1 March 2022 v2023.30.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP111901212022-03-012023-02-28111901212023-02-28111901212022-02-2811190121core:WithinOneYear2023-02-2811190121core:WithinOneYear2022-02-2811190121core:ShareCapital2023-02-2811190121core:ShareCapital2022-02-2811190121core:RetainedEarningsAccumulatedLosses2023-02-2811190121core:RetainedEarningsAccumulatedLosses2022-02-2811190121bus:Director12022-03-012023-02-2811190121bus:RegisteredOffice2022-03-012023-02-2811190121core:MotorVehicles2022-03-012023-02-28111901212021-03-012022-02-2811190121core:PlantMachinery2023-02-2811190121core:PlantMachinery2022-03-0111190121core:PlantMachinery2022-03-012023-02-2811190121core:PlantMachinery2022-02-281119012112022-03-012023-02-2811190121countries:EnglandWales2022-03-012023-02-2811190121bus:AuditExemptWithAccountantsReport2022-03-012023-02-2811190121bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811190121bus:SmallEntities2022-03-012023-02-2811190121bus:FullAccounts2022-03-012023-02-28
Company registration number:
11190121
Poletec Cleaning Services Ltd
Unaudited Filleted Financial Statements for the year ended
28 February 2023
Poletec Cleaning Services Ltd
Statement of Financial Position
28 February 2023
20232022
Note££
Fixed assets    
Tangible assets 5
237
 
316
 
Current assets    
Debtors 6
11,849
 
13,795
 
Cash at bank and in hand
7,446
 
14,956
 
19,295
 
28,751
 
Creditors: amounts falling due within one year 7
(2,119
)
(4,950
)
Net current assets
17,176
 
23,801
 
Total assets less current liabilities 17,413   24,117  
Capital and reserves    
Called up share capital
18
 
18
 
Profit and loss account
17,395
 
24,099
 
Shareholders funds
17,413
 
24,117
 
For the 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
5 November 2023
, and are signed on behalf of the board by:
K McMullan
Director
Company registration number:
11190121
Poletec Cleaning Services Ltd
Notes to the Financial Statements
Year ended
28 February 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
20-22 Wenlock Road
,
London
,
N1 7GU
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% reducing balance

Impairment

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.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2022
and
28 February 2023
1,000
 
Depreciation  
At
1 March 2022
684
 
Charge
79
 
At
28 February 2023
763
 
Carrying amount  
At
28 February 2023
237
 
At 28 February 2022
316
 

6 Debtors

20232022
££
Trade debtors
11,308
 
13,010
 
Other debtors
541
 
785
 
11,849
 
13,795
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
907
 
3,738
 
Other creditors
1,212
 
1,212
 
2,119
 
4,950