Registered number
06926063
CMS DRY CLEANERS & LAUNDRETTE LTD
Filleted Accounts
30 June 2024
CMS DRY CLEANERS & LAUNDRETTE LTD
Registered number: 06926063
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 940 940
Current assets
Cash at bank and in hand 23 609
Creditors: amounts falling due within one year 4 (3,248) (3,834)
Net current liabilities (3,225) (3,225)
Net liabilities (2,285) (2,285)
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,385) (2,385)
Shareholders' funds (2,285) (2,285)
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.
Fawad Asif
Director
Approved by the board on 19 March 2025
CMS DRY CLEANERS & LAUNDRETTE LTD
Notes to the Accounts
for the year ended 30 June 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.Turnover includes revenue earned from the rendering of services. 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.
Going Concern
Despite lack of trading during the current year the directors expect trading to commence in the forseable future. The company has no external borrowing or debts and no external credit will be required in the future. The company has been financed by its director, who will not call in repayment of the debt within the foreseeable future. As a result the going concern basis of accounting is adopted.
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, 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 over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 6,430 9,614 16,044
At 30 June 2024 6,430 9,614 16,044
Depreciation
At 1 July 2023 6,430 8,674 15,104
At 30 June 2024 6,430 8,674 15,104
Net book value
At 30 June 2024 - 940 940
At 30 June 2023 - 940 940
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 339
Other creditors 3,248 3,495
3,248 3,834
5 Controlling party
The company was both in the current and preceding accounting periods under the ultimate control of its directors by virtue of their ownership of the company’s entire issued share capital.
6 Other information
CMS DRY CLEANERS & LAUNDRETTE LTD is a private company limited by shares and incorporated in England. Its registered office is:
155A West Green Road
London
N15 5EA
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