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Company registration number: 08939185
RANGE CLEANING SERVICES LIMITED
Unaudited filleted financial statements
30 June 2024
RANGE CLEANING SERVICES LIMITED
Contents
Statement of financial position
Notes to the financial statements
RANGE CLEANING SERVICES LIMITED
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - 10,000
Tangible assets 6 162,971 114,251
_______ _______
162,971 124,251
Current assets
Stock and work in progress 38,000 12,500
Debtors 7 136,564 165,264
Cash at bank and in hand 26,317 54,270
_______ _______
200,881 232,034
Creditors: amounts falling due
within one year 8 ( 162,011) ( 184,359)
_______ _______
Net current assets 38,870 47,675
_______ _______
Total assets less current liabilities 201,841 171,926
Creditors: amounts falling due
after more than one year 9 ( 36,022) ( 37,220)
Provisions for liabilities ( 40,411) ( 28,210)
_______ _______
Net assets 125,408 106,496
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 125,308 106,396
_______ _______
Shareholders funds 125,408 106,496
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 March 2025 , and are signed on behalf of the board by:
Mr S R Woods
Director
Company registration number: 08939185
RANGE CLEANING SERVICES LIMITED
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Hornchurch Industrial Estate, Hornchurch Close, Coventry, West Midlands, CV1 2QZ.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
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
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Fittings fixtures and equipment - 20 % reducing balance
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, 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.
Stocks
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 statement of financial position 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 44 (2023: 40 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 July 2023 and 30 June 2024 100,000 100,000
_______ _______
Amortisation
At 1 July 2023 90,000 90,000
Charge for the year 10,000 10,000
_______ _______
At 30 June 2024 100,000 100,000
_______ _______
Carrying amount
At 30 June 2024 - -
_______ _______
At 30 June 2023 10,000 10,000
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2023 22,902 202,040 224,942
Additions 1,749 107,899 109,648
Disposals - ( 29,657) ( 29,657)
_______ _______ _______
At 30 June 2024 24,651 280,282 304,933
_______ _______ _______
Depreciation
At 1 July 2023 13,591 97,100 110,691
Charge for the year 2,212 50,573 52,785
Disposals - ( 21,514) ( 21,514)
_______ _______ _______
At 30 June 2024 15,803 126,159 141,962
_______ _______ _______
Carrying amount
At 30 June 2024 8,848 154,123 162,971
_______ _______ _______
At 30 June 2023 9,311 104,940 114,251
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 113,159 139,778
Other debtors 23,405 25,486
_______ _______
136,564 165,264
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 47,856 45,744
Trade creditors 55,464 84,029
Corporation tax 8,797 19,189
Other creditors 49,894 35,397
_______ _______
162,011 184,359
_______ _______
Bank loans and overdrafts above includes an overdraft facility of £37,856 (2003:£25,744) secured on company assets.
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 9,167 19,167
Other creditors 26,855 18,053
_______ _______
36,022 37,220
_______ _______
10. Directors advances, credits and guarantees
As at 30 June 2024 the company owed £509 (2023: £802) to its director, Mr S R Woods . No interest is paid or payable on this loan.
11. Controlling party
The company is controlled by its director, Mr S R Woods , by virtue of his shareholding.