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REGISTERED NUMBER: 10970326 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

CLEANTOGLEAM PRODUCTS LIMITED

CLEANTOGLEAM PRODUCTS LIMITED (REGISTERED NUMBER: 10970326)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEANTOGLEAM PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Mr G W Winter





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 10970326 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

CLEANTOGLEAM PRODUCTS LIMITED (REGISTERED NUMBER: 10970326)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 24,566 1,807

CURRENT ASSETS
Stocks 16,500 17,500
Debtors 5 59,601 48,781
Cash at bank 248 159
76,349 66,440
CREDITORS
Amounts falling due within one year 6 181,867 145,132
NET CURRENT LIABILITIES (105,518 ) (78,692 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,952

)

(76,885

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (81,052 ) (76,985 )
(80,952 ) (76,885 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17th September 2024 and were signed by:





Mr G W Winter - Director


CLEANTOGLEAM PRODUCTS LIMITED (REGISTERED NUMBER: 10970326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Cleantogleam Products 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.

At the balance sheet date the company has net liabilities. The accounts have been prepared on a going concern basis due to the ongoing financial support from the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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.

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.

Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net current liabilities of £78,692 (2021: £86,586).

The director considers the going concern basis to be appropriate because in his opinion the company will continue to obtain sufficient funding to enable it to pay its debts as they fall due and will receive continuing support from him.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CLEANTOGLEAM PRODUCTS LIMITED (REGISTERED NUMBER: 10970326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1st January 2023 - 5,516 1,041 6,557
Additions 27,200 - - 27,200
At 31st December 2023 27,200 5,516 1,041 33,757
DEPRECIATION
At 1st January 2023 - 3,709 1,041 4,750
Charge for year 4,080 361 - 4,441
At 31st December 2023 4,080 4,070 1,041 9,191
NET BOOK VALUE
At 31st December 2023 23,120 1,446 - 24,566
At 31st December 2022 - 1,807 - 1,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 10,976 -
Other debtors 300 300
VAT 275 431
Prepayments and accrued income 48,050 48,050
59,601 48,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors 1,433 1,967
Other creditors 132,593 135,137
Directors' current accounts 46,191 6,378
Accrued expenses 1,650 1,650
181,867 145,132

7. RELATED PARTY DISCLOSURES

Included within other creditors is £6,378 (2021: £21,303) owed by the company to the director at the balance sheet date. This loan is interest free and repayable on demand.

Included within other creditors is £78,977 (2021: £79,132) owed by the company to Clean2Gleam Limited, a company controlled by the director. This loan is interest free and repayable on demand.

Included within other creditors is £56,160 (2021: £56,208) owed by the company to CleantoGleam Marine Limited, a company controlled by the director. This loan is interest free and repayable on demand.