Company registration number 10710186 (England and Wales)
WASHING AND LODGING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
WASHING AND LODGING LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
WASHING AND LODGING LTD
STATEMENT OF FINANCIAL POSITION
AS AT
29 APRIL 2024
29 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
30,226
50,421
Cash at bank and in hand
378
20
30,604
50,441
Creditors: amounts falling due within one year
4
(72,307)
(92,909)
Net current liabilities
(41,703)
(42,468)
Creditors: amounts falling due after more than one year
5
(25,087)
(27,544)
Net liabilities
(66,790)
(70,012)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(66,890)
(70,112)
Total equity
(66,790)
(70,012)
For the financial year ended 29 April 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 of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 January 2025 and are signed on its behalf by:
Mr J S Rowlands
Director
Company registration number 10710186 (England and Wales)
WASHING AND LODGING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
- 2 -
1
Accounting policies
Company information
Washing and Lodging Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 14 Aqueduct Mill, Aqueduct Street, Preston, Lancashire, PR1 7JN.
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 goods and services provided in the normal course of business, 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.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
17
3
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,827
Other debtors
30,226
42,594
30,226
50,421
WASHING AND LODGING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13
Trade creditors
2,448
1,471
Taxation and social security
24,432
23,757
Other creditors
45,427
67,668
72,307
92,909
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,087
27,544