Company registration number 10914386 (England and Wales)
ETI CLEANING SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ETI CLEANING SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ETI CLEANING SERVICES LTD
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
765
1,264
Current assets
Stocks
232
318
Debtors
5
241
942
Cash at bank and in hand
416
4,070
889
5,330
Creditors: amounts falling due within one year
6
(3,646)
(3,069)
Net current (liabilities)/assets
(2,757)
2,261
Total assets less current liabilities
(1,992)
3,525
Creditors: amounts falling due after more than one year
7
(1,285)
(2,665)
Net (liabilities)/assets
(3,277)
860
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(3,278)
859
Total equity
(3,277)
860
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 her responsibilities for complying with the requirements of the Companies Act 2006 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.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 11 May 2025
Ms E Horvathova
Director
Company registration number 10914386 (England and Wales)
ETI CLEANING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
ETI Cleaning Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Murrills House, 48 East Street, Portchester, Fareham, Hampshire, England, PO16 9XS.
1.1
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 accounts have been prepared on a going concern basis on the understanding that the director will continue to financially support the company for the next twelve months.
During the year the shareholders drew dividends in excess of available reserves and are aware that should the company experience financial difficulties they may be required to repay them.
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 £.
1.2
Turnover
Turnover represents cleaning services.
1.3
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.
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% reducing balance
Computers
33% cost
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.
1.4
Stocks
Stocks are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
ETI CLEANING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 September 2023
1,726
1,458
3,184
Disposals
(430)
(430)
At 31 August 2024
1,296
1,458
2,754
Depreciation and impairment
At 1 September 2023
775
1,145
1,920
Depreciation charged in the year
219
203
422
Eliminated in respect of disposals
(353)
(353)
At 31 August 2024
641
1,348
1,989
Carrying amount
At 31 August 2024
655
110
765
At 31 August 2023
951
313
1,264
ETI CLEANING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
241
942
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,399
1,419
Corporation tax
950
312
Other creditors
1,297
1,338
3,646
3,069
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,285
2,665