Registered number
04352100
Go Clean Solutions Limited
Filleted Accounts
31 March 2024
Go Clean Solutions Limited
Registered number: 04352100
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 20,722 11,161
Current assets
Stocks & WIP - 2,850
Debtors 6 4,371 4,056
Cash at bank and in hand 3,238 -
7,609 6,906
Creditors: amounts falling due within one year 7 (6,890) (5,260)
Net current assets 719 1,646
Total assets less current liabilities 21,441 12,807
Creditors: amounts falling due after more than one year 8 (21,129) (12,667)
Net assets 312 140
Capital and reserves
Called up share capital 100 100
Profit and loss account 212 40
Shareholders' funds 312 140
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.
___________________________
Alan D Smith
Director
Approved by the board on 11 October 2024
Go Clean Solutions 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Goodwill Over 10 years
Motor Vehicles Reducing balance 25.0%
Plant and machinery Reducing balance 25.0%
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Corporation Tax 2024 2023
£ £
Corporation tax current year - 1,584
- 1,584
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
4 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 9,430
At 31 March 2024 9,430
Amortisation
At 1 April 2023 9,430
At 31 March 2024 9,430
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. This has now been written off in full.
5 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 20,444 19,787 40,231
Additions - 19,566 19,566
Disposals - (19,787) (19,787)
At 31 March 2024 20,444 19,566 40,010
Depreciation
At 1 April 2023 12,380 16,690 29,070
Charge for the year 2,016 4,892 6,908
On disposals - (16,690) (16,690)
At 31 March 2024 14,396 4,892 19,288
Net book value
At 31 March 2024 6,048 14,674 20,722
At 31 March 2023 8,064 3,097 11,161
6 Debtors 2024 2023
£ £
Trade debtors 1,458 4,056
Other debtors 2,913 -
4,371 4,056
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 770
Obligations under finance lease and hire purchase contracts 3,182 -
Trade creditors 1,764 2,860
Corporation Tax - 1,584
Taxation and social security costs 205 13
Directors loans 1,739 33
6,890 5,260
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 12,462 -
Bounceback Loan 8,667 12,667
21,129 12,667
9 Controlling party
The company is controlled by the directors Alan D Smith and Samantha J V Smith.
10 Other information
Go Clean Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
Go Clean Solutions Limited 04352100 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Alan D Smith No description of principal activity 04352100 2022-04-01 2023-03-31 04352100 core:WithinOneYear 2023-03-31 04352100 core:AfterOneYear 2023-03-31 04352100 core:ShareCapital 2023-03-31 04352100 core:RetainedEarningsAccumulatedLosses 2023-03-31 04352100 2023-04-01 2024-03-31 04352100 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04352100 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04352100 bus:Director40 2023-04-01 2024-03-31 04352100 1 2023-04-01 2024-03-31 04352100 2 2023-04-01 2024-03-31 04352100 core:PlantMachinery 2023-04-01 2024-03-31 04352100 core:Vehicles 2023-04-01 2024-03-31 04352100 countries:England 2023-04-01 2024-03-31 04352100 bus:FRS102 2023-04-01 2024-03-31 04352100 bus:FilletedAccounts 2023-04-01 2024-03-31 04352100 2024-03-31 04352100 core:WithinOneYear 2024-03-31 04352100 core:AfterOneYear 2024-03-31 04352100 core:ShareCapital 2024-03-31 04352100 core:RetainedEarningsAccumulatedLosses 2024-03-31 04352100 core:Goodwill 2024-03-31 04352100 core:PlantMachinery 2024-03-31 04352100 core:Vehicles 2024-03-31 04352100 2023-03-31 04352100 core:Goodwill 2023-03-31 04352100 core:PlantMachinery 2023-03-31 04352100 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure