Clean Network London Ltd


FINANCIAL STATEMENTS


for the year ended 30th November 2024



Clean Network London Ltd

CONTENTS

for the year ended 30th November 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Clean Network London Ltd

Company No. 13718128

STATEMENT OF FINANCIAL POSITION

as at 30th November 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment44486929841
4486929841
CURRENT ASSETS
Stocks5122485688
Debtors686051135293
Cash at bank and in hand163304559
114629145540
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7114390145294
NET CURRENT ASSETS239246
TOTAL ASSETS LESS CURRENT LIABILITIES4510830087
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS4510830087
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings4500829987
SHAREHOLDERS FUNDS4510830087

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th November 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 16 April 2025


Leary B

Director

Company Number 13718128 (England)

Clean Network London Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th November 2024


1   Statutory information

Clean Network London Ltd is a private company limited by shares and registered under company number 13718128 in England. Its registered office address is 6-8 Bonhill Street, London, England, EC2A 4BX.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles15% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 18 (2023 - 5).

4   Property, plant and equipment
 
Plant
and
MachineryTotal
££
Cost
At 1st December 2023 3186531865
Additions1592315923
At 30th November 20244778847788
 
Depreciation
At 1st December 2023 20242024
Charge for year895895
At 30th November 202429192919
 
Net Book Value
At 30th November 20244486944869
At 30th November 20232984129841

5   Stocks20242023
££
 
Work in progress122485688
122485688

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20242023
££
 
Trade Debtors86051126293
Other debtors-9000
86051135293

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts1448-
Trade Creditors87738090
Amounts owed to group undertakings and undertakings in which the
 Company has a participating interest2075124852
Corporation tax3434
Taxes and social security costs1181431841
Other creditors7157080477
114390145294

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
Leary B740423147
740423147

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