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Filleted
Registration number: 07202747

Quality Cleaning Solutions (Wales) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Quality Cleaning Solutions (Wales) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Quality Cleaning Solutions (Wales) Ltd

Company Information

Director

Mr Antony Leamon

Registered office

Suite 3 & 6
Block B
Llys y Barcud
Cross Hands
SA14 6RX

Accountants

LHP Cross Hands
Chartered Certified AccountantsSuite 3 & 6
Block B
Llys y Barcud
Cross Hands
SA14 6RX

 

Quality Cleaning Solutions (Wales) Ltd

(Registration number: 07202747)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,785

2,232

Current assets

 

Debtors

5

-

665

Cash at bank and in hand

 

12,448

19,886

 

12,448

20,551

Creditors: Amounts falling due within one year

6

(1,271)

(7,293)

Net current assets

 

11,177

13,258

Total assets less current liabilities

 

12,962

15,490

Creditors: Amounts falling due after more than one year

6

(7,436)

(4,266)

Net assets

 

5,526

11,224

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

5,525

11,223

Shareholders' funds

 

5,526

11,224

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.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 December 2024
 

.........................................
Mr Antony Leamon
Director

   
     
 

Quality Cleaning Solutions (Wales) Ltd

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 & Wales.

The address of its registered office is:
Suite 3 & 6
Block B
Llys y Barcud
Cross Hands
SA14 6RX

These financial statements were authorised for issue by the director on 20 December 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.

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

Motor Vehicles

20% Reducing Balance

Plant & Machinery

20% Reducing Balance

 

Quality Cleaning Solutions (Wales) Ltd

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Quality Cleaning Solutions (Wales) Ltd

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

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

6,077

11,484

17,561

At 31 March 2024

6,077

11,484

17,561

Depreciation

At 1 April 2023

5,744

9,585

15,329

Charge for the year

67

380

447

At 31 March 2024

5,811

9,965

15,776

Carrying amount

At 31 March 2024

266

1,519

1,785

At 31 March 2023

333

1,899

2,232

5

Debtors

Current

2024
£

2023
£

Other debtors

-

665

 

-

665

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

-

788

Other related parties

 

-

3,404

Other creditors

 

1,271

3,101

 

1,271

7,293

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

7,436

4,266

 

Quality Cleaning Solutions (Wales) Ltd

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,949

4,266

Other borrowings

3,487

-

7,436

4,266

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

788

9

Related party transactions