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Registered number: 12308786
CMR Window Cleaning Ltd
Financial Statements
For The Year Ended 29 February 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr C Riordan
Miss F Sweeney
Company Number 12308786
Registered Office Unit 90 Capital Business Centre
22 Carlton Road
South Croydon
Surrey
CR2 0BS
Business Unit 90 Capital Business Centre
22 Carlton Road
South Croydon
Surrey
CR2 0BS
Accountants BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of CMR Window Cleaning Ltd for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CMR Window Cleaning Ltd for the year ended 29 February 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of CMR Window Cleaning Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of CMR Window Cleaning Ltd and state those matters that we have agreed to state to the directors of CMR Window Cleaning Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CMR Window Cleaning Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that CMR Window Cleaning Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of CMR Window Cleaning Ltd . You consider that CMR Window Cleaning Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of CMR Window Cleaning Ltd . 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 financial statements.
Signed
18/10/2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Page 2
Page 3
Statement of Financial Position
Registered number: 12308786
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 12,500
Tangible Assets 5 51,312
63,812
CURRENT ASSETS
Debtors 6 6,734
Cash at bank and in hand 26,826
33,560
Creditors: Amounts Falling Due Within One Year 7 (45,983 )
NET CURRENT ASSETS (LIABILITIES) (12,423 )
TOTAL ASSETS LESS CURRENT LIABILITIES 51,389
Creditors: Amounts Falling Due After More Than One Year 8 (49,345 )
NET ASSETS 2,044
CAPITAL AND RESERVES
Called up share capital 9 100
Income Statement 1,944
SHAREHOLDERS' FUNDS 2,044
Page 3
Page 4
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr C Riordan
Director
Miss F Sweeney
Director
18/10/2024
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
CMR Window Cleaning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12308786 . The registered office is Unit 90 Capital Business Centre, 22 Carlton Road, South Croydon, Surrey, CR2 0BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Page 5
Page 6
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 50,000
As at 29 February 2024 50,000
Amortisation
As at 1 March 2023 25,000
Provided during the period 12,500
As at 29 February 2024 37,500
Net Book Value
As at 29 February 2024 12,500
As at 1 March 2023 25,000
Page 6
Page 7
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 - 5,290 5,238 10,528
Additions 4,130 48,523 - 52,653
As at 29 February 2024 4,130 53,813 5,238 63,181
Depreciation
As at 1 March 2023 - 3,290 3,338 6,628
Provided during the period 730 4,131 380 5,241
As at 29 February 2024 730 7,421 3,718 11,869
Net Book Value
As at 29 February 2024 3,400 46,392 1,520 51,312
As at 1 March 2023 - 2,000 1,900 3,900
6. Debtors
2024
£
Due within one year
Amounts owed by group undertakings 6,734
7. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 7,510
Taxation and social security 38,473
45,983
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
BB Loan 6,750
Black Horse 21,889
CA Auto Finance 11,281
Other creditors 9,425
49,345
Page 7
Page 8
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
Page 8