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Company Registration No. 03710694 (England and Wales)
Sovereign Cleaning Limited Unaudited accounts for the year ended 31 March 2023
Sovereign Cleaning Limited Unaudited accounts Contents
Page
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Sovereign Cleaning Limited Company Information for the year ended 31 March 2023
Directors
Mrs C Cordy Mrs S O'Neill
Company Number
03710694 (England and Wales)
Registered Office
UNIT 57 STATION ROAD WORKSHOPS STATION R KINGSWOOD BRISTOL AVON BS15 4PJ ENGLAND
Accountants
Evans Entwistle 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sovereign Cleaning Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sovereign Cleaning Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA 18 March 2023
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Sovereign Cleaning Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
3,500 
4,500 
Debtors
126,133 
97,095 
Cash at bank and in hand
41,313 
58,224 
170,946 
159,819 
Creditors: amounts falling due within one year
(22,202)
(18,825)
Net current assets
148,744 
140,994 
Total assets less current liabilities
148,744 
140,994 
Creditors: amounts falling due after more than one year
(59,088)
(55,088)
Net assets
89,656 
85,906 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
89,654 
85,904 
Shareholders' funds
89,656 
85,906 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2023 and were signed on its behalf by
Mrs C Cordy Director Company Registration No. 03710694
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Sovereign Cleaning Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Sovereign Cleaning Limited is a private company, limited by shares, registered in England and Wales, registration number 03710694. The registered office is UNIT 57 STATION ROAD WORKSHOPS STATION R, KINGSWOOD, BRISTOL, AVON, BS15 4PJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Inventories
2023 
2022 
£ 
£ 
Finished goods
3,500 
4,500 
3,500 
4,500 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
126,133 
97,095 
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Sovereign Cleaning Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,946 
11,311 
Trade creditors
1,232 
433 
Taxes and social security
5,730 
5,281 
Other creditors
1,494 
- 
Accruals
1,800 
1,800 
22,202 
18,825 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
59,088 
55,088 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 29 (2022: 29).
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