Registered number
05072988
PRESTIGE CLEANING CONTRACTORS LTD
Filleted Accounts
31 March 2024
PRESTIGE CLEANING CONTRACTORS LTD
Registered number: 05072988
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,000 8,800
Tangible assets 4 5,234 1,228
9,234 10,028
Current assets
Stocks 100 100
Debtors 5 23,301 27,824
Cash at bank and in hand 17,617 -
41,018 27,924
Creditors: amounts falling due within one year 6 (28,441) (28,967)
Net current assets/(liabilities) 12,577 (1,043)
Total assets less current liabilities 21,811 8,985
Creditors: amounts falling due after more than one year 7 (14,978) (12,388)
Net assets/(liabilities) 6,833 (3,403)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 5,833 (4,403)
Shareholders' funds 6,833 (3,403)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
N P Davis
Director
Approved by the board on 14 March 2025
PRESTIGE CLEANING CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 March 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill is being amortised at 5% per annum on cost.
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:
Fixtures, fittings, tools and equipment 20% per annum on cost
Motor vehicles 20% per annum on cost
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 recognised at transaction price including any transaction costs 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 recognised at transaction price net of any transaction costs.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 96,000
At 31 March 2024 96,000
Amortisation
At 1 April 2023 87,200
Provided during the year 4,800
At 31 March 2024 92,000
Net book value
At 31 March 2024 4,000
At 31 March 2023 8,800
4 Tangible fixed assets
Fixture, tools & equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 13,198 12,609 25,807
Additions - 6,396 6,396
At 31 March 2024 13,198 19,005 32,203
Depreciation
At 1 April 2023 12,330 12,249 24,579
Charge for the year 751 1,639 2,390
At 31 March 2024 13,081 13,888 26,969
Net book value
At 31 March 2024 117 5,117 5,234
At 31 March 2023 868 360 1,228
5 Debtors 2024 2023
£ £
Trade debtors 19,596 25,495
Prepayments 3,705 2,329
23,301 27,824
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 630 -
Trade creditors - 8,492
Taxation and social security costs 20,105 17,675
Accruals 5,814 2,800
Other creditors 1,892 -
28,441 28,967
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 14,978 1,766
Bank loans and overdrafts - 10,622
14,978 12,388
8 Other information
PRESTIGE CLEANING CONTRACTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
128A Evington Road
Leicester
LE2 1HL
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