Company Registration No. 05595775 (England and Wales)
Cleansmart Limited
Filleted accounts
for the year ended 31 March 2024
Cleansmart Limited
Filleted accounts
Contents
Cleansmart Limited
Company Information
for the year ended 31 March 2024
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
Cleansmart Limited
Statement of financial position
as at 31 March 2024
Intangible assets
483
23,683
Tangible assets
131,946
86,816
Inventories
300,841
341,412
Cash at bank and in hand
1,384,397
1,220,396
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
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
Cleansmart Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 are included at cost less accumulated amortisation, which is calculated on a 20% straight line basis.
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 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.
Cleansmart Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Other
Charge for the year
23,200
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
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
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
Amounts falling due within one year
Trade debtors
33,558
22,054
Amounts due from group undertakings etc.
92,230
94,654
Cleansmart Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
98,540
119,358
Taxes and social security
83,869
92,929
Loans from directors
65
(13,268)
9
Deferred taxation
2024
2023
Accelerated capital allowances
32,750
16,276
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
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).