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REGISTERED NUMBER: 10889513 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Principle Cleaning Limited

Principle Cleaning Limited (Registered number: 10889513)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Principle Cleaning Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: C J Moore
T Moore
A Annunziata





SECRETARY: Mrs T M Moore





REGISTERED OFFICE: 23 Steel House
Parkway
Whiteley
Fareham
Hampshire
PO15 7FP





REGISTERED NUMBER: 10889513 (England and Wales)





ACCOUNTANTS: Add-Vanced Bookkeeping Services Ltd
9 Cross Lee Road
Todmorden
West Yorkshire
OL14 8EH

Principle Cleaning Limited (Registered number: 10889513)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,055 32,807

CURRENT ASSETS
Debtors 5 83,484 85,248
Cash at bank and in hand 2,544 36,703
86,028 121,951
CREDITORS
Amounts falling due within one year 6 (90,812 ) (8,600 )
NET CURRENT ASSETS 176,840 130,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,895

163,358

CREDITORS
Amounts falling due after more than one
year

7

15,636

22,563
NET ASSETS 184,259 140,795

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 184,258 140,794
SHAREHOLDERS' FUNDS 184,259 140,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Principle Cleaning Limited (Registered number: 10889513)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





C J Moore - Director


Principle Cleaning Limited (Registered number: 10889513)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Principle Cleaning Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 28 ) .

Principle Cleaning Limited (Registered number: 10889513)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 1,077 49,575 2,910 53,562
Additions 1,946 9,320 130 11,396
At 31 July 2024 3,023 58,895 3,040 64,958
DEPRECIATION
At 1 August 2023 444 18,886 1,425 20,755
Charge for year 756 19,632 760 21,148
At 31 July 2024 1,200 38,518 2,185 41,903
NET BOOK VALUE
At 31 July 2024 1,823 20,377 855 23,055
At 31 July 2023 633 30,689 1,485 32,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 71,258 73,619
Retentions Held 10,765 8,232
VAT - 3,397
Prepayments and accrued income 1,461 -
83,484 85,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
PBS Loan (142,874 ) (25,469 )
Tax 29,122 5,663
Social security and other taxes 4,885 8,848
Pensions Payable - 48
VAT 891 -
Credit Card 16,064 1,310
Accrued expenses 1,100 1,000
(90,812 ) (8,600 )

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 15,636 22,563

Principle Cleaning Limited (Registered number: 10889513)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 August 2023 140,794
Profit for the year 85,334
Dividends (41,870 )
At 31 July 2024 184,258