Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31true2022-06-01falsecontract cleaning345335trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02124961 2022-06-01 2023-05-31 02124961 2021-06-01 2022-05-31 02124961 2023-05-31 02124961 2022-05-31 02124961 2021-06-01 02124961 c:Director1 2022-06-01 2023-05-31 02124961 d:PlantMachinery 2022-06-01 2023-05-31 02124961 d:PlantMachinery 2023-05-31 02124961 d:PlantMachinery 2022-05-31 02124961 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02124961 d:MotorVehicles 2022-06-01 2023-05-31 02124961 d:MotorVehicles 2023-05-31 02124961 d:MotorVehicles 2022-05-31 02124961 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02124961 d:FurnitureFittings 2022-06-01 2023-05-31 02124961 d:FurnitureFittings 2023-05-31 02124961 d:FurnitureFittings 2022-05-31 02124961 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02124961 d:ComputerEquipment 2022-06-01 2023-05-31 02124961 d:ComputerEquipment 2023-05-31 02124961 d:ComputerEquipment 2022-05-31 02124961 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02124961 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02124961 d:Goodwill 2022-06-01 2023-05-31 02124961 d:Goodwill 2023-05-31 02124961 d:Goodwill 2022-05-31 02124961 d:CurrentFinancialInstruments 2023-05-31 02124961 d:CurrentFinancialInstruments 2022-05-31 02124961 d:Non-currentFinancialInstruments 2023-05-31 02124961 d:Non-currentFinancialInstruments 2022-05-31 02124961 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 02124961 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 02124961 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 02124961 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 02124961 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 02124961 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 02124961 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 02124961 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 02124961 d:ShareCapital 2023-05-31 02124961 d:ShareCapital 2022-05-31 02124961 d:ShareCapital 2021-06-01 02124961 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 02124961 d:RetainedEarningsAccumulatedLosses 2023-05-31 02124961 d:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 02124961 d:RetainedEarningsAccumulatedLosses 2022-05-31 02124961 d:RetainedEarningsAccumulatedLosses 2021-06-01 02124961 c:FRS102 2022-06-01 2023-05-31 02124961 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 02124961 c:FullAccounts 2022-06-01 2023-05-31 02124961 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 02124961 2 2022-06-01 2023-05-31 02124961 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 02124961 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 02124961 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-31 02124961 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-05-31 02124961 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 02124961










ADVANCED CLEANING TECHNOLOGY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
ADVANCED CLEANING TECHNOLOGY LTD
REGISTERED NUMBER:02124961

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
130,049
121,731

  
130,049
121,731

Current assets
  

Stocks
 6 
2,500
2,500

Debtors: amounts falling due after more than one year
 7 
2,083
2,083

Debtors: amounts falling due within one year
 7 
1,872,197
2,209,887

Cash at bank and in hand
 8 
1,040,989
925,519

  
2,917,769
3,139,989

Creditors: amounts falling due within one year
 9 
(1,331,565)
(1,547,565)

Net current assets
  
 
 
1,586,204
 
 
1,592,424

Total assets less current liabilities
  
1,716,253
1,714,155

Creditors: amounts falling due after more than one year
 10 
(297,787)
(411,667)

Provisions for liabilities
  

Deferred tax
 12 
(32,513)
(30,432)

  
 
 
(32,513)
 
 
(30,432)

Net assets
  
1,385,953
1,272,056


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
1,335,953
1,222,056

  
1,385,953
1,272,056


Page 1

 
ADVANCED CLEANING TECHNOLOGY LTD
REGISTERED NUMBER:02124961
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider 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 directors acknowledge their 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 profit and loss account 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 by: 




C J Broadley
Director

Date: 26 January 2024

The notes on pages 4 to 13 form part of these financial statements.

Page 2

 
ADVANCED CLEANING TECHNOLOGY LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 June 2021
50,000
1,056,231
1,106,231



Profit for the year
-
485,665
485,665

Dividends: Equity capital
-
(319,840)
(319,840)



At 1 June 2022
50,000
1,222,056
1,272,056



Profit for the year
-
433,737
433,737

Dividends: Equity capital
-
(319,840)
(319,840)


At 31 May 2023
50,000
1,335,953
1,385,953


The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Advanced Cleaning Technology Limited is a private limited company incorporated in the UK  and registered in England and Wales, registration number 02124961. The registered office is The Barn, Fordham House Estate, Newmarket Road, Fordham, Cambridgeshire, CB7 5LL.

2.Accounting policies

 
2.1

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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors' have reviewed the forecasts prepared, and consider that the company has the ability to fulful its financial obligations for a period of at least twelve months from the date of these financial statements; and therefore consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

Intangible assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life. 

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

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Fixtures and fittings
-
15%
Reducing Balance
Computer 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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

Page 5

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 6

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.10

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.

 
2.11

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 Profit and Loss Account in the same period as the related expenditure.

 
2.12

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.

 
2.13

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.

Page 7

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.14

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.15

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.16

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.17

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 balance sheet 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 balance sheet 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 balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 345 (2022 - 335).

Page 8

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Intangible assets




Goodwill

£





At 1 June 2022
393,000


Disposals
(393,000)



At 31 May 2023

-





At 1 June 2022
393,000


On disposals
(393,000)



At 31 May 2023

-



Net book value



At 31 May 2023
-



At 31 May 2022
-



Page 9

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2022
113,375
145,356
1,838
26,523
287,092


Additions
48,252
-
-
669
48,921


Disposals
-
(28,847)
-
-
(28,847)



At 31 May 2023

161,627
116,509
1,838
27,192
307,166



Depreciation


At 1 June 2022
52,270
97,795
1,540
13,756
165,361


Charge for the year on owned assets
22,960
11,555
45
3,295
37,855


Disposals
-
(26,099)
-
-
(26,099)



At 31 May 2023

75,230
83,251
1,585
17,051
177,117



Net book value



At 31 May 2023
86,397
33,258
253
10,141
130,049



At 31 May 2022
61,105
47,561
298
12,767
121,731

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
28,710
-


6.


Stocks

2023
2022
£
£

Stock
2,500
2,500


Page 10

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtor
2,083
2,083


2023
2022
£
£

Due within one year

Trade debtors
838,670
865,932

Amounts owed by group undertakings
919,818
920,376

Other debtors
34,537
359,786

Prepayments and accrued income
79,172
63,793

1,872,197
2,209,887



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,040,989
925,519



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
130,000
130,000

Trade creditors
774,470
977,721

Corporation tax
97,347
111,736

Other taxation and social security
171,228
136,634

Obligations under finance lease and hire purchase contracts
11,054
-

Other creditors
45,213
105,732

Accruals and deferred income
102,253
85,742

1,331,565
1,547,565


Page 11

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
281,667
411,667

Net obligations under finance leases and hire purchase contracts
16,120
-

297,787
411,667



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
130,000
130,000

Amounts falling due 1-2 years

Bank loans
130,000
130,000

Amounts falling due 2-5 years

Bank loans
151,667
281,667


411,667
541,667


Page 12

 
ADVANCED CLEANING TECHNOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

12.


Deferred taxation




2023


£






At beginning of year
(30,433)


Charged to profit or loss
(2,080)



At end of year
(32,513)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(32,513)
(30,432)


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £161,994 (2022: £131,800). Contributions totalling £38,275 (2022: £76,884) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 13