Registered number
07830201
The Soap Opera Cleaning Company Ltd
Filleted Accounts
31 March 2024
The Soap Opera Cleaning Company Ltd
Registered number: 07830201
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,546 989
Investments 4 512 35,047
21,058 36,036
Current assets
Debtors 5 35,992 39,558
Cash at bank and in hand 20,872 35,869
56,864 75,427
Creditors: amounts falling due within one year 6 (29,915) (34,249)
Net current assets 26,949 41,178
Total assets less current liabilities 48,007 77,214
Creditors: amounts falling due after more than one year 7 - (40,316)
Provisions for liabilities (3,637) -
Net assets 44,370 36,898
Capital and reserves
Called up share capital 2 2
Profit and loss account 44,368 36,896
Shareholders' funds 44,370 36,898
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Floyd Barnes
Director
Approved by the board on 11 September 2024
The Soap Opera Cleaning Company Ltd
Notes to the Accounts
for the year ended 31 March 2024
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:
Plant and machinery over 3 years
Motor vehicles 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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
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 April 2023 4,268 9,875 14,143
Additions 846 19,395 20,241
At 31 March 2024 5,114 29,270 34,384
Depreciation
At 1 April 2023 3,279 9,875 13,154
Charge for the year 684 - 684
At 31 March 2024 3,963 9,875 13,838
Net book value
At 31 March 2024 1,151 19,395 20,546
At 31 March 2023 989 - 989
4 Investments
Other
investments
£
Cost
At 1 April 2023 35,047
Disposals (34,535)
At 31 March 2024 512
5 Debtors 2024 2023
£ £
Trade debtors 35,137 39,558
Other debtors 855 -
35,992 39,558
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 48 91
Taxation and social security costs 13,235 17,036
Other creditors 16,632 17,122
29,915 34,249
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 40,316
8 Other information
The Soap Opera Cleaning Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
51 Bedford Place
Southampton
SO15 2DT
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