11
30/04/2024
2024-04-30
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2023-05-01
Sage Accounts Production 23.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
NI601993
2023-05-01
2024-04-30
NI601993
2024-04-30
NI601993
2023-04-30
NI601993
2022-05-01
2023-04-30
NI601993
2023-04-30
NI601993
2022-04-30
NI601993
core:NetGoodwill
2023-05-01
2024-04-30
NI601993
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-05-01
2024-04-30
NI601993
core:PlantMachinery
2023-05-01
2024-04-30
NI601993
core:FurnitureFittingsToolsEquipment
2023-05-01
2024-04-30
NI601993
core:MotorVehicles
2023-05-01
2024-04-30
NI601993
bus:RegisteredOffice
2023-05-01
2024-04-30
NI601993
bus:LeadAgentIfApplicable
2023-05-01
2024-04-30
NI601993
bus:Director1
2023-05-01
2024-04-30
NI601993
bus:Director2
2023-05-01
2024-04-30
NI601993
core:NetGoodwill
2023-04-30
NI601993
core:NetGoodwill
2024-04-30
NI601993
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-30
NI601993
core:PlantMachinery
2023-04-30
NI601993
core:FurnitureFittingsToolsEquipment
2023-04-30
NI601993
core:MotorVehicles
2023-04-30
NI601993
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-04-30
NI601993
core:PlantMachinery
2024-04-30
NI601993
core:FurnitureFittingsToolsEquipment
2024-04-30
NI601993
core:MotorVehicles
2024-04-30
NI601993
core:WithinOneYear
2024-04-30
NI601993
core:WithinOneYear
2023-04-30
NI601993
core:AfterOneYear
2024-04-30
NI601993
core:AfterOneYear
2023-04-30
NI601993
core:UKTax
2023-05-01
2024-04-30
NI601993
core:UKTax
2022-05-01
2023-04-30
NI601993
core:ShareCapital
2024-04-30
NI601993
core:ShareCapital
2023-04-30
NI601993
core:RetainedEarningsAccumulatedLosses
2024-04-30
NI601993
core:RetainedEarningsAccumulatedLosses
2023-04-30
NI601993
core:NetGoodwill
2023-04-30
NI601993
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-30
NI601993
core:PlantMachinery
2023-04-30
NI601993
core:FurnitureFittingsToolsEquipment
2023-04-30
NI601993
core:MotorVehicles
2023-04-30
NI601993
bus:Director1
2023-04-30
NI601993
bus:Director1
2024-04-30
NI601993
bus:Director1
2022-04-30
NI601993
bus:Director1
2023-04-30
NI601993
bus:Director1
2022-05-01
2023-04-30
NI601993
bus:SmallEntities
2023-05-01
2024-04-30
NI601993
bus:AuditExempt-NoAccountantsReport
2023-05-01
2024-04-30
NI601993
bus:FullAccounts
2023-05-01
2024-04-30
NI601993
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
NI601993
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
NI601993
1
2023-05-01
2024-04-30
NI601993
2
2022-05-01
2023-04-30
Company registration number:
NI601993
White Label Cleaners Ltd
Unaudited filleted financial statements
30 April 2024
White Label Cleaners Ltd
Contents
Directors and other information
Directors report
Balance sheet
Notes to the financial statements
White Label Cleaners Ltd
Directors and other information
|
|
|
|
Directors |
Gareth Hodgen |
|
|
Susan Hodgen |
|
|
|
|
|
|
|
Company number |
NI601993 |
|
|
|
|
|
|
|
Registered office |
15 Commercial Road |
|
|
Banbridge |
|
|
Down |
|
|
BT323ES |
|
|
|
|
|
|
|
Accountants |
Jones Peters Chartered Accountants |
|
|
6 / 7 Church Street |
|
|
Banbridge |
|
|
Down |
|
|
BT32 4AA |
|
|
|
White Label Cleaners Ltd
Directors report
Year ended 30 April 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2024.
Directors
The directors who served the company during the year were as follows:
|
Gareth Hodgen |
Susan Hodgen |
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
06 February 2025
and signed on behalf of the board by:
Gareth Hodgen
Director
White Label Cleaners Ltd
Balance sheet
30 April 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
40,000 |
|
|
|
60,000 |
|
|
Tangible assets |
|
7 |
396,546 |
|
|
|
334,532 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
436,546 |
|
|
|
394,532 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
1,922 |
|
|
|
11,625 |
|
|
Debtors |
|
8 |
80,617 |
|
|
|
72,003 |
|
|
Cash at bank and in hand |
|
|
23,189 |
|
|
|
31,192 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
105,728 |
|
|
|
114,820 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
229,147) |
|
|
|
(
228,644) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
123,419) |
|
|
|
(
113,824) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
313,127 |
|
|
|
280,708 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
10 |
|
|
(
129,484) |
|
|
|
(
180,464) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
50,155) |
|
|
|
(
30,175) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
133,488 |
|
|
|
70,069 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
2 |
|
|
|
2 |
Profit and loss account |
|
|
|
|
133,486 |
|
|
|
70,067 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
133,488 |
|
|
|
70,069 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
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 directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss and Retained Earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
06 February 2025
, and are signed on behalf of the board by:
Gareth Hodgen
Director
Company registration number:
NI601993
White Label Cleaners Ltd
Notes to the financial statements
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 15 Commercial Road, Banbridge, Down, BT323ES.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Goodwill |
- |
10 % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
4 % |
straight line |
|
Plant and machinery |
- |
4 % |
straight line |
|
Fittings fixtures and equipment |
- |
20 % |
straight line |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date by the directors, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2023:
11
).
5.
Tax on profit
Major components of tax expense
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Current tax: |
|
|
|
|
UK current tax expense |
|
3,273 |
20,958 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Deferred tax: |
|
|
|
|
Deferred Tax |
|
19,980 |
592 |
|
|
|
_______ |
_______ |
|
Tax on profit |
|
23,253 |
21,550 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Reconciliation of tax expense
The tax assessed on the profit / loss for the year is 19% .
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Profit before taxation |
|
86,672 |
56,079 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Profit multiplied by rate of tax |
|
16,468 |
10,840 |
|
Effect of depreciation |
|
6,698 |
17,284 |
|
Effect of capital allowances |
|
(
31,933) |
(
7,284) |
|
Effect of expenses not deductible for tax purposes |
|
3,977 |
118 |
|
Utilisation of tax losses |
|
4,790 |
- |
|
Chargeable gain |
|
3,273 |
- |
|
|
|
_______ |
_______ |
|
Tax on profit |
|
3,273
|
20,958
|
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 May 2023 and 30 April 2024 |
200,000 |
200,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 May 2023 |
140,000 |
140,000 |
|
|
|
|
|
Charge for the year |
20,000 |
20,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 April 2024 |
160,000 |
160,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 April 2024 |
40,000 |
40,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 April 2023 |
60,000 |
60,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 May 2023 |
209,199 |
427,627 |
81,113 |
32,833 |
750,772 |
|
|
|
Additions |
28,724 |
97,018 |
2,518 |
35,460 |
163,720 |
|
|
|
Disposals |
(
79,307) |
(
27,418) |
- |
- |
(
106,725) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 30 April 2024 |
158,616 |
497,227 |
83,631 |
68,293 |
807,767 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 May 2023 |
33,483 |
292,382 |
70,186 |
20,189 |
416,240 |
|
|
|
Charge for the year |
5,581 |
15,482 |
8,866 |
5,324 |
35,253 |
|
|
|
Disposals |
(
13,021) |
(
27,251) |
- |
- |
(
40,272) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 30 April 2024 |
26,043 |
280,613 |
79,052 |
25,513 |
411,221 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 April 2024 |
132,573 |
216,614 |
4,579 |
42,780 |
396,546 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 30 April 2023 |
175,716 |
135,245 |
10,927 |
12,644 |
334,532 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
19,670 |
13,062 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
51,000 |
- |
|
Other debtors and prepayments |
|
9,947 |
58,941 |
|
|
|
_______ |
_______ |
|
|
|
80,617 |
72,003 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
44,741 |
45,180 |
|
Trade creditors |
|
87,754 |
42,309 |
|
Corporation tax |
|
3,244 |
23,923 |
|
Social security and other taxes |
|
24,505 |
13,162 |
|
Other creditors and accruals |
|
68,903 |
104,070 |
|
|
|
_______ |
_______ |
|
|
|
229,147 |
228,644 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
101,708 |
174,432 |
|
Other creditors |
|
27,776 |
6,032 |
|
|
|
_______ |
_______ |
|
|
|
129,484 |
180,464 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Gareth Hodgen |
(
39,933) |
(
7,109) |
(
47,042) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Gareth Hodgen |
(
93,586) |
53,653 |
(
39,933) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|