NOTION SERVICES LTD Filleted Accounts Cover
NOTION SERVICES LTD
Company No. 09051759
Information for Filing with The Registrar
31 May 2024
NOTION SERVICES LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 May 2024.
Principal activities
The principal activity of the company during the year under review was window cleaning, general buildings maintenance and repair.
Directors
The Directors who served at any time during the year were as follows:
J. DURMAN
T. Rogers
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. DURMAN
Director
20 November 2024
NOTION SERVICES LTD Balance Sheet Registrar
at
31 May 2024
Company No.
09051759
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
--
Tangible assets
5
28,75447,740
28,75447,740
Current assets
Debtors
6
444,392198,158
444,392198,158
Creditors: Amount falling due within one year
7
(282,165)
(196,342)
Net current assets
162,2271,816
Total assets less current liabilities
190,98149,556
Creditors: Amounts falling due after more than one year
8
(183,272)
(23,203)
Provisions for liabilities
Deferred taxation
(5,464)
(8,859)
Net assets
2,24517,494
Capital and reserves
Called up share capital
164164
Share premium account
9
1,1761,176
Profit and loss account
9
90516,154
Total equity
2,24517,494
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 November 2024 and signed on its behalf by:
J. DURMAN
Director
20 November 2024
NOTION SERVICES LTD Notes to the Accounts Registrar
for the year ended 31 May 2024
1
General information
NOTION SERVICES LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09051759
Its registered office is:
Ground Floor
Cromwell House
15 Andover Road
Winchester
SO23 7BT
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
33% Reducing balance
Motor vehicles
33% Reducing balance
Furniture, fittings and equipment
33% Reducing balance
Goodwill is written down over a four year straight line basis
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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
79
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 June 2023
10,00010,000
At 31 May 2024
10,00010,000
Amortisation and impairment
At 1 June 2023
10,00010,000
At 31 May 2024
10,00010,000
Net book values
At 31 May 2024
--
At 31 May 2023
--
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 June 2023
21,484177,24822,789221,521
Additions
--1,8981,898
Disposals
-
(22,407)
-
(22,407)
At 31 May 2024
21,484154,84124,687201,012
Depreciation
At 1 June 2023
18,745139,87615,160173,781
Charge for the year
91211,9843,09215,988
Disposals
-
(17,511)
-
(17,511)
At 31 May 2024
19,657134,34918,252172,258
Net book values
At 31 May 2024
1,82720,4926,43528,754
At 31 May 2023
2,739
37,372
7,629
47,740
6
Debtors
2024
2023
£
£
Trade debtors
157,957165,162
Loans to directors
9,983-
Other debtors
9,21312,657
Prepayments and accrued income
267,23920,339
444,392198,158
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
15,24116,195
Other loans
25,865-
Obligations under finance lease and hire purchase contracts
1,2129,610
Trade creditors
11,2859,185
Taxes and social security
103,246
73,017
Loans from directors
1,0602,279
Other creditors
118,20084,795
Accruals and deferred income
6,0561,261
282,165196,342
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,37021,594
Other loans
171,902-
Obligations under finance lease and hire purchase contracts
-1,609
183,27223,203
9
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
102,300
60,500
102,300
60,500
Dividends by type:
Equity dividends
102,30060,500
102,300
60,500
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