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REGISTERED NUMBER: 00954824 (England and Wales)















G FARRALL (CLEANERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






G FARRALL (CLEANERS) LIMITED (REGISTERED NUMBER: 00954824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G FARRALL (CLEANERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Richardson
Mrs D M Richardson





SECRETARY: Mrs D M Richardson





REGISTERED OFFICE: 1B Bold Street
Sandbach
Cheshire
CW11 1GR





REGISTERED NUMBER: 00954824 (England and Wales)






G FARRALL (CLEANERS) LIMITED (REGISTERED NUMBER: 00954824)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,910 72,122

CURRENT ASSETS
Stocks 10,300 9,810
Debtors 5 6,980 4,595
Cash at bank and in hand 7,561 22,346
24,841 36,751
CREDITORS
Amounts falling due within one year 6 35,044 31,904
NET CURRENT (LIABILITIES)/ASSETS (10,203 ) 4,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,707

76,969

CREDITORS
Amounts falling due after more than one
year

7

(41,023

)

(52,792

)

PROVISIONS FOR LIABILITIES (6,321 ) (5,152 )
NET ASSETS 20,363 19,025

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and loss account 19,363 18,025
SHAREHOLDERS' FUNDS 20,363 19,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

G FARRALL (CLEANERS) LIMITED (REGISTERED NUMBER: 00954824)

BALANCE SHEET - continued
31 MARCH 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:





S Richardson - Director


G FARRALL (CLEANERS) LIMITED (REGISTERED NUMBER: 00954824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

G Farrall (Cleaners) 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 represents net invoiced work done, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

G FARRALL (CLEANERS) LIMITED (REGISTERED NUMBER: 00954824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 42,956 135,739 17,256
Additions - 10,594 -
Disposals - (1,049 ) -
At 31 March 2024 42,956 145,284 17,256
DEPRECIATION
At 1 April 2023 - 116,808 16,438
Charge for year - 2,158 82
Eliminated on disposal - (683 ) -
At 31 March 2024 - 118,283 16,520
NET BOOK VALUE
At 31 March 2024 42,956 27,001 736
At 31 March 2023 42,956 18,931 818

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 17,076 107 213,134
Additions - 208 10,802
Disposals - - (1,049 )
At 31 March 2024 17,076 315 222,887
DEPRECIATION
At 1 April 2023 7,759 7 141,012
Charge for year 2,329 79 4,648
Eliminated on disposal - - (683 )
At 31 March 2024 10,088 86 144,977
NET BOOK VALUE
At 31 March 2024 6,988 229 77,910
At 31 March 2023 9,317 100 72,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,306 4,240
Corporation tax 387 -
Prepayments 287 355
6,980 4,595

G FARRALL (CLEANERS) LIMITED (REGISTERED NUMBER: 00954824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,951 13,255
Hire purchase contracts 2,842 2,842
Trade creditors 5,035 2,921
Corporation tax - 431
Social security and other taxes 8,218 4,682
Accruals and deferred income 7,998 7,773
35,044 31,904

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 9,167 19,167
Hire purchase contracts 1,184 4,026
Directors' loan accounts 20,672 19,599
41,023 52,792

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 951 3,255
Bank loans 29,167 39,167
Hire purchase contracts 4,026 6,868
34,144 49,290

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £29,000 (2023 - £49,500).