Spotless Commercial & Domestic Cleaning Limited 09264040 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Valeting Digita Accounts Production Advanced 6.30.9574.0 true true 09264040 2022-11-01 2023-10-31 09264040 2023-10-31 09264040 bus:Director6 2023-10-31 09264040 bus:OrdinaryShareClass1 2023-10-31 09264040 bus:OrdinaryShareClass2 2023-10-31 09264040 bus:OrdinaryShareClass3 2023-10-31 09264040 bus:OrdinaryShareClass4 2023-10-31 09264040 core:CurrentFinancialInstruments 2023-10-31 09264040 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09264040 core:Goodwill 2023-10-31 09264040 core:OtherPropertyPlantEquipment 2023-10-31 09264040 bus:SmallEntities 2022-11-01 2023-10-31 09264040 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09264040 bus:FullAccounts 2022-11-01 2023-10-31 09264040 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09264040 bus:RegisteredOffice 2022-11-01 2023-10-31 09264040 bus:CompanySecretary1 2022-11-01 2023-10-31 09264040 bus:Director3 2022-11-01 2023-10-31 09264040 bus:Director6 2022-11-01 2023-10-31 09264040 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09264040 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 09264040 bus:OrdinaryShareClass3 2022-11-01 2023-10-31 09264040 bus:OrdinaryShareClass4 2022-11-01 2023-10-31 09264040 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09264040 bus:Agent1 2022-11-01 2023-10-31 09264040 core:Goodwill 2022-11-01 2023-10-31 09264040 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 09264040 core:PlantMachinery 2022-11-01 2023-10-31 09264040 countries:England 2022-11-01 2023-10-31 09264040 2022-10-31 09264040 core:Goodwill 2022-10-31 09264040 core:OtherPropertyPlantEquipment 2022-10-31 09264040 2021-11-01 2022-10-31 09264040 2022-10-31 09264040 bus:OrdinaryShareClass1 2022-10-31 09264040 bus:OrdinaryShareClass2 2022-10-31 09264040 bus:OrdinaryShareClass3 2022-10-31 09264040 bus:OrdinaryShareClass4 2022-10-31 09264040 core:CurrentFinancialInstruments 2022-10-31 09264040 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 09264040 core:OtherPropertyPlantEquipment 2022-10-31 09264040 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09264040

Spotless Commercial & Domestic Cleaning Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Spotless Commercial & Domestic Cleaning Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 11

 

Spotless Commercial & Domestic Cleaning Limited

Company Information

Director

Mr Michael William Goldsworthy

Company secretary

Welch Company Services Limited

Registered office

2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

Accountants

Welch & Co (South West) Limited
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

 

Spotless Commercial & Domestic Cleaning Limited

Director's Report for the Year Ended 31 October 2023

The director presents his report and the financial statements for the year ended 31 October 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Michael William Goldsworthy

Annie Porcas (ceased 21 July 2023)

Principal activity

The principal activity of the company is Valeting

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 March 2024
 

.........................................
Mr Michael William Goldsworthy
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Spotless Commercial & Domestic Cleaning Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spotless Commercial & Domestic Cleaning Limited for the year ended 31 October 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Spotless Commercial & Domestic Cleaning Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Spotless Commercial & Domestic Cleaning Limited and state those matters that we have agreed to state to the Board of Directors of Spotless Commercial & Domestic Cleaning Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spotless Commercial & Domestic Cleaning Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Spotless Commercial & Domestic Cleaning Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Spotless Commercial & Domestic Cleaning Limited. You consider that Spotless Commercial & Domestic Cleaning Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Spotless Commercial & Domestic Cleaning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Welch & Co (South West) Limited
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

11 March 2024

 

Spotless Commercial & Domestic Cleaning Limited

(Registration number: 09264040)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

6

1,427

117

Current assets

 

Debtors

7

1,157

14,102

Cash at bank and in hand

 

5,356

439

 

6,513

14,541

Creditors: Amounts falling due within one year

8

(3,668)

(6,648)

Net current assets

 

2,845

7,893

Net assets

 

4,272

8,010

Capital and reserves

 

Called up share capital

9

400

400

Retained earnings

3,872

7,610

Shareholders' funds

 

4,272

8,010

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 March 2024
 

.........................................
Mr Michael William Goldsworthy
Director

 

Spotless Commercial & Domestic Cleaning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Spotless Commercial & Domestic Cleaning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Amortisation

Amortisation is not provided on intangible assets.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Spotless Commercial & Domestic Cleaning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2022 - 4).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

475

39

 

Spotless Commercial & Domestic Cleaning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2022

15,000

15,000

At 31 October 2023

15,000

15,000

Amortisation

At 1 November 2022

15,000

15,000

At 31 October 2023

15,000

15,000

Carrying amount

At 31 October 2023

-

-

6

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2022

1,079

1,079

Additions

1,785

1,785

At 31 October 2023

2,864

2,864

Depreciation

At 1 November 2022

962

962

Charge for the year

475

475

At 31 October 2023

1,437

1,437

Carrying amount

At 31 October 2023

1,427

1,427

At 31 October 2022

117

117

7

Debtors

Current

2023
£

2022
£

Trade debtors

-

5,562

Other debtors

1,157

8,540

 

1,157

14,102

 

Spotless Commercial & Domestic Cleaning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

10

43

-

Trade creditors

 

2,450

2,196

Accruals and deferred income

 

1,103

2,194

Other creditors

 

72

2,258

 

3,668

6,648

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

B Ordinary of £1 each

100

100

100

100

C Ordinary of £1 each

100

100

100

100

D Ordinary of £1 each

100

100

100

100

 

400

400

400

400

10

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

43

-

11

Dividends

   

2023

 

2022

   

£

 

£

         

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £143.00 (2022 - £Nil) per each Ordinary

 

14,300

 

-

         
 

Spotless Commercial & Domestic Cleaning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

12

Related party transactions

 

Spotless Commercial & Domestic Cleaning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,406

4,740

Contributions paid to money purchase schemes

75

-

12,481

4,740