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Company Registration No. 05595775 (England and Wales)
Cleansmart Limited Filleted accounts for the year ended 31 March 2024
Cleansmart Limited Filleted accounts Contents
Page
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Cleansmart Limited Company Information for the year ended 31 March 2024
Director
Matthew Flewitt
Company Number
05595775 (England and Wales)
Registered Office
37 Duke Street Nottingham NG7 7JN England
Accountants
Archimedia Accounts 6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF
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Cleansmart Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
483 
23,683 
Tangible assets
131,946 
86,816 
Investments
2 
2 
132,431 
110,501 
Current assets
Inventories
300,841 
341,412 
Debtors
125,788 
121,186 
Cash at bank and in hand
1,384,397 
1,220,396 
1,811,026 
1,682,994 
Creditors: amounts falling due within one year
(229,477)
(249,192)
Net current assets
1,581,549 
1,433,802 
Total assets less current liabilities
1,713,980 
1,544,303 
Provisions for liabilities
Deferred tax
(32,750)
(16,276)
Net assets
1,681,230 
1,528,027 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,681,130 
1,527,927 
Shareholders' funds
1,681,230 
1,528,027 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2024 and were signed on its behalf by
Matthew Flewitt Director Company Registration No. 05595775
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Cleansmart Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cleansmart Limited is a private company, limited by shares, registered in England and Wales, registration number 05595775. The registered office is 37 Duke Street, Nottingham, NG7 7JN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% & 25% Straight Line
Motor vehicles
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation, which is calculated on a 20% straight line basis.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Cleansmart Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
115,998 
At 31 March 2024
115,998 
Amortisation
At 1 April 2023
92,315 
Charge for the year
23,200 
At 31 March 2024
115,515 
Net book value
At 31 March 2024
483 
At 31 March 2023
23,683 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
328,273 
- 
328,273 
Additions
26,462 
55,600 
82,062 
At 31 March 2024
354,735 
55,600 
410,335 
Depreciation
At 1 April 2023
241,457 
- 
241,457 
Charge for the year
24,190 
12,742 
36,932 
At 31 March 2024
265,647 
12,742 
278,389 
Net book value
At 31 March 2024
89,088 
42,858 
131,946 
At 31 March 2023
86,816 
- 
86,816 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
2 
Valuation at 31 March 2024
2 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,558 
22,054 
Amounts due from group undertakings etc.
92,230 
94,654 
Other debtors
- 
4,478 
125,788 
121,186 
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Cleansmart Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
33,003 
38,374 
Trade creditors
98,540 
119,358 
Taxes and social security
83,869 
92,929 
Other creditors
- 
9,699 
Loans from directors
65 
(13,268)
Accruals
14,000 
2,100 
229,477 
249,192 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
32,750 
16,276 
2024 
2023 
£ 
£ 
Provision at start of year
16,276 
19,561 
Charged/(credited) to the profit and loss account
16,474 
(3,285)
Provision at end of year
32,750 
16,276 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Matthew Flewitt
Directors Loan
13,268 
- 
13,268 
- 
13,268 
- 
13,268 
- 
11
Transactions with related parties
During the year loans to the director were repaid to the company by the director. 2024: £65 (2023: £13298) There was an interest free intercompany balance owed to the company by Cleansmart Properties ltd, which is also owned by the director. 2024: £92230 (2023: £92654)
12
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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