Registered number
04936166
Arcadia Cleaning Services Limited
Unaudited Filleted Accounts
31 October 2023
Arcadia Cleaning Services Limited
Company Information
Directors
Mr D Wheeler
Mrs A Wheeler
Accountants
Keith Graham
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Bankers
HSBC Bank Plc
30 Princes Mead Shopping Centre
Farnborough
Hampshire
GU14 6YB
Registered office
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Registered number
04936166
Arcadia Cleaning Services Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Arcadia Cleaning Services 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 Arcadia Cleaning Services Limited for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/ en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Arcadia Cleaning Services Limited, as a body, in accordance with the terms of our engagement letter dated 16 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of Arcadia Cleaning Services Limited and state those matters that we have agreed to state to the Board of Directors of Arcadia Cleaning Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arcadia Cleaning Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Arcadia Cleaning Services 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 Arcadia Cleaning Services Limited. You consider that Arcadia Cleaning Services 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 Arcadia Cleaning Services 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.
Keith Graham
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
4 March 2024
Arcadia Cleaning Services Limited
Registered number: 04936166
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 870 1,160
Tangible assets 4 1,545 2,133
2,415 3,293
Current assets
Stocks 3,872 3,216
Debtors 5 66,124 56,272
Cash at bank and in hand 86,359 107,973
156,355 167,461
Creditors: amounts falling due within one year 6 (65,766) (79,581)
Net current assets 90,589 87,880
Total assets less current liabilities 93,004 91,173
Provisions for liabilities (386) (405)
Net assets 92,618 90,768
Capital and reserves
Called up share capital 100 100
Profit and loss account 92,518 90,668
Shareholders' funds 92,618 90,768
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.
Mr D Wheeler
Director
Approved by the board on 4 March 2024
Arcadia Cleaning Services Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Grants
Grant income is recognised when the company is entitled to the receipt. Grants receivable are shown in the profit or loss account as part of turnover and any associated costs are shown in the profit and loss account according to their nature.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and equipment - office equipment 20% straight line
Motor vehicles 20% straight line
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 41 38
3 Intangible fixed assets £
Goodwill and website:
Cost
At 1 November 2022 22,200
At 31 October 2023 22,200
Amortisation
At 1 November 2022 21,040
Provided during the year 290
At 31 October 2023 21,330
Net book value
At 31 October 2023 870
At 31 October 2022 1,160
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. The website development is being written off in equal instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 November 2022 13,118 7,800 20,918
Additions 1,181 - 1,181
Disposals (100) - (100)
At 31 October 2023 14,199 7,800 21,999
Depreciation
At 1 November 2022 12,025 6,760 18,785
Charge for the year 669 1,040 1,709
On disposals (40) - (40)
At 31 October 2023 12,654 7,800 20,454
Net book value
At 31 October 2023 1,545 - 1,545
At 31 October 2022 1,093 1,040 2,133
5 Debtors 2023 2022
£ £
Trade debtors 65,699 53,355
Other debtors 425 2,917
66,124 56,272
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,606 6,080
Taxation and social security costs 53,429 46,641
Other creditors 6,731 26,860
65,766 79,581
7 Other information
Arcadia Cleaning Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
The functional currency for these accounts is Sterling.
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