Registered number
06538845
FS Cleaning Limited
Filleted Accounts
31 March 2024
FS Cleaning Limited
Registered number: 06538845
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,855 23,635
Current assets
Stocks 150 150
Debtors 4 26,701 16,235
Cash at bank and in hand 83,601 123,888
110,452 140,273
Creditors: amounts falling due within one year 5 (58,272) (79,115)
Net current assets 52,180 61,158
Total assets less current liabilities 69,035 84,793
Provisions for liabilities (3,200) (4,500)
Net assets 65,835 80,293
Capital and reserves
Called up share capital 100 100
Profit and loss account 65,735 80,193
Shareholders' funds 65,835 80,293
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.
K A Wright
Director
Approved by the board on 6 August 2024
FS Cleaning Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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:
Motor vehicles 25% reducing balance
Plant and machinery 15% straight line
Computer equipment 33% straight line
Fixtures, fittings and equipment 15% straight line
Investments
Investments in unquoted equity instruments are measured at cost. This is not in accordance with FRS102, which requires investments to be valued at fair value. The directors believe that it is not possible to arrive at a fair value as the shares are not readily marketable.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 37,157 28,499 65,656
Additions 3,984 - 3,984
Disposals (7,516) - (7,516)
At 31 March 2024 33,625 28,499 62,124
Depreciation
At 1 April 2023 31,147 10,874 42,021
Charge for the year 4,929 4,405 9,334
On disposals (6,086) - (6,086)
At 31 March 2024 29,990 15,279 45,269
Net book value
At 31 March 2024 3,635 13,220 16,855
At 31 March 2023 6,010 17,625 23,635
4 Debtors 2024 2023
£ £
Trade debtors 26,278 15,618
Other debtors 423 617
26,701 16,235
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 16,437 11,723
Other creditors 41,835 67,392
58,272 79,115
6 Other information
FS Cleaning Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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