain the entity through to the London show, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about British Cleaning Council Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimated and judgements are continually reviewed and are based upon the experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related outcome. The key assumptions and other sources of estimation uncertainty can have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the financial statements.

The directors have long considered the various judgements, estimates and assumptions made, and they have agreed that there are no material assumption, other than the continuation of the business as a going concern, which warrants disclosure in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the invoiced amount of income due to the entity under the profit sharing agreement relating to the joint venture, stated net of value added tax. The turnover and pre tax profit is wholly attributable to the operating activities of the company. Turnover is recognised upon evidence the operation of a critical event.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost


British Cleaning Council Ltd (Registered number: 02128175)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 766
DEPRECIATION
At 1 March 2022 613
Charge for year 153
At 28 February 2023 766
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 153

British Cleaning Council Ltd (Registered number: 02128175)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 March 2022
and 28 February 2023 1
NET BOOK VALUE
At 28 February 2023 1
At 28 February 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,476 535

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29 41
Taxation and social security - 22,983
Other creditors 4,400 4,400
4,429 27,424

8. FINANCIAL RISK MANAGEMENT

The company has some exposure to credit, liquidity and cash flow interest rate risks, These risks are limited by the company's financial management policies and practices described below.

Credit risk
Credit risk is the risk that one party to a financial instrument will cause a financial loss for the company by failing to discharge an obligation. The company has limited exposure to credit risk. Predominantly any risks will arise from the joint venture, and the success of each cleaning show. The company reduces the risk through sensible management policies.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities.

Market risk
There is a market risk associated with the fluctuation in demand each cleaning show staged and most of this risk is mitigated by monitoring the industry and adjusting accordingly.

The company holds no derivative financial instruments at the year end.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Billingham BA(Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts

British Cleaning Council Ltd (Registered number: 02128175)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

10. RELATED PARTY DISCLOSURES

During the year the comapny made no sales (2022 - £119,588) to a joint venture entity, BCC (Exhibitions) Limited. There was no balance outstanding at the year end.

During the year, the company was invoiced £9,000 (2022 - £6,000) for finance and administration services from a company in which a director of the reporting entity was also a director. There was no balance outstanding at either balance sheet date.

11. MEMBERS LIMITED LIABILITY

The Institute is a company limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company in the event of the same being wound up while they are a member. This contribution, not exceeding £10, covers the payments of debts and liabilities of the company contracted before each individual ceases to be a member and of the costs, charges and expenses of winding-up and for adjustment of the rights of the contributors among themselves.