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Registration number: 07879818

AOK Commercial Cleaning Ltd
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2024

 

AOK Commercial Cleaning Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

AOK Commercial Cleaning Ltd

(Registration number: 07879818)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,411

9,034

Current assets

 

Stocks

5

2,475

2,592

Debtors

6

604,414

397,694

Cash at bank and in hand

 

201,812

366,882

 

808,701

767,168

Creditors: Amounts falling due within one year

7

(393,188)

(334,347)

Net current assets

 

415,513

432,821

Total assets less current liabilities

 

426,924

441,855

Creditors: Amounts falling due after more than one year

7

(35,771)

(76,358)

Provisions for liabilities

(2,853)

(1,716)

Net assets

 

388,300

363,781

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

388,298

363,779

Shareholders' funds

 

388,300

363,781

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

 

AOK Commercial Cleaning Ltd

(Registration number: 07879818)
Statement of Financial Position as at 31 March 2024

.........................................
D A O'Keeffe
Director

.........................................
A M O'Keeffe
Director

 

AOK Commercial Cleaning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is: 3 Fairway Close, Liphook, Hampshire, GU30 7XD.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 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.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

AOK Commercial Cleaning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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

Fittings fixtures and equipment

25% reducing balance

Motor vehicles

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

 

AOK Commercial Cleaning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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 income statement 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments 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 and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 182 (2023 - 183).

 

AOK Commercial Cleaning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fittings fixtures and equipment
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

4,375

3,075

24,050

31,500

Additions

2,968

7,049

-

10,017

Disposals

(1,221)

(3,596)

-

(4,817)

At 31 March 2024

6,122

6,528

24,050

36,700

Depreciation

At 1 April 2023

2,738

2,517

17,211

22,466

Charge for the year

1,093

1,004

1,710

3,807

Eliminated on disposal

(984)

-

-

(984)

At 31 March 2024

2,847

3,521

18,921

25,289

Carrying amount

At 31 March 2024

3,275

3,007

5,129

11,411

At 31 March 2023

1,637

558

6,839

9,034

5

Stocks

2024
£

2023
£

Raw materials and consumables

2,475

2,592

6

Debtors

2024
£

2023
£

Trade debtors

387,574

296,145

Other debtors

202,577

91,146

Prepayments

14,263

10,403

604,414

397,694

 

AOK Commercial Cleaning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

8

40,587

41,462

Trade creditors

 

21,819

22,691

Taxation and social security

 

230,164

196,959

Accruals and deferred income

 

76,709

54,565

Other creditors

 

23,909

18,670

 

393,188

334,347

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

8

35,771

76,358

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

35,771

76,358

2024
£

2023
£

Current loans and borrowings

Bank borrowings

40,587

41,462

9

Financial commitments, guarantees and contingencies

At the year-end date, the company has operating lease commitments of £22,644 (2023: £7,836).

 

AOK Commercial Cleaning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Related party transactions

The directors had loans during the year, as detailed below. Interest was charged on these loans at the HMRC beneficial loan rate; the loans are repayable on demand.

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Loans to directors

14,446

231,981

(74,000)

172,427

         
       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Loans to directors

19,660

71,786

(77,000)

14,446