Company registration number 08668056 (England and Wales)
SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
30 June 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
12,375
24,750
Tangible assets
4
7,397
20,541
19,772
45,291
Current assets
Debtors
5
6,855
12,475
Cash at bank and in hand
22,398
32,657
29,253
45,132
Creditors: amounts falling due within one year
6
(42,609)
(98,680)
Net current liabilities
(13,356)
(53,548)
Total assets less current liabilities
6,416
(8,257)
Creditors: amounts falling due after more than one year
7
-
0
(4,483)
Net assets/(liabilities)
6,416
(12,740)
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
6,415
(12,741)
Total equity
6,416
(12,740)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 26 March 2025
R M Bent
Director
Company registration number 08668056 (England and Wales)
SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Safeclean Thornlake Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 15 Wharfside Rosemont Road, Wembley, Middlesex, HA0 4PE.

1.1
Reporting period

The company's financial statements are presented for the period to 30 June 2024. The comparative amounts are presented for the period from 1 January 2022 to 31 December 2022. As such, comparative amounts presented in the financial statements and notes to financial statements are not directly comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

 

Sale of goods

Revenue arises from the sale of cleaning products.

Revenue is recognised when the customer accepts delivery of the goods.

 

Rendering of services

Revenue arises from the provision of industrial cleaning services.

Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Franchise fees
25% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Computers
33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2022
Number
Number
Total
4
4
3
Intangible fixed assets
Franchise fees
£
Cost
At 1 January 2023 and 30 June 2024
41,250
Amortisation and impairment
At 1 January 2023
16,500
Amortisation charged for the Period
12,375
At 30 June 2024
28,875
Carrying amount
At 30 June 2024
12,375
At 31 December 2022
24,750
SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023 and 30 June 2024
8,598
3,672
23,053
35,323
Depreciation and impairment
At 1 January 2023
3,839
1,749
9,194
14,782
Depreciation charged in the Period
2,820
1,576
8,748
13,144
At 30 June 2024
6,659
3,325
17,942
27,926
Carrying amount
At 30 June 2024
1,939
347
5,111
7,397
At 31 December 2022
4,759
1,923
13,859
20,541
5
Debtors
2024
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
12,235
Other debtors
6,855
240
6,855
12,475
6
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
7,420
2,993
Taxation and social security
10,503
13,293
Other creditors
24,686
82,394
42,609
98,680
7
Creditors: amounts falling due after more than one year
2024
2022
£
£
Other creditors
-
0
4,483
SAFECLEAN THORNLAKE LIMITED
PREVIOUSLY KNOWN AS LAKETHORNE SAFECLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 7 -
8
Called up share capital
2024
2022
2024
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
1 ordinary share of £1 each
1
1
1
1
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