Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07378625 2022-02-01 2023-01-31 07378625 2021-02-01 2022-01-31 07378625 2023-01-31 07378625 2022-01-31 07378625 c:Director1 2022-02-01 2023-01-31 07378625 d:PlantMachinery 2022-02-01 2023-01-31 07378625 d:PlantMachinery 2023-01-31 07378625 d:PlantMachinery 2022-01-31 07378625 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07378625 d:MotorVehicles 2022-02-01 2023-01-31 07378625 d:MotorVehicles 2023-01-31 07378625 d:MotorVehicles 2022-01-31 07378625 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07378625 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07378625 d:Goodwill 2023-01-31 07378625 d:Goodwill 2022-01-31 07378625 d:CurrentFinancialInstruments 2023-01-31 07378625 d:CurrentFinancialInstruments 2022-01-31 07378625 d:Non-currentFinancialInstruments 2023-01-31 07378625 d:Non-currentFinancialInstruments 2022-01-31 07378625 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07378625 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07378625 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07378625 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 07378625 d:ShareCapital 2023-01-31 07378625 d:ShareCapital 2022-01-31 07378625 d:RetainedEarningsAccumulatedLosses 2023-01-31 07378625 d:RetainedEarningsAccumulatedLosses 2022-01-31 07378625 c:FRS102 2022-02-01 2023-01-31 07378625 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 07378625 c:FullAccounts 2022-02-01 2023-01-31 07378625 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07378625 d:EntityControlledByKeyManagementPersonnel1 2022-02-01 2023-01-31 07378625 d:EntityControlledByKeyManagementPersonnel1 2021-02-01 2022-01-31 07378625 d:EntityControlledByKeyManagementPersonnel1 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 07378625










STM CLEANING LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
STM CLEANING LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
STM CLEANING LTD
REGISTERED NUMBER: 07378625

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
14,249
18,598

  
14,249
18,598

Current assets
  

Debtors: amounts falling due within one year
 6 
948,042
333,954

  
948,042
333,954

Creditors: amounts falling due within one year
 7 
(1,034,399)
(176,130)

Net current (liabilities)/assets
  
 
 
(86,357)
 
 
157,824

Total assets less current liabilities
  
(72,108)
176,422

Creditors: amounts falling due after more than one year
 8 
(23,902)
(23,902)

  

Net (liabilities)/assets
  
(96,010)
152,520


Capital and reserves
  

Called up share capital 
  
10,100
10,100

Profit and loss account
  
(106,110)
142,420

  
(96,010)
152,520


Page 1

 
STM CLEANING LTD
REGISTERED NUMBER: 07378625
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr P B Simpson
Director

Date: 6 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STM CLEANING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

STM Cleaning Ltd is a private company, limited by shares, incorporated in England and Wales, registration number 07378625. The registered office is Solar House, 1st Floor, Romford Road, London, England, E15 4LJ

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
STM CLEANING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Motor vehicles
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
STM CLEANING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 5

 
STM CLEANING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2022
58,000



At 31 January 2023

58,000



Amortisation


At 1 February 2022
58,000



At 31 January 2023

58,000



Net book value



At 31 January 2023
-



At 31 January 2022
-



Page 6

 
STM CLEANING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 February 2022
24,084
19,601
43,685


Additions
267
-
267



At 31 January 2023

24,351
19,601
43,952



Depreciation


At 1 February 2022
14,668
10,419
25,087


Charge for the year on owned assets
2,409
2,207
4,616



At 31 January 2023

17,077
12,626
29,703



Net book value



At 31 January 2023
7,274
6,975
14,249



At 31 January 2022
9,416
9,182
18,598


6.


Debtors

2023
2022
£
£


Trade debtors
728,535
126,779

Other debtors
50,689
102,064

Prepayments and accrued income
168,818
105,111

948,042
333,954


Page 7

 
STM CLEANING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
171,370
67,978

Trade creditors
557,602
97,317

Corporation tax
1,969
1,969

Accruals and deferred income
303,458
8,866

1,034,399
176,130


The bank overdraft of £171,370 (2022 - £67,978) is secured on the assets of the company.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Directors' loan account
23,902
23,902

23,902
23,902



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £25,228 (2022 - £5,073). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date.


10.


Related party transactions

During the year, STM Group (UK) Ltd, a limited liability Company of which the director, Mr P B Simpson, is a shareholder, provided services to the Company totalling £3,200,271 (2022 - £1,613,986). The company also provided services to STM Group (UK) Ltd uring the year totaling £3,200,271 (2022 - £1,613,986). As at 31 January 2023, the company was owed £373,627 by STM Group (UK) Ltd (2022 - £542). These transactions were on normal commercial terms.


11.


Controlling party

The company was under the control of  Mr P B Simpson throughout the current and prior year

Page 8