SW Window Cleaning Ltd
Registered number: 14172168
Statement of Financial Position
as at 30 June 2023
Notes 2023
£
Fixed assets
Intangible assets 3 3,360
Tangible assets 4 1,239
4,599
Current assets
Debtors 5 7,974
Cash at bank and in hand 394
8,368
Creditors: amounts falling due within one year 6 (11,554)
Net current liabilities (3,186)
Total assets less current liabilities 1,413
Provisions for liabilities (235)
Net assets 1,178
Capital and reserves
Called up share capital 100
Profit and loss account 1,078
Shareholders' funds 1,178
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 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.
Mr S Wilson
Director
Approved by the board on 14 March 2024
SW Window Cleaning Ltd
Notes to the Accounts
for the period from 14 June 2022 to 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 rendering of services. 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:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction 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. 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 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.
2 Employees and directors 2023
Number
Average number of directors and persons employed by the company 5
3 Intangible fixed assets £
Goodwill:
Cost
Additions 4,200
At 30 June 2023 4,200
Amortisation
Provided during the period 840
At 30 June 2023 840
Net book value
At 30 June 2023 3,360
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
£
Cost
Additions 1,652
At 30 June 2023 1,652
Depreciation
Charge for the period 413
At 30 June 2023 413
Net book value
At 30 June 2023 1,239
5 Debtors 2023
£
Trade debtors 276
Other debtors 7,698
7,974
6 Creditors: amounts falling due within one year 2023
£
Trade creditors 694
Accruals 800
Corporation tax 162
Other taxes and social security costs 9,898
11,554
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr S Wilson
Repayable on demand - 3,849 - 3,849
Mrs S Wilson
Repayable on demand - 3,849 - 3,849
- 7,698 - 7,698
8 Other information
SW Window Cleaning Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Mons Road
Lincolnshire
Lincolnshire
LN1 3UD
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