Company Registration No. 09972485 (England and Wales)
Clean6 Ltd
Unaudited accounts
for the year ended 31 December 2023
Clean6 Ltd
Unaudited accounts
Contents
Clean6 Ltd
Company Information
for the year ended 31 December 2023
Directors
Richard John Anderson
Ashleigh Jane Ruxton
Company Number
09972485 (England and Wales)
Registered Office
Carm House, Gowdall Lane,
Pollington
Goole
East Yorkshire
DN14 0AU
ENGLAND
Clean6 Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
1,076,052
1,076,052
Tangible assets
31,548
40,655
Cash at bank and in hand
2,210
7,842
Creditors: amounts falling due within one year
(2,230,433)
(2,199,594)
Net current liabilities
(2,194,210)
(1,979,866)
Net liabilities
(1,086,610)
(863,159)
Called up share capital
700,001
700,001
Profit and loss account
(1,786,611)
(1,563,160)
Shareholders' funds
(1,086,610)
(863,159)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Ashleigh Jane Ruxton
Director
Company Registration No. 09972485
Clean6 Ltd
Notes to the Accounts
for the year ended 31 December 2023
Clean6 Ltd is a private company, limited by shares, registered in England and Wales, registration number 09972485. The registered office is Carm House, Gowdall Lane, , Pollington, Goole, East Yorkshire, DN14 0AU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line (Leasehold Property)
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Other tangible fixed assets
33% Reducing Balance
Expenditure on research and development is written off in the year in which it is incurred.
Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:
i) It is technically feasible to complete the intangible asset so that it will be available for use or sale;
ii) There is intention to complete the intangible asset and use or sell it;
iii) There is the ability to use or sell the intangible asset;
iv) The use or sale of the intangible asset will generate probablye future economic benefits;
v) There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
vi) the expenditure attributable to the intangible asset during its development can be measured reliably.
Expenditure that does not meet the above criteria is expensed as incurred.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and impairment losses.
Clean6 Ltd
Notes to the Accounts
for the year ended 31 December 2023
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The balance sheet at 30 December 2021 shows that the company had net liabilities and net current liabilities.
The company is supported by Xetrov Group Ltd and the directors have confirmed their continuing support for the company.
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Intangible fixed assets
Other
At 1 January 2023
1,076,052
At 31 December 2023
1,076,052
At 31 December 2023
1,076,052
At 31 December 2022
1,076,052
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
72,297
10,816
14,868
14,743
112,724
At 31 December 2023
72,297
10,816
14,868
14,743
112,724
At 1 January 2023
41,976
5,072
12,221
12,800
72,069
Charge for the year
7,230
574
662
641
9,107
At 31 December 2023
49,206
5,646
12,883
13,441
81,176
At 31 December 2023
23,091
5,170
1,985
1,302
31,548
At 31 December 2022
30,321
5,744
2,647
1,943
40,655
Clean6 Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Other debtors
31,897
202,066
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,291
40,419
Trade creditors
3,659
23,448
Amounts owed to group undertakings and other participating interests
2,186,507
1,999,153
Taxes and social security
374
70,674
Other creditors
434
21,274
Loans from directors
9,168
37,626
The amounts owed to group undertakings are due to Xetrov Group Ltd of £1,496,458 (2022 - £1,4442,305) and Xetrov Energy Ltd of £690,051 (2022 - £556,848).
Xetrov Group Ltd and Xetrov Energy Ltd have confirmed that it they will continue to support the company and will not demand repayment of the loan in the short term.
During the year the Company was in receipt of loans from Directors. The balance owed to Directors at the start of they year was £37,626. Further loans were made of £14,407 and repayments were made to the Directors of £42,865 and the balance due to the Directors at the Balance Sheet date totalled £9,168.
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Transactions with related parties
Management recharges of £Nil (2022 - £13,203) we made by the parent company, Xetrov Group Ltd to recharge the company's element of group expenditure.
The company is a 100% subsidiary of Xetrov Group Ltd, a company registered in England. The registered office of Xetrov Group is 90 Jerymn Street, London, SW1Y 6JD.
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Average number of employees
During the year the average number of employees was 2 (2022: 3).