S & S Contract Cleaning Services Limited 01547189 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of cleaning contractors Digita Accounts Production Advanced 6.30.9574.0 true true 01547189 2022-03-01 2023-02-28 01547189 2023-02-28 01547189 core:RetainedEarningsAccumulatedLosses 2023-02-28 01547189 core:ShareCapital 2023-02-28 01547189 core:CurrentFinancialInstruments 2023-02-28 01547189 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 01547189 core:FurnitureFittingsToolsEquipment 2023-02-28 01547189 core:LandBuildings 2023-02-28 01547189 core:MotorVehicles 2023-02-28 01547189 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-28 01547189 bus:SmallEntities 2022-03-01 2023-02-28 01547189 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 01547189 bus:FullAccounts 2022-03-01 2023-02-28 01547189 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 01547189 bus:RegisteredOffice 2022-03-01 2023-02-28 01547189 bus:Director1 2022-03-01 2023-02-28 01547189 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 01547189 core:ComputerEquipment 2022-03-01 2023-02-28 01547189 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 01547189 core:LandBuildings 2022-03-01 2023-02-28 01547189 core:MotorVehicles 2022-03-01 2023-02-28 01547189 countries:England 2022-03-01 2023-02-28 01547189 2022-02-28 01547189 core:FurnitureFittingsToolsEquipment 2022-02-28 01547189 core:LandBuildings 2022-02-28 01547189 core:MotorVehicles 2022-02-28 01547189 2021-03-01 2022-02-28 01547189 2022-02-28 01547189 core:RetainedEarningsAccumulatedLosses 2022-02-28 01547189 core:ShareCapital 2022-02-28 01547189 core:CurrentFinancialInstruments 2022-02-28 01547189 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 01547189 core:FurnitureFittingsToolsEquipment 2022-02-28 01547189 core:LandBuildings 2022-02-28 01547189 core:MotorVehicles 2022-02-28 01547189 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 01547189

S & S Contract Cleaning Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

S & S Contract Cleaning Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

S & S Contract Cleaning Services Limited

(Registration number: 01547189)
Balance Sheet as at 28 February 2023

Note

2023
 £

2022
 £

Fixed assets

 

Tangible assets

5

292

345

Current assets

 

Debtors

6

8,556

6,231

Cash at bank and in hand

 

4,082

4,626

 

12,638

10,857

Creditors: Amounts falling due within one year

7

(21,913)

(19,016)

Net current liabilities

 

(9,275)

(8,159)

Net liabilities

 

(8,983)

(7,814)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(9,083)

(7,914)

Total equity

 

(8,983)

(7,814)

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 November 2023 and signed on its behalf by:
 


 

MF Snell

Director

 

S & S Contract Cleaning Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/O McBrides Accountants LLP
Nexus House
2 Cray Road
Sidcup
Kent
DA14 5DA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including section 1A of Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' FRS 102 1A, and with the Companies Act 2006.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

 

S & S Contract Cleaning Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current corporation 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 taxable income.

Tangible assets

Tangible assets is stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

2% straight line

Fixtures, fittings & equipment

15% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

15% reducing balance

 

S & S Contract Cleaning Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

 Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

 Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

S & S Contract Cleaning Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2022 - 6).

 

S & S Contract Cleaning Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
 £

2022
 £

Depreciation expense

53

62

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2022

4,835

18,452

12,065

35,352

At 28 February 2023

4,835

18,452

12,065

35,352

Depreciation

At 1 March 2022

4,835

18,357

11,815

35,007

Charge for the year

-

15

38

53

At 28 February 2023

4,835

18,372

11,853

35,060

Carrying amount

At 28 February 2023

-

80

212

292

At 28 February 2022

-

95

250

345

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings.
 

6

Debtors

Current

2023
£

2022
£

Trade debtors

8,192

5,867

Prepayments

364

364

 

8,556

6,231

 

S & S Contract Cleaning Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

7

Creditors

2023
 £

2022
 £

Due within one year

 

Other taxation and social security

 

1,929

1,463

Other creditors

 

19,984

17,553

 

21,913

19,016

8

Related party transactions

Expenditure with and payables to related parties

2023

Key management
£

Amounts payable to related party

13,625

2022

Key management
£

Amounts payable to related party

10,906