Company registration number 04078680 (England and Wales)
KLEEN LIMITED T/A CLEAN SOCIETY
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
KLEEN LIMITED T/A CLEAN SOCIETY
CONTENTS
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
KLEEN LIMITED T/A CLEAN SOCIETY
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KLEEN LIMITED T/A CLEAN SOCIETY FOR THE YEAR ENDED 31 JULY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kleen Limited T/A Clean Society for the year ended 31 July 2023 which comprise, the balance sheet 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Kleen Limited T/A Clean Society, as a body, in accordance with the terms of our engagement letter dated 30 April 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Kleen Limited T/A Clean Society and state those matters that we have agreed to state to the board of directors of Kleen Limited T/A Clean Society, 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 Kleen Limited T/A Clean Society and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Kleen Limited T/A Clean Society has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kleen Limited T/A Clean Society. You consider that Kleen Limited T/A Clean Society 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 financial statements of Kleen Limited T/A Clean Society. 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 financial statements.

Carpenter Box
30 April 2024
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
KLEEN LIMITED T/A CLEAN SOCIETY
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
240,771
115,904
Current assets
Debtors
5
1,168,364
1,033,272
Cash at bank and in hand
28,443
69,370
1,196,807
1,102,642
Creditors: amounts falling due within one year
6
(596,276)
(550,572)
Net current assets
600,531
552,070
Total assets less current liabilities
841,302
667,974
Creditors: amounts falling due after more than one year
7
(154,209)
(60,006)
Provisions for liabilities
(45,300)
(20,000)
Net assets
641,793
587,968
Capital and reserves
Called up share capital
8
81
81
Share premium account
6,230
6,230
Profit and loss reserves
635,482
581,657
Total equity
641,793
587,968

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

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

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 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.

KLEEN LIMITED T/A CLEAN SOCIETY
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 30 April 2024
Mr J E Scanlan
Director
Company registration number 04078680 (England and Wales)
KLEEN LIMITED T/A CLEAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
1
Accounting policies
Company information

Kleen Limited T/A Clean Society is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company’s principal risks and uncertaintiestrue and the impact of subsequent events in making their assessment.  Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4
Tangible fixed assets

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

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

Leasehold improvements
15% on cost per annum
Plant and machinery
25% diminishing balance per annum
Fixtures, fittings & equipment
20%/33% diminishing balance per annum
Motor vehicles
25% diminishing balance per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

KLEEN LIMITED T/A CLEAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
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.

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.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

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

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss 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 leases asset are consumed.

1.12
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

KLEEN LIMITED T/A CLEAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 25 (2022 - 54).

3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2022 and 31 July 2023
162,000
Amortisation and impairment
At 1 August 2022 and 31 July 2023
162,000
Carrying amount
At 31 July 2023
-
0
At 31 July 2022
-
0
4
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2022
30,140
55,853
42,268
229,886
358,147
Additions
-
0
19,450
2,152
161,721
183,323
Disposals
-
0
-
0
-
0
(30,158)
(30,158)
At 31 July 2023
30,140
75,303
44,420
361,449
511,312
Depreciation and impairment
At 1 August 2022
612
48,665
30,921
162,045
242,243
Depreciation charged in the year
2,449
4,633
4,204
33,071
44,357
Eliminated in respect of disposals
-
0
-
0
(254)
(15,805)
(16,059)
At 31 July 2023
3,061
53,298
34,871
179,311
270,541
Carrying amount
At 31 July 2023
27,079
22,005
9,549
182,138
240,771
At 31 July 2022
29,528
7,188
11,347
67,841
115,904
KLEEN LIMITED T/A CLEAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 7 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
659,534
427,622
Amounts owed by group undertakings
500,000
600,000
Other debtors
8,830
5,650
1,168,364
1,033,272
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
18,430
9,768
Trade creditors
213,146
171,925
Taxation and social security
285,414
324,255
Other creditors
79,286
44,624
596,276
550,572

Included in bank loans is £10,015 (2022 - £9,768) relating to a bounce back loan supported by the UK government.

 

Included in other creditors are hire purchase liabilities totalling £45,461 (2022 - £5,630) which are secured against the assets financed.

7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
54,613
29,923
Other creditors
99,596
30,083
154,209
60,006

Included in bank loans is £19,908 (2022 - £29,923) relating to a bounce back loan supported by the UK government.

 

Included in other creditors are hire purchase liabilities totalling £99,596 (2022 - £30,083) which are secured against the assets financed.

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Founder ordinary shares of £1 each
80
80
81
80
Executive ordinary shares of £1 each
1
1
-
1
81
81
81
81
KLEEN LIMITED T/A CLEAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
8
Called up share capital
(Continued)
- 8 -

Founder ordinary shares have full voting and distributions rights.

 

Executive ordinary shares are non-voting but rank pari passu with Founder ordinary shares with regard to distributions.

9
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
£
£
27,327
28,091
10
Parent company

The parent company is Kleen Holdings Limited. Its registered office is Amelia House, Crescent Road, Worthing, BN11 1QR.

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