Registered number
06979904
PROCARE CLEANING MANAGEMENT (SOUTH EAST) LIMITED
Filleted Accounts
31 December 2023
PROCARE CLEANING MANAGEMENT (SOUTH EAST) LIMITED
Registered number: 06979904
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 206,055 193,680
Current assets
Debtors 5 603,644 528,476
Cash at bank and in hand 749,713 596,982
1,353,357 1,125,458
Creditors: amounts falling due within one year 6 (212,093) (162,976)
Net current assets 1,141,264 962,482
Total assets less current liabilities 1,347,319 1,156,162
Provisions for liabilities (416) (2,321)
Net assets 1,346,903 1,153,841
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,346,803 1,153,741
Shareholders' funds 1,346,903 1,153,841
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Alan Hart
Director
Approved by the board on 19 September 2024
PROCARE CLEANING MANAGEMENT (SOUTH EAST) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation
Plant and machinery 25% reducing balance
New system 14.28% straight line
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 16 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 829,850
At 31 December 2023 829,850
Amortisation
At 1 January 2023 829,850
At 31 December 2023 829,850
Net book value
At 31 December 2023 -
Goodwill on incorporation is being written off in equal annual instalments over its estimated economic life of 10 years. Goodwill purchased in 2012 is being written off in equal annual instalments over 5 years.
4 Tangible fixed assets
Land and buildings Equipment, Fixtures and Fitting, Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 161,106 84,703 48,760 294,569
Additions - - 26,000 26,000
At 31 December 2023 161,106 84,703 74,760 320,569
Depreciation
At 1 January 2023 - 58,328 42,561 100,889
Charge for the year - 5,575 8,050 13,625
At 31 December 2023 - 63,903 50,611 114,514
Net book value
At 31 December 2023 161,106 20,800 24,149 206,055
At 31 December 2022 161,106 26,375 6,199 193,680
5 Debtors 2023 2022
£ £
Trade debtors 596,644 528,476
Other debtors 7,000 -
603,644 528,476
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,070 1,103
Corporation tax 76,463 45,775
Other taxation and social security costs 101,830 92,697
Director's account 38 521
Other creditors 26,692 22,880
212,093 162,976
7 Related party transactions
The amount owing to the Directors at the balance sheet date was £38 (£521 in 2022) which were included in note 6.
8 Other information
PROCARE CLEANING MANAGEMENT (SOUTH EAST) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27a Maxwell Road
Northwood
Middlesex
HA6 2XY
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