IRIS Accounts Production v24.2.0.383 04733350 Board of Directors Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047333502023-03-31047333502024-03-31047333502023-04-012024-03-31047333502022-03-31047333502022-04-012023-03-31047333502023-03-3104733350ns15:EnglandWales2023-04-012024-03-3104733350ns14:PoundSterling2023-04-012024-03-3104733350ns10:Director12023-04-012024-03-3104733350ns10:Director22023-04-012024-03-3104733350ns10:Director32023-04-012024-03-3104733350ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104733350ns10:SmallEntities2023-04-012024-03-3104733350ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104733350ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104733350ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104733350ns10:FullAccounts2023-04-012024-03-310473335012023-04-012024-03-3104733350ns10:CompanySecretary12023-04-012024-03-3104733350ns10:RegisteredOffice2023-04-012024-03-3104733350ns5:CurrentFinancialInstruments2024-03-3104733350ns5:CurrentFinancialInstruments2023-03-3104733350ns5:Non-currentFinancialInstruments2024-03-3104733350ns5:Non-currentFinancialInstruments2023-03-3104733350ns5:ShareCapital2024-03-3104733350ns5:ShareCapital2023-03-3104733350ns5:RetainedEarningsAccumulatedLosses2024-03-3104733350ns5:RetainedEarningsAccumulatedLosses2023-03-3104733350ns5:NetGoodwill2023-04-012024-03-3104733350ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104733350ns5:PlantMachinery2023-04-012024-03-3104733350ns5:FurnitureFittings2023-04-012024-03-3104733350ns5:ComputerEquipment2023-04-012024-03-3104733350ns5:NetGoodwill2023-03-3104733350ns5:NetGoodwill2024-03-3104733350ns5:NetGoodwill2023-03-3104733350ns5:PlantMachinery2023-03-3104733350ns5:FurnitureFittings2023-03-3104733350ns5:ComputerEquipment2023-03-3104733350ns5:PlantMachinery2024-03-3104733350ns5:FurnitureFittings2024-03-3104733350ns5:ComputerEquipment2024-03-3104733350ns5:PlantMachinery2023-03-3104733350ns5:FurnitureFittings2023-03-3104733350ns5:ComputerEquipment2023-03-3104733350ns5:CostValuation2024-03-3104733350ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104733350ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 04733350 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LIMPIO OFFICE SOLUTIONS LIMITED

LIMPIO OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 04733350)

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


LIMPIO OFFICE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A M Dodd
D J Sheppard
S B Barlow





SECRETARY: A M Dodd





REGISTERED OFFICE: Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 04733350 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

LIMPIO OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 04733350)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 600,000 750,000
Tangible assets 5 6,877 7,142
Investments 6 1 1
606,878 757,143

CURRENT ASSETS
Stocks 358,587 396,248
Debtors 7 118,510 111,418
Cash in hand 73 73
477,170 507,739
CREDITORS
Amounts falling due within one year 8 437,980 446,450
NET CURRENT ASSETS 39,190 61,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,068

818,432

CREDITORS
Amounts falling due after more than one
year

9

44,310

143,121
NET ASSETS 601,758 675,311

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 600,758 674,311
601,758 675,311

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.

LIMPIO OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 04733350)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




S B Barlow - Director D J Sheppard - Director




A M Dodd - Director


LIMPIO OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 04733350)

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


1. STATUTORY INFORMATION

Limpio Office Solutions 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.

Preparation of consolidated financial statements
The financial statements contain information about Limpio Office Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 2008, is being amortised evenly over its estimated useful life of twenty years.

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the indentifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Office equipment - 15% on reducing balance
Rental equipment - 33% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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


LIMPIO OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 04733350)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 3,000,000
AMORTISATION
At 1 April 2023 2,250,000
Charge for year 150,000
At 31 March 2024 2,400,000
NET BOOK VALUE
At 31 March 2024 600,000
At 31 March 2023 750,000

LIMPIO OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 04733350)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Office Rental
fittings equipment equipment Totals
£ £ £ £
COST
At 1 April 2023 16,813 89,782 10,500 117,095
Additions - 2,288 - 2,288
At 31 March 2024 16,813 92,070 10,500 119,383
DEPRECIATION
At 1 April 2023 13,710 85,743 10,500 109,953
Charge for year 465 2,088 - 2,553
At 31 March 2024 14,175 87,831 10,500 112,506
NET BOOK VALUE
At 31 March 2024 2,638 4,239 - 6,877
At 31 March 2023 3,103 4,039 - 7,142

6. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 110,687 103,320
Amounts owed by joint ventures 266 602
Other debtors 7,557 7,496
118,510 111,418

LIMPIO OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 04733350)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 103,724 116,946
Trade creditors 134,423 93,363
Taxation and social security 33,153 46,971
Other creditors 166,680 189,170
437,980 446,450

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 44,310 143,121