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REGISTERED NUMBER: 11851747 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28th February 2024

for

South Ribble Cleaning Services Limited

South Ribble Cleaning Services Limited (Registered number: 11851747)






Contents of the Financial Statements
for the year ended 28th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


South Ribble Cleaning Services Limited

Company Information
for the year ended 28th February 2024







DIRECTOR: Mrs L J Coxhead





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11851747 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

South Ribble Cleaning Services Limited (Registered number: 11851747)

Balance Sheet
28th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,920 5,700
Tangible assets 5 57,646 65,393
64,566 71,093

CURRENT ASSETS
Stocks 2,700 2,475
Debtors 6 53,815 47,327
Cash at bank 74,590 120,584
131,105 170,386
CREDITORS
Amounts falling due within one year 7 67,337 77,602
NET CURRENT ASSETS 63,768 92,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,334

163,877

CREDITORS
Amounts falling due after more than one
year

8

(67,787

)

(79,516

)

PROVISIONS FOR LIABILITIES (3,445 ) (4,338 )
NET ASSETS 57,102 80,023

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,002 79,923
SHAREHOLDERS' FUNDS 57,102 80,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

South Ribble Cleaning Services Limited (Registered number: 11851747)

Balance Sheet - continued
28th February 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 director and authorised for issue on 13th September 2024 and were signed by:





Mrs L J Coxhead - Director


South Ribble Cleaning Services Limited (Registered number: 11851747)

Notes to the Financial Statements
for the year ended 28th February 2024

1. STATUTORY INFORMATION

South Ribble Cleaning Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

South Ribble Cleaning Services Limited (Registered number: 11851747)

Notes to the Financial Statements - continued
for the year ended 28th February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 29 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st March 2023 500 7,000 7,500
Additions - 3,400 3,400
At 28th February 2024 500 10,400 10,900
AMORTISATION
At 1st March 2023 400 1,400 1,800
Charge for year 100 2,080 2,180
At 28th February 2024 500 3,480 3,980
NET BOOK VALUE
At 28th February 2024 - 6,920 6,920
At 28th February 2023 100 5,600 5,700

South Ribble Cleaning Services Limited (Registered number: 11851747)

Notes to the Financial Statements - continued
for the year ended 28th February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 72,222
Additions 8,874
At 28th February 2024 81,096
DEPRECIATION
At 1st March 2023 6,829
Charge for year 16,621
At 28th February 2024 23,450
NET BOOK VALUE
At 28th February 2024 57,646
At 28th February 2023 65,393

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st March 2023
and 28th February 2024 55,974
DEPRECIATION
At 1st March 2023 1,166
Charge for year 13,702
At 28th February 2024 14,868
NET BOOK VALUE
At 28th February 2024 41,106
At 28th February 2023 54,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,324 28,703
Other debtors 19,491 18,624
53,815 47,327

South Ribble Cleaning Services Limited (Registered number: 11851747)

Notes to the Financial Statements - continued
for the year ended 28th February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts (see note 9) 6,730 6,730
Trade creditors 11,336 15,691
Taxation and social security 37,961 45,878
Other creditors 6,310 4,303
67,337 77,602

No security has been provided in respect of the bank loan.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,833 35,833
Hire purchase contracts (see note 9) 36,954 43,683
67,787 79,516

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,833 15,833

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,730 6,730
Between one and five years 36,954 43,683
43,684 50,413

The company has one annual operating lease commitment of £13,000 that expires in October 2026, and other annual operating lease commitments of £17,571 that expire by January 2027.

South Ribble Cleaning Services Limited (Registered number: 11851747)

Notes to the Financial Statements - continued
for the year ended 28th February 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2024 and 28th February 2023:

2024 2023
£    £   
Mrs L J Coxhead
Balance outstanding at start of year 10,623 11,080
Amounts advanced 18,142 10,623
Amounts repaid (10,623 ) (11,080 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,142 10,623

The director's loan is repayable within nine months of the year end.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director.