Company registration number 07940250 (England and Wales)
SPRING CLEAN HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
SPRING CLEAN HOMES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SPRING CLEAN HOMES LTD
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,222
10,534
Current assets
Debtors
4
20,660
27,717
Cash at bank and in hand
915
128
21,575
27,845
Creditors: amounts falling due within one year
5
(16,058)
(21,855)
Net current assets
5,517
5,990
Total assets less current liabilities
11,739
16,524
Creditors: amounts falling due after more than one year
6
(18,500)
(27,451)
Net liabilities
(6,761)
(10,927)
Capital and reserves
Called up share capital
7,500
7,500
Profit and loss reserves
(14,261)
(18,427)
Total equity
(6,761)
(10,927)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 May 2024 and are signed on its behalf by:
Mr N A Robinson
Director
Company Registration No. 07940250
SPRING CLEAN HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information
Spring Clean Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 39 Argyle Avenue, Margate, Kent, England, CT9 5RN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
20% on cost
Computer equipment
25% on reducing balance
Motor vehicles
20% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.5
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
SPRING CLEAN HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
2
3
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2023
11,176
1,299
16,420
28,895
Additions
149
149
At 31 January 2024
11,176
1,448
16,420
29,044
Depreciation and impairment
At 1 February 2023
8,180
569
9,612
18,361
Depreciation charged in the year
957
220
3,284
4,461
At 31 January 2024
9,137
789
12,896
22,822
Carrying amount
At 31 January 2024
2,039
659
3,524
6,222
At 31 January 2023
2,996
730
6,808
10,534
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
371
273
Other debtors
19,887
25,210
Prepayments and accrued income
402
2,234
20,660
27,717
SPRING CLEAN HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,950
7,157
Obligations under finance leases
2,505
2,505
Trade creditors
747
2,069
Corporation tax
2,107
2,107
Other taxation and social security
1,901
3,652
Other creditors
231
1,721
Accruals and deferred income
1,617
2,644
16,058
21,855
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
16,850
21,536
Obligations under finance leases
1,650
5,915
18,500
27,451