IRIS Accounts Production v24.2.0.383 07899590 director 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078995902023-01-31078995902024-01-31078995902023-02-012024-01-31078995902022-01-31078995902022-02-012023-01-31078995902023-01-3107899590ns15:EnglandWales2023-02-012024-01-3107899590ns14:PoundSterling2023-02-012024-01-3107899590ns10:Director12023-02-012024-01-3107899590ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107899590ns10:SmallEntities2023-02-012024-01-3107899590ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3107899590ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107899590ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107899590ns10:FullAccounts2023-02-012024-01-310789959012023-02-012024-01-3107899590ns10:OrdinaryShareClass12023-02-012024-01-3107899590ns10:CompanySecretary12023-02-012024-01-3107899590ns10:RegisteredOffice2023-02-012024-01-3107899590ns5:CurrentFinancialInstruments2024-01-3107899590ns5:CurrentFinancialInstruments2023-01-3107899590ns5:Non-currentFinancialInstruments2024-01-3107899590ns5:Non-currentFinancialInstruments2023-01-3107899590ns5:ShareCapital2024-01-3107899590ns5:ShareCapital2023-01-3107899590ns5:RetainedEarningsAccumulatedLosses2024-01-3107899590ns5:RetainedEarningsAccumulatedLosses2023-01-3107899590ns5:NetGoodwill2023-02-012024-01-3107899590ns5:NetGoodwill2023-01-3107899590ns5:NetGoodwill2024-01-3107899590ns5:NetGoodwill2023-01-3107899590ns5:LeaseholdImprovements2023-01-3107899590ns5:PlantMachinery2023-01-3107899590ns5:MotorVehicles2023-01-3107899590ns5:LeaseholdImprovements2023-02-012024-01-3107899590ns5:PlantMachinery2023-02-012024-01-3107899590ns5:MotorVehicles2023-02-012024-01-3107899590ns5:LeaseholdImprovements2024-01-3107899590ns5:PlantMachinery2024-01-3107899590ns5:MotorVehicles2024-01-3107899590ns5:LeaseholdImprovements2023-01-3107899590ns5:PlantMachinery2023-01-3107899590ns5:MotorVehicles2023-01-3107899590ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3107899590ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3107899590ns5:CurrentFinancialInstruments2023-02-012024-01-3107899590ns5:Non-currentFinancialInstruments2023-02-012024-01-3107899590ns5:DeferredTaxation2023-01-3107899590ns5:DeferredTaxation2024-01-3107899590ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 07899590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

MAHONY CLEANING LIMITED

MAHONY CLEANING LIMITED (REGISTERED NUMBER: 07899590)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MAHONY CLEANING LIMITED

Company Information
for the year ended 31 January 2024







DIRECTOR: J D Mahony





SECRETARY: S Lawrence





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 07899590 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mahony Cleaning Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mahony Cleaning Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mahony Cleaning Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mahony Cleaning Limited and state those matters that we have agreed to state to the director of Mahony Cleaning Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mahony Cleaning Limited and its director for our work or for this report.

It is your duty to ensure that Mahony Cleaning Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mahony Cleaning Limited. You consider that Mahony Cleaning Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mahony Cleaning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


28 October 2024

MAHONY CLEANING LIMITED (REGISTERED NUMBER: 07899590)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,950 30,600
Tangible assets 5 41,552 46,935
64,502 77,535

CURRENT ASSETS
Stocks 1,100 1,100
Debtors 6 38,964 33,361
Cash at bank and in hand 189 89
40,253 34,550
CREDITORS
Amounts falling due within one year 7 85,463 77,423
NET CURRENT LIABILITIES (45,210 ) (42,873 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,292

34,662

CREDITORS
Amounts falling due after more than one
year

8

(14,899

)

(30,265

)

PROVISIONS FOR LIABILITIES 10 (3,865 ) (4,126 )
NET ASSETS 528 271

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 526 269
SHAREHOLDERS' FUNDS 528 271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAHONY CLEANING LIMITED (REGISTERED NUMBER: 07899590)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





J D Mahony - Director


MAHONY CLEANING LIMITED (REGISTERED NUMBER: 07899590)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Mahony Cleaning Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the service is rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised over its remaining useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and Machinery - 25% on Reducing balance
Motor vehicles - 25% on Reducing balance
Freehold Property - 2% on Cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


MAHONY CLEANING LIMITED (REGISTERED NUMBER: 07899590)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 26 ) .

MAHONY CLEANING LIMITED (REGISTERED NUMBER: 07899590)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 150,000
AMORTISATION
At 1 February 2023 119,400
Amortisation for year 7,650
At 31 January 2024 127,050
NET BOOK VALUE
At 31 January 2024 22,950
At 31 January 2023 30,600

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2023 26,642 16,699 26,965 70,306
Additions - 773 - 773
At 31 January 2024 26,642 17,472 26,965 71,079
DEPRECIATION
At 1 February 2023 1,427 10,147 11,797 23,371
Charge for year 533 1,831 3,792 6,156
At 31 January 2024 1,960 11,978 15,589 29,527
NET BOOK VALUE
At 31 January 2024 24,682 5,494 11,376 41,552
At 31 January 2023 25,215 6,552 15,168 46,935

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,045 29,417
Other debtors 13,919 3,944
38,964 33,361

MAHONY CLEANING LIMITED (REGISTERED NUMBER: 07899590)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,835 10,733
Hire purchase contracts 5,366 5,366
Trade creditors 8,279 12,265
Taxation and social security 50,983 46,903
Other creditors 2,000 2,156
85,463 77,423

Included within bank loans and overdrafts due in less than one year is a £10,160 bounce back loan (2023: £10,160) secured by Lloyds bank and in part by the HM Government Guarantee.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,005 24,005
Hire purchase contracts 894 6,260
14,899 30,265

Included within bank loans and overdrafts due in over one year is a £14,004 bounce back loan (2023: £24,005) secured by Lloyds bank and in part by the HM Government Guarantee.

9. SECURED DEBTS

The hire purchase contracts are secured on the relevant assets.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,865 4,126

Deferred
tax
£   
Balance at 1 February 2023 4,126
Accelerated capital allowances (261 )
Balance at 31 January 2024 3,865

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director had a loan relationship with the company. At the balance sheet date £10,280 (2023: £2,443) was owed to the company by the Director.