2 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 34,942 34,942 34,909 34,909 33 xbrli:pure xbrli:shares iso4217:GBP 01493211 2022-07-01 2023-10-02 01493211 2023-10-02 01493211 2022-06-30 01493211 2021-07-01 2022-06-30 01493211 2022-06-30 01493211 core:PlantMachinery 2022-07-01 2023-10-02 01493211 bus:OrdinaryShareClass1 2022-07-01 2023-10-02 01493211 bus:Director2 2022-07-01 2023-10-02 01493211 core:PlantMachinery 2022-06-30 01493211 core:WithinOneYear 2023-10-02 01493211 core:WithinOneYear 2022-06-30 01493211 core:ShareCapital 2023-10-02 01493211 core:ShareCapital 2022-06-30 01493211 core:RetainedEarningsAccumulatedLosses 2023-10-02 01493211 core:RetainedEarningsAccumulatedLosses 2022-06-30 01493211 core:PlantMachinery 2022-06-30 01493211 bus:SmallEntities 2022-07-01 2023-10-02 01493211 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-10-02 01493211 bus:FullAccounts 2022-07-01 2023-10-02 01493211 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-10-02 01493211 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-10-02 01493211 bus:OrdinaryShareClass1 2023-10-02 01493211 bus:OrdinaryShareClass1 2022-06-30
COMPANY REGISTRATION NUMBER: 01493211
ABBEY DRY CLEANERS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
2 October 2023
ABBEY DRY CLEANERS LIMITED
STATEMENT OF FINANCIAL POSITION
2 October 2023
2 Oct 23
30 Jun 22
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
33
CURRENT ASSETS
Stocks
95
Cash at bank and in hand
329
2,650
----
-------
329
2,745
CREDITORS: amounts falling due within one year
6
11,846
12,585
--------
--------
NET CURRENT LIABILITIES
11,517
9,840
--------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 11,517)
( 9,807)
--------
-------
NET LIABILITIES
( 11,517)
( 9,807)
--------
-------
CAPITAL AND RESERVES
Called up share capital
7
100
100
Profit and loss account
( 11,617)
( 9,907)
--------
-------
SHAREHOLDERS DEFICIT
( 11,517)
( 9,807)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 2 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ABBEY DRY CLEANERS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
2 October 2023
These financial statements were approved by the board of directors and authorised for issue on 2 April 2024 , and are signed on behalf of the board by:
Mrs J Shakespeare-Taylor
Director
Company registration number: 01493211
ABBEY DRY CLEANERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Period from 1 July 2022 to 2 October 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England. The address of the registered office is Windsor Cottage, Whittington, Kinver, Stourbridge, DY7 6NS. The company trades from premises at 16 Abbey Road, Gornal Wood, Dudley, DY3 2PQ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover is measured at the fair value of the consideration received and represents amounts received for dry cleaning services rendered in the year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which the grant becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 July 2022
34,942
Disposals
( 34,942)
--------
At 2 October 2023
--------
Depreciation
At 1 July 2022
34,909
Disposals
( 34,909)
--------
At 2 October 2023
--------
Carrying amount
At 2 October 2023
--------
At 30 June 2022
33
--------
6. CREDITORS: amounts falling due within one year
2 Oct 23
30 Jun 22
£
£
Trade creditors
8,000
Social security and other taxes
358
Other creditors
11,846
4,227
--------
--------
11,846
12,585
--------
--------
7. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2 Oct 23
30 Jun 22
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. GOING CONCERN
The company ceased to trade on 2 October 2023.