Registered number
05072988
PRESTIGE CLEANING CONTRACTORS LTD
Filleted Accounts
31 March 2023
Registered number: 05072988
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 8,800 13,600
Tangible assets 4 1,228 2,540
10,028 16,140
Current assets
Stocks 100 100
Debtors 5 27,824 27,698
Cash at bank and in hand - 62,528
27,924 90,326
Creditors: amounts falling due within one year 6 (28,967) (34,452)
Net current (liabilities)/assets (1,043) 55,874
Total assets less current liabilities 8,985 72,014
Creditors: amounts falling due after more than one year 7 (12,388) (73,905)
Net liabilities (3,403) (1,891)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (4,403) (2,891)
Shareholders' funds (3,403) (1,891)
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.
N P Davis
Director
Approved by the board on 13 March 2024
PRESTIGE CLEANING CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 March 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill is being amortised at 5% per annum on cost.
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 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 20% per annum on cost
Motor vehicles 10% per annum on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 recognised at transaction price including any transaction costs 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 iecognised at transaction price net of any transaction costs.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 96,000
At 31 March 2023 96,000
Amortisation
At 1 April 2022 82,400
Provided during the year 4,800
At 31 March 2023 87,200
Net book value
At 31 March 2023 8,800
At 31 March 2022 13,600
4 Tangible fixed assets
Fixture, tools & equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2022 13,198 12,609 25,807
At 31 March 2023 13,198 12,609 25,807
Depreciation
At 1 April 2022 11,379 11,888 23,267
Charge for the year 951 361 1,312
At 31 March 2023 12,330 12,249 24,579
Net book value
At 31 March 2023 868 360 1,228
At 31 March 2022 1,819 721 2,540
5 Debtors 2023 2022
£ £
Trade debtors 25,495 25,313
Prepayments 2,329 2,385
27,824 27,698
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,492 8,613
Taxation and social security costs 17,675 19,002
Accruals 2,800 5,200
Other creditors - 1,637
28,967 34,452
7 Creditors: amounts falling due after one year 2023 2022
£ £
Directors and shareholders' loans 1,766 23,905
Bank loans and overdrafts 10,622 50,000
12,388 73,905
8 Other information
PRESTIGE CLEANING CONTRACTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
128A Evington Road
Leicester
LE2 1HL
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