2 2 POLISHED2PERFECTION Ltd 10924638 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the general cleaning of buildings. Digita Accounts Production Advanced 6.30.9574.0 true 10924638 2023-09-01 2024-08-31 10924638 2024-08-31 10924638 bus:OrdinaryShareClass1 2024-08-31 10924638 core:RetainedEarningsAccumulatedLosses 2024-08-31 10924638 core:ShareCapital 2024-08-31 10924638 core:CurrentFinancialInstruments 2024-08-31 10924638 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10924638 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10924638 core:FurnitureFittingsToolsEquipment 2024-08-31 10924638 core:MotorVehicles 2024-08-31 10924638 bus:SmallEntities 2023-09-01 2024-08-31 10924638 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10924638 bus:FilletedAccounts 2023-09-01 2024-08-31 10924638 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10924638 bus:RegisteredOffice 2023-09-01 2024-08-31 10924638 bus:Director1 2023-09-01 2024-08-31 10924638 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10924638 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10924638 bus:Agent1 2023-09-01 2024-08-31 10924638 core:ComputerEquipment 2023-09-01 2024-08-31 10924638 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 10924638 core:MotorVehicles 2023-09-01 2024-08-31 10924638 countries:EnglandWales 2023-09-01 2024-08-31 10924638 2023-08-31 10924638 core:FurnitureFittingsToolsEquipment 2023-08-31 10924638 core:MotorVehicles 2023-08-31 10924638 2022-09-01 2023-08-31 10924638 2023-08-31 10924638 bus:OrdinaryShareClass1 2023-08-31 10924638 core:RetainedEarningsAccumulatedLosses 2023-08-31 10924638 core:ShareCapital 2023-08-31 10924638 core:CurrentFinancialInstruments 2023-08-31 10924638 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10924638 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 10924638 core:FurnitureFittingsToolsEquipment 2023-08-31 10924638 core:MotorVehicles 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 10924638

POLISHED2PERFECTION Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2024

 

POLISHED2PERFECTION Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

POLISHED2PERFECTION Ltd

Company Information

Director

Miss E Cookson

Registered office

1 Mottram Close
Middlewich
Cheshire
CW10 0NT

Accountants

Burton Beavan Limited
Chartered Certified Accountants112-114 C/o Burton Beavan
Witton Street
Northwich
Cheshire
CW9 5NW

 

POLISHED2PERFECTION Ltd

(Registration number: 10924638)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

50,090

13,620

Current assets

 

Debtors

5

11,679

19,880

Cash at bank and in hand

 

-

269

 

11,679

20,149

Creditors: Amounts falling due within one year

(4,958)

(13,760)

Net current assets

 

6,721

6,389

Total assets less current liabilities

 

56,811

20,009

Creditors: Amounts falling due after more than one year

(54,469)

(16,333)

Net assets

 

2,342

3,676

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

2,340

3,674

Shareholders' funds

 

2,342

3,676

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 April 2025
 

 

POLISHED2PERFECTION Ltd

(Registration number: 10924638)
Abridged Balance Sheet as at 31 August 2024

.........................................
Miss E Cookson
Director

 

POLISHED2PERFECTION Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Mottram Close
Middlewich
Cheshire
CW10 0NT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

POLISHED2PERFECTION Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% reducing balance method

Motor vehicles

15% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

POLISHED2PERFECTION Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

POLISHED2PERFECTION Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

709

21,995

22,704

Additions

-

58,917

58,917

Disposals

-

(21,995)

(21,995)

At 31 August 2024

709

58,917

59,626

Depreciation

At 1 September 2023

589

8,495

9,084

Charge for the year

30

8,917

8,947

Eliminated on disposal

-

(8,495)

(8,495)

At 31 August 2024

619

8,917

9,536

Carrying amount

At 31 August 2024

90

50,000

50,090

At 31 August 2023

120

13,500

13,620

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       
 

POLISHED2PERFECTION Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

7

Related party transactions

 

POLISHED2PERFECTION Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

10,544

Contributions paid to money purchase schemes

1,200

-

13,770

10,544