Registered number
04542571
Springs Commercial Cleaning Services Ltd
Filleted Accounts
30 September 2024
Springs Commercial Cleaning Services Ltd
Registered number: 04542571
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 77,366 38,061
Current assets
Stocks 3,965 3,965
Debtors 5 70,991 86,449
Cash at bank and in hand 6,487 632
81,443 91,046
Creditors: amounts falling due within one year 6 (103,409) (91,235)
Net current liabilities (21,966) (189)
Total assets less current liabilities 55,400 37,872
Creditors: amounts falling due after more than one year 7 (55,100) (37,518)
Net assets 300 354
Capital and reserves
Called up share capital 200 200
Profit and loss account 100 154
Shareholders' funds 300 354
The director is 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 director acknowledges his 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 C J Crockford
Director
Approved by the board on 25 June 2025
Springs Commercial Cleaning Services Ltd
Notes to the Accounts
for the year ended 30 September 2024
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).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Motor vehicles 20% RBM
Fixtures & Fittings 15% RBM
Plant and machinery 20% RBM
Computer equipment 33% RBM
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 18,560
At 30 September 2024 18,560
Amortisation
At 1 October 2023 18,560
At 30 September 2024 18,560
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 62,770 39,995 102,765
Additions 6,320 45,000 51,320
Disposals - (4,167) (4,167)
At 30 September 2024 69,090 80,828 149,918
Depreciation
At 1 October 2023 44,241 20,463 64,704
Charge for the year 3,497 4,629 8,126
On disposals - (278) (278)
At 30 September 2024 47,738 24,814 72,552
Net book value
At 30 September 2024 21,352 56,014 77,366
At 30 September 2023 18,529 19,532 38,061
5 Debtors 2024 2023
£ £
Trade debtors 25,057 29,985
Other debtors 45,934 56,464
70,991 86,449
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,377 24,865
Obligations under finance lease and hire purchase contracts 10,125 -
Trade creditors 2,290 12,613
Taxation and social security costs 64,016 52,378
Other creditors 1,601 1,379
103,409 91,235
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,725 37,518
Obligations under finance lease and hire purchase contracts 30,375 -
55,100 37,518
8 Controlling party
The company is controlled by Mr C J Crockford, the company director and majority shareholder.
9 Other information
Springs Commercial Cleaning Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Granary Wharf Business Park
Wetmore Road
Burton upon Trent
Staffordshire
DE14 1DU
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