Registered number
12094232
Oliver James - Window Cleaner Ltd
Filleted Accounts
31 July 2023
Oliver James - Window Cleaner Ltd
Registered number: 12094232
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 300 600
Tangible assets 4 42,763 61,138
43,063 61,738
Current assets
Debtors 5 9,406 9,141
Cash at bank and in hand 20,115 24,502
29,521 33,643
Creditors: amounts falling due within one year 6 (32,867) (41,890)
Net current liabilities (3,346) (8,247)
Total assets less current liabilities 39,717 53,491
Creditors: amounts falling due after more than one year 7 (39,209) (59,626)
Net assets/(liabilities) 508 (6,135)
Capital and reserves
Called up share capital 100 100
Profit and loss account 408 (6,235)
Shareholder's funds 508 (6,135)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
O J Metherell
Director
Approved by the board on 13 February 2024
Oliver James - Window Cleaner Ltd
Notes to the Accounts
for the year ended 31 July 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
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.
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 5 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 1,500
At 31 July 2023 1,500
Amortisation
At 1 August 2022 900
Provided during the year 300
At 31 July 2023 1,200
Net book value
At 31 July 2023 300
At 31 July 2022 600
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 8,761 92,487 101,248
Additions 999 1,345 2,344
At 31 July 2023 9,760 93,832 103,592
Depreciation
At 1 August 2022 4,892 35,218 40,110
Charge for the year 1,953 18,766 20,719
At 31 July 2023 6,845 53,984 60,829
Net book value
At 31 July 2023 2,915 39,848 42,763
At 31 July 2022 3,869 57,269 61,138
5 Debtors 2023 2022
£ £
Other debtors 9,406 9,141
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,171 3,173
Obligations under finance lease and hire purchase contracts 17,247 17,247
Taxation and social security costs 10,412 10,687
Other creditors 2,037 10,783
32,867 41,890
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,500 21,670
Obligations under finance lease and hire purchase contracts 20,709 37,956
39,209 59,626
8 Controlling party
The company considers the director to be its controlling party.
9 Other information
Oliver James - Window Cleaner Ltd is a private company limited by shares and incorporated in England. Its registered office is:
89 Weymoor Road
Birmingham
B17 0RS
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