Registered number
07962807
Cheltenham Regency Cleaners Limited
Filleted Accounts
29 February 2024
Cheltenham Regency Cleaners Limited
Company Information
Director
M D McClymont
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
07962807
Cheltenham Regency Cleaners Limited
Registered number: 07962807
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 12,000 -
Cash at bank and in hand 3,093 4,077
15,093 4,077
Creditors: amounts falling due within one year 5 (19,154) (18,797)
Net current liabilities (4,061) (14,720)
Total assets less current liabilities (4,061) (14,720)
Creditors: amounts falling due after more than one year 6 (20,000) (20,623)
Net liabilities (24,061) (35,343)
Capital and reserves
Called up share capital 100 100
Profit and loss account (24,161) (35,443)
Shareholder's funds (24,061) (35,343)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
M D McClymont
Director
Approved by the board on 31 May 2024
Cheltenham Regency Cleaners Limited
Notes to the Accounts
for the year ended 29 February 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.
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:
Plant and machinery 25% straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2023 17,254
At 29 February 2024 17,254
Depreciation
At 1 March 2023 17,254
At 29 February 2024 17,254
Net book value
At 29 February 2024 -
4 Debtors 2024 2023
£ £
Other debtors 12,000 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 14,713 14,195
Other creditors 4,441 4,602
19,154 18,797
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,000 20,000
Directors loan - 623
20,000 20,623
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 3,600 3,600
8 Contingent liabilities
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of the directors.
9 Controlling party
The company is controlled by the director
10 Other information
Cheltenham Regency Cleaners Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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