Registered number
11917289
KLC CLEANING LTD
Filleted Accounts
31 October 2023
KLC CLEANING LTD
Registered number: 11917289
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,150 -
Current assets
Debtors 4 2,761 10,782
Cash at bank and in hand 4,649 18,885
7,410 29,667
Creditors: amounts falling due within one year 5 (4,637) (4,957)
Net current assets 2,773 24,710
Total assets less current liabilities 8,923 24,710
Creditors: amounts falling due after more than one year 6 (8,217) (24,217)
Net assets 706 493
Capital and reserves
Called up share capital 100 100
Profit and loss account 606 393
Shareholder's funds 706 493
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Inan KILIC
Director
Approved by the board on 9 November 2023
KLC CLEANING LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 7,500
At 31 October 2023 7,500
Depreciation
Charge for the year 1,350
At 31 October 2023 1,350
Net book value
At 31 October 2023 6,150
4 Debtors 2023 2022
£ £
Prepayments & other debtors 2,761 10,782
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,320 1,248
Taxation and social security costs 3,317 3,709
4,637 4,957
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,217 24,217
7 Other information
KLC CLEANING LTD is a private company limited by shares and incorporated in England. Its registered office is:
C/o- Unit 4 , Kinetica
13 Ramsgate Street
London
E8 2FD
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