Southsea Textile Cleaners Limited 12404473 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dry cleaners. Digita Accounts Production Advanced 6.30.9574.0 true 12404473 2023-04-01 2024-03-31 12404473 2024-03-31 12404473 bus:OrdinaryShareClass1 2024-03-31 12404473 core:RetainedEarningsAccumulatedLosses 2024-03-31 12404473 core:ShareCapital 2024-03-31 12404473 core:CurrentFinancialInstruments 2024-03-31 12404473 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12404473 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 12404473 core:FurnitureFittingsToolsEquipment 2024-03-31 12404473 bus:SmallEntities 2023-04-01 2024-03-31 12404473 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12404473 bus:FilletedAccounts 2023-04-01 2024-03-31 12404473 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12404473 bus:RegisteredOffice 2023-04-01 2024-03-31 12404473 bus:Director1 2023-04-01 2024-03-31 12404473 bus:Director2 2023-04-01 2024-03-31 12404473 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 12404473 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12404473 core:FurnitureFittings 2023-04-01 2024-03-31 12404473 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 12404473 core:PlantMachinery 2023-04-01 2024-03-31 12404473 countries:EnglandWales 2023-04-01 2024-03-31 12404473 2023-03-31 12404473 core:FurnitureFittingsToolsEquipment 2023-03-31 12404473 2022-04-01 2023-03-31 12404473 2023-03-31 12404473 bus:OrdinaryShareClass1 2023-03-31 12404473 core:RetainedEarningsAccumulatedLosses 2023-03-31 12404473 core:ShareCapital 2023-03-31 12404473 core:CurrentFinancialInstruments 2023-03-31 12404473 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12404473 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 12404473 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12404473

Southsea Textile Cleaners Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Southsea Textile Cleaners Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Southsea Textile Cleaners Limited

Company Information

Directors

Mr P R Durham

Mrs J Durham

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Southsea Textile Cleaners Limited

(Registration number: 12404473)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

570

763

Current assets

 

Debtors

5

8,145

7,937

Cash at bank and in hand

 

666

1,520

 

8,811

9,457

Creditors: Amounts falling due within one year

6

(9,548)

(9,756)

Net current liabilities

 

(737)

(299)

Total assets less current liabilities

 

(167)

464

Creditors: Amounts falling due after more than one year

6

(100)

(100)

Provisions for liabilities

-

(208)

Net (liabilities)/assets

 

(267)

156

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(269)

154

Shareholders' (deficit)/funds

 

(267)

156

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

 

Southsea Textile Cleaners Limited

(Registration number: 12404473)
Balance Sheet as at 31 March 2024

.........................................
Mr P R Durham
Director

 

Southsea Textile Cleaners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Southsea Textile Cleaners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 years straight line basis

Plant and machinery

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Southsea Textile Cleaners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

 

Southsea Textile Cleaners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,039

2,039

At 31 March 2024

2,039

2,039

Depreciation

At 1 April 2023

1,276

1,276

Charge for the year

193

193

At 31 March 2024

1,469

1,469

Carrying amount

At 31 March 2024

570

570

At 31 March 2023

763

763

5

Debtors

Current

2024
£

2023
£

Trade debtors

758

175

Prepayments

5,998

6,373

Other debtors

1,389

1,389

 

8,145

7,937

 

Southsea Textile Cleaners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

3,884

2,262

Taxation and social security

1,076

1,836

Accruals and deferred income

1,800

2,664

Other creditors

2,788

2,994

9,548

9,756

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

100

100

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2