Registered number
11353430
Sparkles Cleaning Services Wales & West Limited
Filleted Accounts
31 May 2023
Sparkles Cleaning Services Wales & West Limited
Registered number: 11353430
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,183 593
Current assets
Stocks 500 500
Debtors 4 62,002 106,469
Cash at bank and in hand 126,195 67,740
188,697 174,709
Creditors: amounts falling due within one year 5 (70,486) (77,496)
Net current assets 118,211 97,213
Total assets less current liabilities 119,394 97,806
Creditors: amounts falling due after more than one year 6 (3,027) (12,285)
Provisions for liabilities (225) (112)
Net assets 116,142 85,409
Capital and reserves
Called up share capital 100 100
Profit and loss account 116,042 85,309
Shareholders' funds 116,142 85,409
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Ceri Anne Jennings
Director
Approved by the board on 8 February 2024
Sparkles Cleaning Services Wales & West Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 46 48
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 1,011
Additions 898
At 31 May 2023 1,909
Depreciation
At 1 June 2022 418
Charge for the year 308
At 31 May 2023 726
Net book value
At 31 May 2023 1,183
At 31 May 2022 593
4 Debtors 2023 2022
£ £
Trade debtors 57,964 105,702
Other debtors 4,038 767
62,002 106,469
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 5,434
Taxation and social security costs 61,271 63,726
Directors Account 9,215 8,336
70,486 77,496
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 3,027 12,285
7 Controlling party
The ultimate controlling party during the period: Ceri Anne Jennings, David Canning, Owen Jones
& Simon Pickthall.
Ceri Anne Jennings, David Canning, Owen Jones all hold 27% & Simon Pickthall holds 19%of the
issued share capital and are deemed the ultimate controlling parties
8 Other information
Sparkles Cleaning Services Wales & West Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
Tramshed Tech Goodsheds
Unit 3
Goodsheds Lofts
Hood Road
CF62 5QT
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