Registered number
07683715
C & S Cleaning Services (Radstock) Ltd
Report and Accounts
30 June 2024
C & S Cleaning Services (Radstock) Ltd
Registered number: 07683715
Directors' Report
The directors present their report and accounts for the year ended 30 June 2024.
Principal activities
The company's principal activity during the year was cleaning services.
Directors
The following persons served as directors during the year:
Mr T Barker
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 October 2024 and signed on its behalf.
Mr T Barker
Director
C & S Cleaning Services (Radstock) Ltd
Registered number: 07683715
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,500 23,000
Tangible assets 4 14,582 16,549
35,082 39,549
Current assets
Debtors 5 29,136 28,335
Cash at bank and in hand 17,773 18,520
46,909 46,855
Creditors: amounts falling due within one year 6 (44,609) (41,452)
Net current assets 2,300 5,403
Total assets less current liabilities 37,382 44,952
Provisions for liabilities (3,518) (3,144)
Net assets 33,864 41,808
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,764 41,708
Shareholders' funds 33,864 41,808
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.
Mr T Barker
Director
Approved by the board on 21 October 2024
C & S Cleaning Services (Radstock) Ltd
Notes to the Accounts
for the year ended 30 June 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.
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:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 15% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 33 33
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 50,000
At 30 June 2024 50,000
Amortisation
At 1 July 2023 27,000
Provided during the year 2,500
At 30 June 2024 29,500
Net book value
At 30 June 2024 20,500
At 30 June 2023 23,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 12,383 21,971 34,354
Additions 622 - 622
At 30 June 2024 13,005 21,971 34,976
Depreciation
At 1 July 2023 8,065 9,740 17,805
Charge for the year 755 1,834 2,589
At 30 June 2024 8,820 11,574 20,394
Net book value
At 30 June 2024 4,185 10,397 14,582
At 30 June 2023 4,318 12,231 16,549
5 Debtors 2024 2023
£ £
Trade debtors 28,495 27,262
Other debtors 641 1,073
29,136 28,335
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,674 3,567
Corporation tax 6,309 6,016
Other taxes and social security costs 19,359 18,856
Other creditors 15,267 13,013
44,609 41,452
7 Other information
C & S Cleaning Services (Radstock) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Broadway House
Third Avenue
Westfield Industrial Estate
Radstock
BA3 4XD
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