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Registered number: 11972176
Tao Cleaning Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11972176
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 70,000 70,000
Tangible Assets 5 204 1,003
70,204 71,003
CURRENT ASSETS
Debtors 6 73,960 96,834
Cash at bank and in hand 52,148 -
126,108 96,834
Creditors: Amounts Falling Due Within One Year 7 (63,369 ) (104,918 )
NET CURRENT ASSETS (LIABILITIES) 62,739 (8,084 )
TOTAL ASSETS LESS CURRENT LIABILITIES 132,943 62,919
Creditors: Amounts Falling Due After More Than One Year 8 (256,885 ) (137,931 )
NET LIABILITIES (123,942 ) (75,012 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (124,042 ) (75,112 )
SHAREHOLDERS' FUNDS (123,942) (75,012)
Page 1
Page 2
For the year ending 31 May 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 her 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 Egle Lazinskaite
Director
8 January 2025
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
Tao Cleaning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11972176 . The registered office is 10 Enterprise Way, London, NW10 6UG.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Computer Equipment 25% SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 7)
5 7
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 70,000
As at 31 May 2024 70,000
Net Book Value
As at 31 May 2024 70,000
As at 1 June 2023 70,000
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 3,586
As at 31 May 2024 3,586
Depreciation
As at 1 June 2023 2,583
Provided during the period 799
As at 31 May 2024 3,382
Net Book Value
As at 31 May 2024 204
As at 1 June 2023 1,003
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,057 69,559
CIS Suffered 6,307 5,679
Other debtors (1) 21,596 21,596
73,960 96,834
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2,212 ) (2,214 )
Bank loans and overdrafts - 13,085
Other loans 2,042 10,000
Corporation tax 2,654 2,654
Other taxes and social security 2,665 871
VAT - 11,077
Net wages - 12,976
PAYE 34,731 14,539
CIS Withhold 79 -
LOC- Capital on Tap 13,338 12,841
Director's loan account 10,072 29,089
63,369 104,918
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 64,697 86,221
Other loans 51,030 51,710
VAT 141,158 -
256,885 137,931
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5