2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 30,000 21,000 3,000 24,000 6,000 9,000 xbrli:pure xbrli:shares iso4217:GBP 10152762 2023-06-01 2024-05-31 10152762 2024-05-31 10152762 2023-05-31 10152762 2022-06-01 2023-05-31 10152762 2023-05-31 10152762 2022-05-31 10152762 core:NetGoodwill 2023-06-01 2024-05-31 10152762 core:PlantMachinery 2023-06-01 2024-05-31 10152762 core:MotorVehicles 2023-06-01 2024-05-31 10152762 core:NetGoodwill 2023-05-31 10152762 core:NetGoodwill 2024-05-31 10152762 core:PlantMachinery 2023-05-31 10152762 core:MotorVehicles 2023-05-31 10152762 core:PlantMachinery 2024-05-31 10152762 core:MotorVehicles 2024-05-31 10152762 core:WithinOneYear 2024-05-31 10152762 core:WithinOneYear 2023-05-31 10152762 core:AfterOneYear 2024-05-31 10152762 core:AfterOneYear 2023-05-31 10152762 core:ShareCapital 2024-05-31 10152762 core:ShareCapital 2023-05-31 10152762 core:RetainedEarningsAccumulatedLosses 2024-05-31 10152762 core:RetainedEarningsAccumulatedLosses 2023-05-31 10152762 core:NetGoodwill 2023-05-31 10152762 core:PlantMachinery 2023-05-31 10152762 core:MotorVehicles 2023-05-31 10152762 bus:Director1 2023-06-01 2024-05-31 10152762 bus:SmallEntities 2023-06-01 2024-05-31 10152762 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10152762 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10152762 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10152762 bus:FullAccounts 2023-06-01 2024-05-31 10152762 core:OfficeEquipment 2023-06-01 2024-05-31 10152762 core:OfficeEquipment 2023-05-31 10152762 core:OfficeEquipment 2024-05-31
COMPANY REGISTRATION NUMBER: 10152762
Derek Hallwood Window Cleaning Ltd
Filleted Unaudited Accounts
31 May 2024
Derek Hallwood Window Cleaning Ltd
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
6,000
9,000
Tangible assets
6
14,627
12,779
--------
--------
20,627
21,779
Current assets
Debtors
7
488
417
Cash at bank and in hand
629
830
-------
-------
1,117
1,247
Creditors: amounts falling due within one year
8
18,048
19,150
--------
--------
Net current liabilities
16,931
17,903
--------
--------
Total assets less current liabilities
3,696
3,876
Creditors: amounts falling due after more than one year
9
4,000
6,000
-------
-------
Net liabilities
( 304)
( 2,124)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 404)
( 2,224)
----
-------
Shareholders deficit
( 304)
( 2,124)
----
-------
These accounts 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 income statement has not been delivered.
For the year ending 31 May 2024 the business 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 accounts for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
Derek Hallwood Window Cleaning Ltd
Statement of Financial Position (continued)
31 May 2024
These accounts were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
Mr D Hallwood
Company registration number: 10152762
Derek Hallwood Window Cleaning Ltd
Notes to the Accounts
Year ended 31 May 2024
1. General information
The business is a private business limited by shares, registered in England and Wales. The address of the registered office is 19 Mill House Lane, Croft, Warrington, WA3 7HA.
2. Statement of compliance
These accounts 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 accounts 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 accounts 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the business's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the business are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the business becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the business during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
30,000
--------
Amortisation
At 1 June 2023
21,000
Charge for the year
3,000
--------
At 31 May 2024
24,000
--------
Carrying amount
At 31 May 2024
6,000
--------
At 31 May 2023
9,000
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 June 2023
20,227
19,443
2,057
41,727
Additions
4,213
699
4,912
--------
--------
-------
--------
At 31 May 2024
24,440
19,443
2,756
46,639
--------
--------
-------
--------
Depreciation
At 1 June 2023
9,684
16,849
2,415
28,948
Charge for the year
2,049
648
367
3,064
--------
--------
-------
--------
At 31 May 2024
11,733
17,497
2,782
32,012
--------
--------
-------
--------
Carrying amount
At 31 May 2024
12,707
1,946
( 26)
14,627
--------
--------
-------
--------
At 31 May 2023
10,543
2,594
( 358)
12,779
--------
--------
-------
--------
7. Debtors
2024
2023
£
£
Other debtors
488
417
----
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,000
2,000
Corporation tax
68
Other creditors
16,048
17,082
--------
--------
18,048
19,150
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,000
6,000
-------
-------
10. Director's advances, credits and guarantees
Included within other creditors is a loan from the director totalling £15,204 (2022: £16,306) on which no interest is charged. The loan is repayable in full or in part on demand. No dividends were paid in the year (2022: £2,000) in respect of shares held by the company's director.
11. Related party transactions
The company was under the control of Mr Derek Hallwood throughout the current year. Mr Derek Hallwood is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.