Caseware UK (AP4) 2022.0.179 2022.0.179 false22022-04-01General cleaning of buildings2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05773274 2022-04-01 2023-03-31 05773274 2021-04-01 2022-03-31 05773274 2023-03-31 05773274 2022-03-31 05773274 c:Director1 2022-04-01 2023-03-31 05773274 d:PlantMachinery 2022-04-01 2023-03-31 05773274 d:PlantMachinery 2023-03-31 05773274 d:PlantMachinery 2022-03-31 05773274 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05773274 d:MotorVehicles 2022-04-01 2023-03-31 05773274 d:MotorVehicles 2023-03-31 05773274 d:MotorVehicles 2022-03-31 05773274 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05773274 d:OfficeEquipment 2022-04-01 2023-03-31 05773274 d:OfficeEquipment 2023-03-31 05773274 d:OfficeEquipment 2022-03-31 05773274 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05773274 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05773274 d:Goodwill 2022-04-01 2023-03-31 05773274 d:Goodwill 2023-03-31 05773274 d:Goodwill 2022-03-31 05773274 d:CurrentFinancialInstruments 2023-03-31 05773274 d:CurrentFinancialInstruments 2022-03-31 05773274 d:Non-currentFinancialInstruments 2023-03-31 05773274 d:Non-currentFinancialInstruments 2022-03-31 05773274 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05773274 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05773274 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05773274 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 05773274 d:ShareCapital 2023-03-31 05773274 d:ShareCapital 2022-03-31 05773274 d:RetainedEarningsAccumulatedLosses 2023-03-31 05773274 d:RetainedEarningsAccumulatedLosses 2022-03-31 05773274 c:FRS102 2022-04-01 2023-03-31 05773274 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05773274 c:FullAccounts 2022-04-01 2023-03-31 05773274 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05773274 d:WithinOneYear 2023-03-31 05773274 d:WithinOneYear 2022-03-31 05773274 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05773274 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 05773274










STERLING CARPET CARE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2023

 
STERLING CARPET CARE LIMITED
Registered number: 05773274

STATEMENT OF FINANCIAL POSITION
As at 31 March 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 5 
8,954
664

  
8,954
664

Current assets
  

Debtors: amounts falling due within one year
 6 
3,437
3,080

Cash at bank and in hand
  
10,815
9,477

  
14,252
12,557

Creditors: amounts falling due within one year
 7 
(12,704)
(10,964)

Net current assets
  
 
 
1,548
 
 
1,593

Total assets less current liabilities
  
10,502
2,257

Creditors: amounts falling due after more than one year
  
(7,350)
-

Provisions for liabilities
  

Deferred tax
 10 
(1,701)
(126)

  
 
 
(1,701)
 
 
(126)

Net assets
  
1,451
2,131


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,450
2,130

  
1,451
2,131


Page 1

 
STERLING CARPET CARE LIMITED
Registered number: 05773274
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 31 March 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 8 November 2023.




G Aldridge
Director

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

Page 2

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 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 presentational currency of the Company is GBP.

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:

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

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.

Page 3

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 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

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.

 
1.7

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.

Page 4

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

1.Accounting policies (continued)

 
1.8

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:

Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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.

 
1.9

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.

 
1.10

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.

 
1.11

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.

Page 5

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

1.Accounting policies (continued)

 
1.12

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.

 
1.13

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.


General information

The company is a private company, limited by shares and registered in England.
Its registered number is: 05773274
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
20,570



At 31 March 2023

20,570



Amortisation


At 1 April 2022
20,570



At 31 March 2023

20,570



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 7

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
5,754
7,044
1,216
14,014


Additions
-
10,740
700
11,440


Disposals
-
(7,044)
-
(7,044)



At 31 March 2023

5,754
10,740
1,916
18,410



Depreciation


At 1 April 2022
5,291
6,877
1,182
13,350


Charge for the year on owned assets
116
2,685
183
2,984


Disposals
-
(6,877)
-
(6,877)



At 31 March 2023

5,407
2,685
1,365
9,457



Net book value



At 31 March 2023
347
8,055
551
8,953



At 31 March 2022
463
167
34
664


6.


Debtors

2023
2022
£
£


Trade debtors
2,515
3,080

Other debtors
922
-

3,437
3,080


Page 8

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
850
1,049

Bank loans
1,730
-

Trade creditors
2,065
3,066

Corporation tax
-
451

Other creditors
6,199
4,538

Accruals and deferred income
1,860
1,860

12,704
10,964



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
7,350
-

7,350
-


Page 9

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
1,730
-


1,730
-

Amounts falling due 1-2 years

Bank loans
1,920
-


1,920
-

Amounts falling due 2-5 years

Bank loans
5,429
-


5,429
-


9,079
-



10.


Deferred taxation




2023


£






At beginning of year
(126)


Charged to profit or loss
(1,575)



At end of year
(1,701)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,701)
(126)

(1,701)
(126)

Page 10

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

11.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
3,000
-

3,000
-


12.


Related party transactions

The amount owed to the director, Mr G Aldridge, at the reporting date is £5,441; (2022: £4,537).  The loan does not attract a rate of interest and is repayable on demand.

 
Page 11