Maid2Clean (Salisbury & Trowbridge) Ltd
Registered number: 08532169
Statement of Financial Position
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 268 308
Creditors: amounts falling due within one year 3 (22,753) (21,694)
Net current liabilities (22,485) (21,386)
Net liabilities (22,485) (21,386)
Capital and reserves
Called up share capital 100 100
Profit and loss account (22,585) (21,486)
Shareholder's funds (22,485) (21,386)
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 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 Randle
Director
Approved by the board on 29 August 2024
Maid2Clean (Salisbury & Trowbridge) Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The director considers the company to be a going concern notwithstanding that there are losses of £22,585. They have reviewed the potential future of the company and consider that it will continue to trade profitably for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. 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.
Creditors
Short term creditors are measured at transaction 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.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 616 679
Accruals 1,320 1,260
Other creditors 20,817 19,755
22,753 21,694
4 Other information
Maid2Clean (Salisbury & Trowbridge) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Sedgefield Walk
Catshill
Bromsgrove
Worcestershire
B61 0SE
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