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REGISTERED NUMBER: 01919174 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CAPITAL CLEANING (KENT) LIMITED

CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL CLEANING (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs S M Wentzell
A J Wentzell
S S B Wentzell
S J R Wentzell





SECRETARY: Mrs S M Wentzell





REGISTERED OFFICE: Paragon House
St Michaels Close
Aylesford
Kent
ME20 7BU





REGISTERED NUMBER: 01919174 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 159,087 190,905
Tangible assets 5 264,692 168,452
423,779 359,357

CURRENT ASSETS
Stocks 6 411,422 401,278
Debtors 7 1,799,559 1,599,117
Cash at bank and in hand 514,490 535,146
2,725,471 2,535,541
CREDITORS
Amounts falling due within one year 8 1,261,071 1,039,301
NET CURRENT ASSETS 1,464,400 1,496,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,888,179

1,855,597

CREDITORS
Amounts falling due after more than one
year

9

(69,087

)

(28,333

)

PROVISIONS FOR LIABILITIES 10 (65,394 ) (29,722 )
NET ASSETS 1,753,698 1,797,542

CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

BALANCE SHEET - continued
31 JULY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 12 1,753,498 1,797,342
SHAREHOLDERS' FUNDS 1,753,698 1,797,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 22 December 2023 and were signed on its behalf by:





S J R Wentzell - Director


CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Capital Cleaning (Kent) Limited 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill arose on the purchase of Capco Investments Limited in 2006. Then in 2009, Capital Cleaning (Kent) Limited acquired the trade of two other company's. These have been fully amortised over 5 years.

In 2018 Capital Cleaning (Kent) Limited acquired the trade of two other company's. All goodwill is to be amortised on a straight line basis over a period of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Website costs - 33% per annum on cost
Plant and machinery - 25% per annum on reducing balance
Fixtures and fittings - 25% per annum on reducing balance
Motor vehicles - 25% per annum on cost
Computer equipment - 25% per annum on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 487,555
AMORTISATION
At 1 August 2022 296,650
Charge for year 31,818
At 31 July 2023 328,468
NET BOOK VALUE
At 31 July 2023 159,087
At 31 July 2022 190,905

CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Website Plant and and
costs machinery fittings
£    £    £   
COST
At 1 August 2022 17,854 72,061 119,254
Additions 51,290 17,618 233
Disposals (17,854 ) - -
At 31 July 2023 51,290 89,679 119,487
DEPRECIATION
At 1 August 2022 17,659 37,962 111,215
Charge for year 195 9,917 2,020
Eliminated on disposal (17,854 ) - -
At 31 July 2023 - 47,879 113,235
NET BOOK VALUE
At 31 July 2023 51,290 41,800 6,252
At 31 July 2022 195 34,099 8,039

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 203,537 91,834 504,540
Additions 90,118 3,114 162,373
Disposals (20,531 ) - (38,385 )
At 31 July 2023 273,124 94,948 628,528
DEPRECIATION
At 1 August 2022 106,404 62,848 336,088
Charge for year 46,351 7,650 66,133
Eliminated on disposal (20,531 ) - (38,385 )
At 31 July 2023 132,224 70,498 363,836
NET BOOK VALUE
At 31 July 2023 140,900 24,450 264,692
At 31 July 2022 97,133 28,986 168,452

CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 40,583
Additions 89,452
At 31 July 2023 130,035
DEPRECIATION
At 1 August 2022 27,845
Charge for year 17,151
At 31 July 2023 44,996
NET BOOK VALUE
At 31 July 2023 85,039
At 31 July 2022 12,738

6. STOCKS
2023 2022
£    £   
Stocks 411,422 401,278

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 846,110 653,358
Amounts owed by group undertakings 886,868 886,868
Prepayments 66,581 58,891
1,799,559 1,599,117

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 26,494 875
Trade creditors 984,430 825,391
Taxation and social security 234,447 197,195
Other creditors 5,700 5,840
1,261,071 1,039,301

CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 50,754 -
69,087 28,333

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 65,394 29,722

Deferred
tax
£   
Balance at 1 August 2022 29,722
Provided during year 35,672
Balance at 31 July 2023 65,394

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

12. RESERVES
Retained
earnings
£   

At 1 August 2022 1,797,342
Profit for the year 456,656
Dividends (500,500 )
At 31 July 2023 1,753,498

CAPITAL CLEANING (KENT) LIMITED (REGISTERED NUMBER: 01919174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

13. RELATED PARTY DISCLOSURES

The directors of the company are also directors of Capco Investments Limited.

At the balance sheet date the company was owed £765,349 (2022: £765,349) by Capco Investments Limited by way of an inter-company balance.

At the balance sheet date the company was owed £121,519 (2022: £121,519) by Paragon Properties Kent Limited by way of an inter-company balance.

The company paid total dividends of £500,500 to Shareholders.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is deemed to be equally SJR Wentzell, SSB Wentzell and AJW Wentzell by virtue of their equal shareholdings in the company's parent company, Capco Investments Limited, a company registered in England and Wales. Capco Investments Limited holds 100% of the share capital of the company.