Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13502931 Mrs Dominique Smith Mr Michael Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13502931 2023-03-31 13502931 2024-03-31 13502931 2023-04-01 2024-03-31 13502931 frs-core:CurrentFinancialInstruments 2024-03-31 13502931 frs-core:Non-currentFinancialInstruments 2024-03-31 13502931 frs-core:BetweenOneFiveYears 2024-03-31 13502931 frs-core:FurnitureFittings 2024-03-31 13502931 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13502931 frs-core:FurnitureFittings 2023-03-31 13502931 frs-core:MotorVehicles 2024-03-31 13502931 frs-core:MotorVehicles 2023-04-01 2024-03-31 13502931 frs-core:MotorVehicles 2023-03-31 13502931 frs-core:PlantMachinery 2024-03-31 13502931 frs-core:PlantMachinery 2023-04-01 2024-03-31 13502931 frs-core:PlantMachinery 2023-03-31 13502931 frs-core:WithinOneYear 2024-03-31 13502931 frs-core:ShareCapital 2024-03-31 13502931 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13502931 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13502931 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13502931 frs-bus:SmallEntities 2023-04-01 2024-03-31 13502931 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13502931 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13502931 frs-bus:Director1 2023-04-01 2024-03-31 13502931 frs-bus:Director1 2023-03-31 13502931 frs-bus:Director1 2024-03-31 13502931 frs-bus:Director2 2023-04-01 2024-03-31 13502931 frs-bus:Director2 2023-03-31 13502931 frs-bus:Director2 2024-03-31 13502931 frs-countries:EnglandWales 2023-04-01 2024-03-31 13502931 2022-03-31 13502931 2023-03-31 13502931 2022-04-01 2023-03-31 13502931 frs-core:CurrentFinancialInstruments 2023-03-31 13502931 frs-core:Non-currentFinancialInstruments 2023-03-31 13502931 frs-core:BetweenOneFiveYears 2023-03-31 13502931 frs-core:WithinOneYear 2023-03-31 13502931 frs-core:ShareCapital 2023-03-31 13502931 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13502931
M D Smith Cleaning Contractors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13502931
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,463 10,714
18,463 10,714
CURRENT ASSETS
Debtors 5 52,426 63,201
Cash at bank and in hand 44,617 1,337
97,043 64,538
Creditors: Amounts Falling Due Within One Year 6 (40,958 ) (24,480 )
NET CURRENT ASSETS (LIABILITIES) 56,085 40,058
TOTAL ASSETS LESS CURRENT LIABILITIES 74,548 50,772
Creditors: Amounts Falling Due After More Than One Year 7 (12,356 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,508 ) (1,040 )
NET ASSETS 58,684 49,732
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 58,682 49,730
SHAREHOLDERS' FUNDS 58,684 49,732
Page 1
Page 2
For the year ending 31 March 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 Profit and Loss Account.
On behalf of the board
Mrs Dominique Smith
Director
28/11/2024
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
M D Smith Cleaning Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13502931 . The registered office is C/O Accrue Accounting, Unit E4 Arena Business Centre, Holyrood Close, Poole, Dorset , BH17 7FP.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% 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
Page 3
Page 4
2.5. Taxation - continued
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 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 4,937 9,450 70 14,457
Additions - 18,300 - 18,300
Disposals - (5,000 ) - (5,000 )
As at 31 March 2024 4,937 22,750 70 27,757
Depreciation
As at 1 April 2023 1,250 2,467 26 3,743
Provided during the period 983 5,253 44 6,280
Disposals - (729 ) - (729 )
As at 31 March 2024 2,233 6,991 70 9,294
Net Book Value
As at 31 March 2024 2,704 15,759 - 18,463
As at 1 April 2023 3,687 6,983 44 10,714
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,390 39,916
Other debtors 7,036 23,285
52,426 63,201
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,167 -
Trade creditors (1 ) 2,484
Other creditors - 2,665
Taxation and social security 36,792 19,331
40,958 24,480
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,356 -
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,167 -
Later than one year and not later than five years 12,356 -
16,523 -
16,523 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Dominique Smith 2,104 68,903 66,970 - 4,037
Mr Michael Smith - 40,065 37,067 - 2,998
The above loan is unsecured, interest free and repayable on demand.
Page 5