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REGISTERED NUMBER: 09201159 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

DOWNLEY LAUNDRETTE LTD

DOWNLEY LAUNDRETTE LTD (REGISTERED NUMBER: 09201159)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOWNLEY LAUNDRETTE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: W Bright
Mrs M H Bright
D Bright





REGISTERED OFFICE: Windy Ridge
Latchford Lane
Great Haseley
Oxfordshire
OX44 7LA





REGISTERED NUMBER: 09201159 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

DOWNLEY LAUNDRETTE LTD (REGISTERED NUMBER: 09201159)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,604 13,255
10,604 13,255

CURRENT ASSETS
Debtors 6 5,601 5,836
Cash at bank and in hand 24,310 10,318
29,911 16,154
CREDITORS
Amounts falling due within one year 7 76,852 80,243
NET CURRENT LIABILITIES (46,941 ) (64,089 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,337

)

(50,834

)

CAPITAL AND RESERVES
Called up share capital 240 240
Retained earnings (36,577 ) (51,074 )
SHAREHOLDERS' FUNDS (36,337 ) (50,834 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DOWNLEY LAUNDRETTE LTD (REGISTERED NUMBER: 09201159)

BALANCE SHEET - continued
30TH SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd April 2024 and were signed on its behalf by:





D A Bright - Director


DOWNLEY LAUNDRETTE LTD (REGISTERED NUMBER: 09201159)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Downley Laundrette Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 30th September 2017 are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The date of transition is 1st October 2015. In preparing these accounts, the directors have considered whether in applying the accounting policies required by FRS 102 Section 1A "Small Entities" a restatement of comparative items was needed and restatements were not required. There was no effect of transition from the previous reporting framework to FRS 102 Section 1A "Small Entities" that needs to be reported.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Business acquisition costs
Business acquisition costs relating to the acquisition in 2015, are being amortised evenly in line with goodwill costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DOWNLEY LAUNDRETTE LTD (REGISTERED NUMBER: 09201159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Business
acquisition
Goodwill costs Totals
£    £    £   
COST
At 1st October 2022
and 30th September 2023 47,000 7,017 54,017
AMORTISATION
At 1st October 2022
and 30th September 2023 47,000 7,017 54,017
NET BOOK VALUE
At 30th September 2023 - - -
At 30th September 2022 - - -

DOWNLEY LAUNDRETTE LTD (REGISTERED NUMBER: 09201159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures,
Short fittings
leasehold & equipment Totals
£    £    £   
COST
At 1st October 2022
and 30th September 2023 1 57,346 57,347
DEPRECIATION
At 1st October 2022 - 44,092 44,092
Charge for year - 2,651 2,651
At 30th September 2023 - 46,743 46,743
NET BOOK VALUE
At 30th September 2023 1 10,603 10,604
At 30th September 2022 1 13,254 13,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,250 4,250
Directors' current accounts 690 342
Prepayments 661 1,244
5,601 5,836

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,108 663
Social security and other taxes 192 28
Directors' loan accounts 73,392 77,392
Accrued expenses 2,160 2,160
76,852 80,243

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £27,627.60 (2022: £36,128.40).

DOWNLEY LAUNDRETTE LTD (REGISTERED NUMBER: 09201159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2023 and 30th September 2022:

2023 2022
£    £   
D Bright
Balance outstanding at start of year 342 -
Amounts advanced 348 342
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 690 342