Registered number
04991099
Industrial Deep Cleaning Ltd
Report and Accounts
31 December 2023
Industrial Deep Cleaning Ltd
Registered number: 04991099
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 125,435 138,249
Current assets
Stocks 2,500 3,500
Debtors 3 118,914 126,114
Cash at bank and in hand 96,676 141,985
218,090 271,599
Creditors: amounts falling due within one year 4 (95,618) (110,571)
Net current assets 122,472 161,028
Total assets less current liabilities 247,907 299,277
Creditors: amounts falling due after more than one year 5 (36,075) (45,718)
Provisions for liabilities (26,030) (24,020)
Net assets 185,802 229,539
Capital and reserves
Called up share capital 104 104
Profit and loss account 185,698 229,435
Shareholders' funds 185,802 229,539
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.
David Hewitt
Director
Approved by the board on 19 April 2024
Industrial Deep Cleaning Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
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.
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:
Motor vehicles 25% per annum - diminishing balance
Plant and machinery 15% per annum - diminishing balance
Office equipment 25% per annum - diminishing balance
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 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) 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.
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 16 15
3 Debtors 2023 2022
£ £
Trade debtors 111,537 123,990
Other debtors 7,377 2,124
118,914 126,114
4 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 20,651 23,326
Trade creditors 3,849 6,405
Taxation and social security costs 69,547 76,922
Other creditors 1,571 3,918
95,618 110,571
5 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 36,075 45,718
6 Other information
Industrial Deep Cleaning Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7 Kingfisher Industrial Estate
Seaham
Co. Durham
SR7 0AY
Unit 7 Kingfisher Industrial Estate
Industrial Deep Cleaning Ltd 04991099 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts October 2023 release 2 David Hewitt No description of principal activity 04991099 2022-01-01 2022-12-31 04991099 core:WithinOneYear 2022-12-31 04991099 core:AfterOneYear 2022-12-31 04991099 core:ShareCapital 2022-12-31 04991099 core:RetainedEarningsAccumulatedLosses 2022-12-31 04991099 2023-01-01 2023-12-31 04991099 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04991099 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04991099 bus:Director40 2023-01-01 2023-12-31 04991099 1 2023-01-01 2023-12-31 04991099 2 2023-01-01 2023-12-31 04991099 countries:England 2023-01-01 2023-12-31 04991099 bus:FRS102 2023-01-01 2023-12-31 04991099 bus:FullAccounts 2023-01-01 2023-12-31 04991099 2023-12-31 04991099 core:WithinOneYear 2023-12-31 04991099 core:AfterOneYear 2023-12-31 04991099 core:ShareCapital 2023-12-31 04991099 core:RetainedEarningsAccumulatedLosses 2023-12-31 04991099 2022-12-31 iso4217:GBP xbrli:pure