Registered number
02135616
Spraywash Limited
Filleted Accounts
31 October 2023
Spraywash Limited
Registered number: 02135616
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,537 4,668
Current assets
Debtors 4 35,700 24,760
Cash at bank and in hand 1,323 6,030
37,023 30,790
Creditors: amounts falling due within one year 5 (38,387) (29,833)
Net current (liabilities)/assets (1,364) 957
Total assets less current liabilities 2,173 5,625
Creditors: amounts falling due after more than one year 6 (22,809) (26,223)
Net liabilities (20,636) (20,598)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,736) (20,698)
Shareholder's funds (20,636) (20,598)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 N Boddington
Director
Approved by the board on 30.07.2024
Spraywash 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 24,205 22,300 46,505
At 31 October 2023 24,205 22,300 46,505
Depreciation
At 1 November 2022 23,506 18,331 41,837
Charge for the year 139 992 1,131
At 31 October 2023 23,645 19,323 42,968
Net book value
At 31 October 2023 560 2,977 3,537
At 31 October 2022 699 3,969 4,668
4 Debtors 2023 2022
£ £
Trade debtors 35,700 24,760
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 2,862
Taxation and social security costs 2,320 258
Other creditors 36,067 26,713
38,387 29,833
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,809 26,223
7 Other information
Spraywash Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is:
Westover
Glasllwch Lane
Newport
South Wales
NP10 3PT
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