Registered number
12094232
Oliver James - Window Cleaner Ltd
Filleted Accounts
31 July 2024
Oliver James - Window Cleaner Ltd
Registered number: 12094232
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 300
Tangible assets 4 24,302 42,763
24,302 43,063
Current assets
Debtors 5 29,342 9,406
Cash at bank and in hand 10,937 20,115
40,279 29,521
Creditors: amounts falling due within one year 6 (43,622) (32,867)
Net current liabilities (3,343) (3,346)
Total assets less current liabilities 20,959 39,717
Creditors: amounts falling due after more than one year 7 (20,908) (39,209)
Net assets 51 508
Capital and reserves
Called up share capital 100 100
Profit and loss account (49) 408
Shareholder's funds 51 508
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.
O J Metherell
Director
Approved by the board on 20 December 2024
Oliver James - Window Cleaner 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 1,500
At 31 July 2024 1,500
Amortisation
At 1 August 2023 1,200
Provided during the year 300
At 31 July 2024 1,500
Net book value
At 31 July 2024 -
At 31 July 2023 300
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 9,760 93,832 103,592
Additions 258 2,231 2,489
At 31 July 2024 10,018 96,063 106,081
Depreciation
At 1 August 2023 6,845 53,984 60,829
Charge for the year 1,978 18,972 20,950
At 31 July 2024 8,823 72,956 81,779
Net book value
At 31 July 2024 1,195 23,107 24,302
At 31 July 2023 2,915 39,848 42,763
5 Debtors 2024 2023
£ £
Other debtors 29,342 9,406
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,171 3,171
Obligations under finance lease and hire purchase contracts 15,127 17,247
Taxation and social security costs 20,783 10,412
Other creditors 4,541 2,037
43,622 32,867
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,326 18,500
Obligations under finance lease and hire purchase contracts 5,582 20,709
20,908 39,209
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
O J Metherell
Loans to director - 15,452 - 15,452
- 15,452 - 15,452
9 Controlling party
The company considers the director to be its controlling party.
10 Other information
Oliver James - Window Cleaner Ltd is a private company limited by shares and incorporated in England. Its registered office is:
89 Weymoor Road
Birmingham
B17 0RS
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