1 April 2022 v2023.30.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP050683422022-04-012023-03-31050683422023-03-31050683422022-03-3105068342core:WithinOneYear2023-03-3105068342core:WithinOneYear2022-03-3105068342core:ShareCapital2023-03-3105068342core:ShareCapital2022-03-3105068342core:RetainedEarningsAccumulatedLosses2023-03-3105068342core:RetainedEarningsAccumulatedLosses2022-03-3105068342bus:Director12022-04-012023-03-3105068342bus:Director22022-04-012023-03-3105068342bus:RegisteredOffice2022-04-012023-03-3105068342core:NetGoodwill2022-04-012023-03-3105068342core:PlantMachinery2022-04-012023-03-3105068342core:MotorVehicles2022-04-012023-03-31050683422021-04-012022-03-3105068342core:NetGoodwill2023-03-3105068342core:NetGoodwill2022-04-0105068342core:NetGoodwill2022-03-3105068342core:PlantMachinery2022-04-0105068342core:PlantMachinery2023-03-3105068342core:PlantMachinery2022-03-310506834212022-04-012023-03-3105068342countries:EnglandWales2022-04-012023-03-3105068342bus:AuditExemptWithAccountantsReport2022-04-012023-03-3105068342bus:PrivateLimitedCompanyLtd2022-04-012023-03-3105068342bus:SmallEntities2022-04-012023-03-3105068342bus:FullAccounts2022-04-012023-03-31
Company registration number:
05068342
Simon David Cleaning Services Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Simon David Cleaning Services Limited
Statement of Financial Position
31 March 2023
20232022
Note££
Fixed assets    
Intangible assets 5
160,000
 
200,000
 
Tangible assets 6
54,811
 
76,393
 
214,811
 
276,393
 
Current assets    
Stocks
850
 
850
 
Debtors 7
103,375
 
88,917
 
Cash at bank and in hand
78,461
 
109,365
 
182,686
 
199,132
 
Creditors: amounts falling due within one year 8
(65,917
)
(69,558
)
Net current assets
116,769
 
129,574
 
Total assets less current liabilities 331,580   405,967  
Provisions for liabilities
(10,414
)
(14,515
)
Net assets
321,166
 
391,452
 
Capital and reserves    
Called up share capital
2,000
 
2,000
 
Profit and loss account
319,166
 
389,452
 
Shareholders funds
321,166
 
391,452
 
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.
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
30 November 2023
, and are signed on behalf of the board by:
S Hatherley
A Hollidge
DirectorDirector
Company registration number:
05068342
Simon David Cleaning Services Limited
Notes to the Financial Statements
Year ended
31 March 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
The Oaks, Loves Lane
,
Ashwell
,
Baldock
,
Hertfordshire
,
SG7 5HZ
, United Kingdom.

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.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset, which is 10 years from 01 April 2017.

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.
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:
Plant and machinery
20% straight line
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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.
All equity instruments are classified according to the substance of the contractual arrangements entered into.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position 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.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
33
(2022:
35.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 April 2022
and
31 March 2023
400,000
 
Amortisation  
At
1 April 2022
200,000
 
Charge
40,000
 
At
31 March 2023
240,000
 
Carrying amount  
At
31 March 2023
160,000
 
At 31 March 2022
200,000
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2022
114,885
 
Additions
29,504
 
Disposals
(45,033
)
At
31 March 2023
99,356
 
Depreciation  
At
1 April 2022
38,492
 
Charge
20,046
 
Disposals
(13,993
)
At
31 March 2023
44,545
 
Carrying amount  
At
31 March 2023
54,811
 
At 31 March 2022
76,393
 

7 Debtors

20232022
££
Trade debtors
103,375
 
88,917
 

8 Creditors: amounts falling due within one year

20232022
££
Trade creditors
3,060
 
6,698
 
Taxation and social security
55,708
 
54,776
 
Other creditors
7,149
 
8,084
 
65,917
 
69,558