18 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06900617 2023-04-01 2024-03-31 06900617 2024-03-31 06900617 2023-03-31 06900617 2022-04-01 2023-03-31 06900617 2023-03-31 06900617 2022-03-31 06900617 core:PlantMachinery 2023-04-01 2024-03-31 06900617 core:FurnitureFittings 2023-04-01 2024-03-31 06900617 bus:Director1 2023-04-01 2024-03-31 06900617 core:WithinOneYear 2024-03-31 06900617 core:WithinOneYear 2023-03-31 06900617 core:PlantMachinery 2023-03-31 06900617 core:FurnitureFittings 2023-03-31 06900617 core:PlantMachinery 2024-03-31 06900617 core:FurnitureFittings 2024-03-31 06900617 core:AfterOneYear 2024-03-31 06900617 core:AfterOneYear 2023-03-31 06900617 core:ShareCapital 2024-03-31 06900617 core:ShareCapital 2023-03-31 06900617 core:RetainedEarningsAccumulatedLosses 2024-03-31 06900617 core:RetainedEarningsAccumulatedLosses 2023-03-31 06900617 core:PlantMachinery 2023-03-31 06900617 core:FurnitureFittings 2023-03-31 06900617 bus:Director1 2023-03-31 06900617 bus:Director1 2024-03-31 06900617 bus:Director1 2022-03-31 06900617 bus:Director1 2023-03-31 06900617 bus:Director1 2022-04-01 2023-03-31 06900617 bus:SmallEntities 2023-04-01 2024-03-31 06900617 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06900617 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06900617 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06900617 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 06900617
Simply Clean (NW) Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Simply Clean (NW) Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,081
1,442
Current assets
Stocks
6,500
6,500
Debtors
6
87,903
78,303
Cash at bank and in hand
8,305
8,772
-----------
---------
102,708
93,575
Creditors: amounts falling due within one year
7
89,583
76,910
-----------
---------
Net current assets
13,125
16,665
---------
---------
Total assets less current liabilities
14,206
18,107
Creditors: amounts falling due after more than one year
8
11,584
17,454
---------
---------
Net assets
2,622
653
---------
---------
Simply Clean (NW) Limited
Statement of Financial Position (continued)
31 March 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,522
553
--------
-----
Shareholders funds
2,622
653
--------
-----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 August 2024 , and are signed on behalf of the board by:
Mrs S Davey
Director
Company registration number: 06900617
Simply Clean (NW) Limited
Notes to the Financial Statements
Year ended 31st March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39 Lister Grove, Heysham, Morecambe, Lancashire, LA3 2DG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2023: 28 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1st April 2023 and 31st March 2024
2,587
1,900
4,487
--------
--------
--------
Depreciation
At 1st April 2023
2,043
1,002
3,045
Charge for the year
136
225
361
--------
--------
--------
At 31st March 2024
2,179
1,227
3,406
--------
--------
--------
Carrying amount
At 31st March 2024
408
673
1,081
--------
--------
--------
At 31st March 2023
544
898
1,442
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
36,047
41,753
Other debtors
51,856
36,550
---------
---------
87,903
78,303
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,741
5,741
Trade creditors
973
144
Accruals and deferred income
11,952
13,770
Corporation tax
12,960
14,990
Social security and other taxes
37,468
20,457
Other creditors
20,489
21,808
---------
---------
89,583
76,910
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,584
17,454
---------
---------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mrs S Davey
27,421
11,558
38,979
---------
---------
-----
---------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mrs S Davey
31,940
( 4,519)
27,421
---------
-----
--------
---------
10. Related party transactions
The company was under the control of Mrs S Davey throughout the current period. Mrs S Davey is the managing director and majority shareholder.