Registered number
04587155
Clean And Retrieve Limited
Filleted Accounts
30 April 2025
Clean And Retrieve Limited
Registered number: 04587155
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 971,388 649,047
Investments 4 - 256,449
971,388 905,496
Current assets
Stocks 92,498 48,881
Debtors 5 464,206 353,370
Cash at bank and in hand 779,122 559,988
1,335,826 962,239
Creditors: amounts falling due within one year 6 (463,525) (353,910)
Net current assets 872,301 608,329
Total assets less current liabilities 1,843,689 1,513,825
Creditors: amounts falling due after more than one year 7 (379,991) (458,217)
Provisions for liabilities (236,397) (130,000)
Net assets 1,227,301 925,608
Capital and reserves
Called up share capital 120 120
Profit and loss account 1,227,181 925,488
Shareholders' funds 1,227,301 925,608
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Darren Paul Riggott
Director
Approved by the board on 11 June 2025
Clean And Retrieve Limited
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Change of accounting framework - transitional adjustments
For the accounting periods up to and including the 30th April 2024 the accounts were produced under FRS105. The 30th April 2024 accounts have been amended to include a deferred tax provision (2024: £130,000, 2025 £236,397). The deferred tax provision has been deducted from profit and loss reserves and disclosed as a provision for liabilities.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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 and machinery Straight line over 3 or 4 years
Motor vehicles Straight line over 3 or 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 22 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2024 507,353 431,492 938,845
Additions 152,192 385,999 538,191
At 30 April 2025 659,545 817,491 1,477,036
Depreciation
At 1 May 2024 213,288 76,510 289,798
Charge for the year 97,881 117,969 215,850
At 30 April 2025 311,169 194,479 505,648
Net book value
At 30 April 2025 348,376 623,012 971,388
At 30 April 2024 294,065 354,982 649,047
4 Investments
Other
investments
£
Cost
At 1 May 2024 256,449
Disposals (256,449)
At 30 April 2025 -
5 Debtors 2025 2024
£ £
Trade debtors 424,277 335,742
Other debtors 39,929 17,628
464,206 353,370
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 8,167
Obligations under finance lease and hire purchase contracts 187,140 126,740
Trade creditors 110,410 105,868
Taxation and social security costs 118,654 84,829
Other creditors 47,321 28,306
463,525 353,910
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 210,423
Obligations under finance lease and hire purchase contracts 379,991 247,794
379,991 458,217
8 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years - 122,000
Secured bank loans - 218,590
Secured by a charge over the investment property.
9 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases
Within one year 76,835 28,862
Within two to five years 67,702 27,410
144,537 56,272
10 Other information
Clean And Retrieve Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3, Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB
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