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Registered number: 11203160
Professional Carpet Cleaners Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
19 Fountain Street
Leeds
LS27 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11203160
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,232 32,248
52,232 32,248
CURRENT ASSETS
Debtors 5 216,122 224,408
Cash at bank and in hand 82,851 50,572
298,973 274,980
Creditors: Amounts Falling Due Within One Year 6 (29,029 ) (38,766 )
NET CURRENT ASSETS (LIABILITIES) 269,944 236,214
TOTAL ASSETS LESS CURRENT LIABILITIES 322,176 268,462
Creditors: Amounts Falling Due After More Than One Year 7 (37,401 ) (24,730 )
NET ASSETS 284,775 243,732
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 284,774 243,731
SHAREHOLDERS' FUNDS 284,775 243,732
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Barry Nuckley
Director
26/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Professional Carpet Cleaners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11203160 . The registered office is 19, George Barker & Co, Fountain Street, Leeds, LS27 9AE.
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. 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 Reducing Balance
Motor Vehicles Reducing Balance
Computer Equipment Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
...CONTINUED
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 9,787 55,252 5,676 70,715
Additions 9,000 26,989 741 36,730
As at 29 February 2024 18,787 82,241 6,417 107,445
Depreciation
As at 1 March 2023 3,725 31,397 3,345 38,467
Provided during the period 3,012 12,711 1,023 16,746
As at 29 February 2024 6,737 44,108 4,368 55,213
Net Book Value
As at 29 February 2024 12,050 38,133 2,049 52,232
As at 1 March 2023 6,062 23,855 2,331 32,248
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,694 9,724
Prepayments and accrued income 270 695
Director's loan account 207,158 213,989
216,122 224,408
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,681 334
Bank loans and overdrafts 7,946 2,111
Corporation tax 5,059 28,251
VAT 11,023 6,750
Accruals and deferred income 1,320 1,320
29,029 38,766
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,734 10,063
Bounce Back Loan 10,667 14,667
37,401 24,730
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 26,734 10,063
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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