Registered number
06652983
C L Floor Care Ltd
Filleted Accounts
31 July 2024
C L Floor Care Ltd
Registered number: 06652983
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 440,371 469,852
Current assets
Stocks 3,500 3,500
Debtors 5 17,540 38,496
Cash at bank and in hand 27,838 18,655
48,878 60,651
Creditors: amounts falling due within one year 6 (65,186) (100,527)
Net current liabilities (16,308) (39,876)
Total assets less current liabilities 424,063 429,976
Creditors: amounts falling due after more than one year 7 (285,030) (316,458)
Net assets 139,033 113,518
Capital and reserves
Called up share capital 3 3
Profit and loss account 139,030 113,515
Shareholder's funds 139,033 113,518
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Leigh
Director
Approved by the board on 10 February 2025
C L Floor Care Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 10,000
At 31 July 2024 10,000
Amortisation
At 1 August 2023 10,000
At 31 July 2024 10,000
Net book value
At 31 July 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 343,838 209,832 74,695 628,365
At 31 July 2024 343,838 209,832 74,695 628,365
Depreciation
At 1 August 2023 - 129,349 29,164 158,513
Charge for the year 6,877 17,134 5,470 29,481
At 31 July 2024 6,877 146,483 34,634 187,994
Net book value
At 31 July 2024 336,961 63,349 40,061 440,371
At 31 July 2023 343,838 80,483 45,531 469,852
5 Debtors 2024 2023
£ £
Trade debtors 17,540 38,496
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 516 446
Trade creditors 6,133 12,335
Taxation and social security costs 42,952 45,292
Director's account 12,256 39,254
Other creditors 3,329 3,200
65,186 100,527
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 263,385 279,174
Obligations under finance lease and hire purchase contracts 21,645 37,284
285,030 316,458
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 229,343 240,103
The Bank Loan is secured against 277 Clough Street, Hanley, Staffordshire.
9 Other information
C L Floor Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
277 Clough Street
Hanley
Stoke on Trent
Staffordshire
ST1 4BA
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