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COMPANY REGISTRATION NUMBER: 11758526
Almond Industrial Cleaning Limited
Unaudited Financial Statements
31 January 2023
Almond Industrial Cleaning Limited
Financial Statements
Year Ended 31 January 2023
Contents
Page
Officers and Professional Advisers
1
Director's Report
2
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
3
Statement of Income and Retained Earnings
4
Statement of Financial Position
5
Notes to the Financial Statements
7
Almond Industrial Cleaning Limited
Officers and Professional Advisers
Director
Mr A Britton
Registered Office
5 Waddington Drive
Snaith
Goole
United Kingdom
DN14 9FA
Accountants
Wyatt & Co
Chartered Accountants
125 Main Street
Garforth
Leeds
LS25 1AF
Almond Industrial Cleaning Limited
Director's Report
Year Ended 31 January 2023
The director presents his report and the unaudited financial statements of the company for the year ended 31 January 2023 .
Principal Activities
The principal activity of the company during the year was other building and industrial cleaning activities.
Director
The director who served the company during the year was as follows:
Mr A Britton
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 27 February 2023 and signed on behalf of the board by:
Mr A Britton
Director
Registered office:
5 Waddington Drive
Snaith
Goole
United Kingdom
DN14 9FA
Almond Industrial Cleaning Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Almond Industrial Cleaning Limited
Year Ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Almond Industrial Cleaning Limited for the year ended 31 January 2023, which comprise the statement of income and retained earnings, statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Almond Industrial Cleaning Limited in accordance with the terms of our engagement letter dated 1 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Almond Industrial Cleaning Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Almond Industrial Cleaning Limited and its director for our work or for this report.
It is your duty to ensure that Almond Industrial 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 Almond Industrial Cleaning Limited. You consider that Almond Industrial 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 Almond Industrial 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.
Wyatt & Co Chartered Accountants
125 Main Street Garforth Leeds LS25 1AF
27 February 2023
Almond Industrial Cleaning Limited
Statement of Income and Retained Earnings
Year Ended 31 January 2023
2023
2022
Note
£
£
Turnover
265,028
211,746
-----------
-----------
Gross Profit
265,028
211,746
Administrative expenses
128,946
124,393
-----------
-----------
Operating Profit
136,082
87,353
Other interest receivable and similar income
23
2
-----------
-----------
Profit Before Taxation
5
136,105
87,355
Tax on profit
24,781
17,498
-----------
---------
Profit for the Financial Year and Total Comprehensive Income
111,324
69,857
-----------
---------
Dividends paid and payable
( 67,350)
( 69,500)
Retained Earnings at the Start of the Year
43,402
43,045
---------
---------
Retained Earnings at the End of the Year
87,376
43,402
---------
---------
All the activities of the company are from continuing operations.
Almond Industrial Cleaning Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed Assets
Tangible assets
6
18,026
12,347
Current Assets
Debtors
7
26,710
24,918
Cash at bank and in hand
87,873
48,471
-----------
---------
114,583
73,389
Creditors: amounts falling due within one year
8
45,133
38,642
-----------
---------
Net Current Assets
69,450
34,747
---------
---------
Total Assets Less Current Liabilities
87,476
47,094
Creditors: amounts falling due after more than one year
9
3,592
---------
---------
Net Assets
87,476
43,502
---------
---------
Capital and Reserves
Called up share capital
100
100
Profit and loss account
87,376
43,402
---------
---------
Shareholders Funds
87,476
43,502
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Almond Industrial Cleaning Limited
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 27 February 2023 , and are signed on behalf of the board by:
Mr A Britton
Director
Company registration number: 11758526
Almond Industrial Cleaning Limited
Notes to the Financial Statements
Year Ended 31 January 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Waddington Drive, Snaith, Goole, DN14 9FA, United Kingdom.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance Leases and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Profit Before Taxation
Profit before taxation is stated after charging:
2023
2022
£
£
Depreciation of tangible assets
7,258
4,740
--------
--------
6. Tangible Assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 February 2022
15,283
7,500
22,783
Additions
12,937
12,937
---------
---------
---------
At 31 January 2023
15,283
20,437
35,720
---------
---------
---------
Depreciation
At 1 February 2022
6,686
3,750
10,436
Charge for the year
2,149
5,109
7,258
---------
---------
---------
At 31 January 2023
8,835
8,859
17,694
---------
---------
---------
Carrying amount
At 31 January 2023
6,448
11,578
18,026
---------
---------
---------
At 31 January 2022
8,597
3,750
12,347
---------
---------
---------
7. Debtors
2023
2022
£
£
Trade debtors
26,710
24,918
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
24,782
17,498
Social security and other taxes
15,541
16,892
Other creditors
4,810
4,252
---------
---------
45,133
38,642
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
3,592
-----
--------
10. Director's Advances, Credits and Guarantees
During the year the directors provided a loan to the company of £624.00 (2022 £312.00). The loan is interest free and is repayable on demand.
11. Related Party Transactions
There were no related party transactions during the year.