Company Registration Number 00993117 (England and Wales)
HANDS (CLEANERS) LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
HANDS (CLEANERS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
HANDS (CLEANERS) LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
236,940
151,167
Current assets
Debtors
4
394,709
304,744
Cash at bank and in hand
890,792
867,050
1,285,501
1,171,794
Creditors: amounts falling due within one year
5
(732,390)
(614,528)
Net current assets
553,111
557,266
Total assets less current liabilities
790,051
708,433
Provisions for liabilities
(17,123)
(14,607)
Net assets
772,928
693,826
Capital and reserves
Called up share capital
6
20,119
20,139
Capital redemption reserve
49
49
Profit and loss reserves
752,760
673,638
Total equity
772,928
693,826

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

HANDS (CLEANERS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 December 2023 and are signed on its behalf by:
W S Hargrave
Director
Company Registration No. 00993117
HANDS (CLEANERS) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 November 2021
20,139
49
661,274
681,462
Year ended 31 October 2022:
Profit and total comprehensive income for the year
-
-
199,164
199,164
Dividends
-
-
(186,800)
(186,800)
Balance at 31 October 2022
20,139
49
673,638
693,826
Year ended 31 October 2023:
Profit and total comprehensive income for the year
-
-
94,722
94,722
Dividends
-
-
(15,600)
(15,600)
Reduction of shares
6
(20)
-
-
0
(20)
Balance at 31 October 2023
20,119
49
752,760
772,928
HANDS (CLEANERS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
1
Accounting policies
Company information

Hands (Cleaners) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30A Gelders Hall Road, Shepshed, Leicestershire, LE12 9NH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. Turnover comprises the provision of cleaning services and is recognised on an invoice basis.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Alterations to leasehold
Straight line over the life of the lease
Computer, fixtures & fittings
Straight line 15% and 25% per annum of cost
Motor vehicles
33% per annum of net book value
1.4
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HANDS (CLEANERS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.6
Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
333
322
HANDS (CLEANERS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2022
15,634
402,595
418,229
Additions
19,470
134,462
153,932
Disposals
-
0
(41,820)
(41,820)
At 31 October 2023
35,104
495,237
530,341
Depreciation and impairment
At 1 November 2022
15,089
251,973
267,062
Depreciation charged in the year
1,845
63,583
65,428
Eliminated in respect of disposals
-
0
(39,089)
(39,089)
At 31 October 2023
16,934
276,467
293,401
Carrying amount
At 31 October 2023
18,170
218,770
236,940
At 31 October 2022
545
150,622
151,167
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
324,003
247,179
Other debtors
4,066
2,435
Prepayments and accrued income
66,640
55,130
394,709
304,744
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
95,998
78,330
Corporation tax
29,269
40,963
Other taxation and social security
195,452
181,305
Other creditors
278,165
221,053
Accruals and deferred income
133,506
92,877
732,390
614,528
HANDS (CLEANERS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 7 -
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary 'A' shares of £1 each
20,000
20,000
20,000
20,000
Ordinary 'B' shares of £1 each
72
72
72
72
Ordinary 'Employee A' of £1 each
40
60
40
60
Ordinary 'Employee B' of £1 each
7
7
7
7
20,119
20,139
20,119
20,139
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
8,300
24,900
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