Company registration number 06708649 (England and Wales)
GEEVES DRY CLEANING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GEEVES DRY CLEANING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GEEVES DRY CLEANING LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,501
2,200
Current assets
Debtors
4
6,349
1,923
Cash at bank and in hand
6,726
9,675
13,075
11,598
Creditors: amounts falling due within one year
5
(3,430)
(10,222)
Net current assets
9,645
1,376
Total assets less current liabilities
14,146
3,576
Creditors: amounts falling due after more than one year
6
(1,600)
(3,200)
Net assets
12,546
376
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
12,446
276
Total equity
12,546
376
For the financial year ended 30 September 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 his 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 25 June 2025
Peter Roberts
Director
Company registration number 06708649 (England and Wales)
GEEVES DRY CLEANING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Geeves Dry Cleaning Limited is a private company limited by shares incorporated in England and Wales. The registered office is Edinburgh House, 1-5 Bellevue Road, Clevedon, North Somerset, BS21 7NP.
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 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
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
20% on reducing balance method
Fixtures and fittings
15% on reducing balance method
GEEVES DRY CLEANING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 October 2023
215
2,093
2,308
Additions
2,730
483
3,213
At 30 September 2024
2,945
2,576
5,521
Depreciation and impairment
At 1 October 2023
30
78
108
Depreciation charged in the year
558
354
912
At 30 September 2024
588
432
1,020
Carrying amount
At 30 September 2024
2,357
2,144
4,501
At 30 September 2023
185
2,015
2,200
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
163
Other debtors
6,349
1,760
6,349
1,923
GEEVES DRY CLEANING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,600
1,600
Trade creditors
624
Other creditors
1,830
7,998
3,430
10,222
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,600
3,200
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares A of £1 each
80
80
80
80
Ordinary shares B of £1 each
20
20
20
20
100
100
100
100
8
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Associated company
In previous periods the company provided alteration services and administrative support to an associated company, of which Mr P Roberts is also a director and majority shareholder. During the period these charges amounted to £NIL (2023: £6,200). As at the balance sheet date the company owed this associated company £17,493.31 (2023: £5,988). No interest is being charged on this amount, nor are there any set repayment terms agreed.
9
Directors' transactions
During the period amounts were advanced to the director. No interest has been charged on the balance owed.
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Director's Loan
-
-
5,078
5,078
-
5,078
5,078