Registered number
10583185
SMART TOUCH CLEANING LTD
Filleted Accounts
31 January 2024
SMART TOUCH CLEANING LTD
Registered number: 10583185
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,320 6,650
Current assets
Debtors 4 784 1,272
Cash at bank and in hand 50,248 46,110
51,032 47,382
Creditors: amounts falling due within one year 5 (35,694) (37,536)
Net current assets 15,338 9,846
Net assets 20,658 16,496
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,657 16,495
Shareholder's funds 20,658 16,496
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.
Ibrahim MUSSA
Director
Approved by the board on 30 October 2024
SMART TOUCH CLEANING LTD
Notes to the Accounts
for the year ended 31 January 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 3,910 10,199 14,109
At 31 January 2024 3,910 10,199 14,109
Depreciation
At 1 February 2023 3,406 4,053 7,459
Charge for the year 1,330 - 1,330
At 31 January 2024 4,736 4,053 8,789
Net book value
At 31 January 2024 (826) 6,146 5,320
At 31 January 2023 504 6,146 6,650
4 Debtors 2024 2023
£ £
Trade debtors 784 1,272
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 32,720 31,141
Taxation and social security costs 2,973 2,188
Other creditors 1 4,207
35,694 37,536
6 Other information
SMART TOUCH CLEANING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Hoxton Mix Limited 86-90 Paul Street
3rd Floor, Ec2a 4ne
London
United Kingdom
EC2A 4NE
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