Company Registration No. 04948767 (England and Wales)
WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
Company Registration No. 04948767
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
16,000
20,000
Tangible assets
4
9,648
16,346
25,648
36,346
Current assets
Stocks
4,821
10,580
Debtors
5
72,790
42,939
Cash at bank and in hand
15,651
29,164
93,262
82,683
Creditors: amounts falling due within one year
6
(105,091)
(94,380)
Net current liabilities
(11,829)
(11,697)
Total assets less current liabilities
13,819
24,649
Creditors: amounts falling due after more than one year
7
(11,667)
(28,295)
Net assets/(liabilities)
2,152
(3,646)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
2,052
(3,746)
Total equity
2,152
(3,646)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
Company Registration No. 04948767
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 4 January 2025
P Moir
Director
WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Weybridge Dry Cleaners & Launderers Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 9 Bridge Street, Walton On Thames, KT12 1AE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in washing and drying, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Goodwill
10 year straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
10 year straight line
Plant and equipment
6.7 year straight line
Motor vehicles
25% on reducing balance
WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
40,000
Amortisation and impairment
At 1 April 2023
20,000
Amortisation charged for the year
4,000
At 31 March 2024
24,000
Carrying amount
At 31 March 2024
16,000
At 31 March 2023
20,000
WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023
3,508
49,155
52,663
Additions
-
0
932
932
At 31 March 2024
3,508
50,087
53,595
Depreciation and impairment
At 1 April 2023
1,754
34,563
36,317
Depreciation charged in the year
351
7,279
7,630
At 31 March 2024
2,105
41,842
43,947
Carrying amount
At 31 March 2024
1,403
8,245
9,648
At 31 March 2023
1,754
14,592
16,346
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
72,790
42,939
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
17,337
14,576
Trade creditors
22,535
31,229
Taxation and social security
36,886
25,703
Other creditors
28,333
22,872
105,091
94,380
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,667
28,295
WEYBRIDGE DRY CLEANERS & LAUNDERERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions

At the beginning of the year the director P Moir owed the company £39,068. During the year advances totalling £98,635 were made to the director and repayments totalled £74,240. At the balance sheet date the balance due from the director was £63,463.

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